The Bank of Canada announced yet another interest rate hike at its meeting on Wednesday, accelerating the pace even further with a 100 basis point increase to their policy rate. This increase marks the largest rate increase in more than 20 years as the bank works to rein in inflation.

It’s no secret that owning a home in Canadian cities has become increasingly out of reach. 

Adding insult to injury is the fact that sky-high rent prices in many cities make it difficult to save to become a homeowner — rents can cost more than some monthly mortgage payments.  

The Canadian real estate bubble is kind of like a plane. People on it know it’s going fast but being inside of it means you don’t really appreciate the speed. On the outside though, the bubble looks like it just broke the sound barrier, especially in contrast to its

New report calls for change as rents soar at fastest pace since the late 1980s

The leaders of Canada’s biggest city are being challenged to confront a surge in “renovictions,” a phenomenon that has already caused tensions between landlords, tenants, and politicians in other big municipalities, including Vancouver and Montreal.