Despite Home Price Declines, Improvement In Affordability Isn’t “Imminent”
Sentiments have soured significantly across Canada’s housing markets, with sales and prices edging lower as high interest rates keep buyers on the sidelines. But despite the slowdown, economists warn an improvement in affordability is not on the horizon. Home sales have been on the decline since the Bank of Canada
More Forceful Tightening May Be Needed to Tame Inflation: IMF
Inflation is wreaking havoc on everything from grocery bills to monthly mortgage payments. Now at 8.1%, Canada’s sky-high inflation rate has become impossible to ignore. So have its potential ramifications. A new blog post from the International Monetary Fund (IMF) highlights the dramatic extent to which inflation is impacting monetary policy — and the potential urgency