Toronto rent prices continued their months-long climb in July, now sitting $525 above where they were at the same time last year. A new report from TorontoRentals.com and Bullpen Research & Consulting found that Toronto’s average rent price jumped a whopping 6.2% from June to July, to its new average of $2,667
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
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 G7
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. Throw in climbing interest rates and
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.