For the first time since April 2001 that Bank of Canada target overnight rate hit 5%. This represents the 10th rate hike by the central bank since March 2022. In justifying the 25 bps increase the Bank of Canada cited robust demand and tight labour markets resulting in persistently high inflation.
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See AllAccording to the National Rent Report (Rentals.ca, Urbanation, July 2023) the average asking rent in Canada reached a new peak of $2,078...
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Link to document Housing Policy Declaration Declaration 4) It is declared to be the housing policy of the Government of Canada to (a)...
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