Inflation unexpectedly slipped 0.1% (not seasonally adjusted) in June, following a 0.6% increase in May. This was the first decline in six months. The monthly decrease was driven by lower prices for travel tours (-11.1%) and gasoline (-3.1%). The Consumer Price Index (CPI) rose 2.7% year over year in June, down from a 2.9% gain in May. The deceleration was […]

The annual pace of inflation in Canada continued to slow in June, with a lower-than-expected consumer price index (CPI) potentially leaving the door open for the Bank of Canada to cut interest rates again next week. Statistics Canada said on Tuesday (July 16) that the overall inflation rate fell to 2.7% last month, spurred in […]

We all invest a lot into our homes, so we want to make sure we are enjoying them to the fullest all year long. As we head into the prime of summer, there is no better time to update your space to turn it into the perfect staycation paradise so that you can fully enjoy […]

With the first Bank of Canada rate drop having occurred in June, many individuals are looking at the housing market with renewed vigor and an expectation that rates will continue to come down to a more sustainable level. If you are someone who is considering entering the housing market this summer, there are a few […]

Inflation accelerated in Canada in May, defying economists’ expectations of a further slowdown and adding another twist in the outlook on interest rates for the rest of the year. Statistics Canada said on Tuesday morning that the consumer price index (CPI) increased by 2.9% last month compared with the same time in 2023, above a […]

The Canadian housing market remained in a stalemate through May despite the Bank of Canada’s recent rate cut, according to the Royal Bank of Canada (RBC). Home resales dipped by 0.6% and prices by 0.2% compared to April. High interest rates and ongoing affordability challenges have kept many potential buyers on the sidelines, awaiting clearer […]

Creating a pet-friendly home involves considering the comfort, safety, and well-being of your furry friends. Here are some home features to consider: Durable Flooring: Choose scratch-resistant and easy-to-clean flooring like hardwood, laminate, or more durable tile options. Avoid carpets if possible, or choose pet-friendly carpeting that’s stain-resistant. Pet-Friendly Fabrics: Choose furniture and upholstery made from pet-friendly fabrics […]

Looking to buy your first home? Thinking about making a move? Whatever your goals, when it comes to getting a mortgage, there are a few things you can do in advance to make the mortgage process easier! Getting Pre-Qualified: The purpose of mortgage pre-qualification is to help you get a general idea of what you can […]

The likelihood of a rate cut next week has increased due to disappointing Canadian GDP growth. Real gross domestic product (GDP) only rose by 1.7% (seasonally adjusted annual rate) in the first quarter of this year, which is well below the expected 2.2% and the Bank of Canada’s forecast of 2.8%. Fourth-quarter economic growth was […]

The Bank of Canada would be prepared to cut interest rates three times ahead of the Federal Reserve’s first rate reduction even if it means further weakening the Canadian dollar, according to analyst estimates. Investors anticipate the Canadian central bank to start cutting rates in June or July, with today’s inflation reading being a critical […]