Toronto rents just skyrocketed again
It will now cost you well north of $2,800 to rent an apartment in Toronto, and renters looking to move into a new home will have to fork over more than 15 per cent higher prices than this time last year. The latest Rentals.ca and Urbanation National Rent Report […]
How could a Bank of Canada rate hike impact B.C.’s housing market?
Real estate experts say B.C.’s housing market is heating back after cooling off due to rising interest rates but the future is uncertain as several economists expect the Bank of Canada to hike rates again. Home sales have rebounded and increased recently, while an overall lack of supply […]
Bank of Canada ends pause on hikes, raises policy rate by 25 basis points
The Bank of Canada ended its interest rate pause on Wednesday as it looks to stamp out inflation and cool the country’s red-hot economy. The central bank raised its benchmark interest rate to 4.75 per cent, an increase of a quarter-percentage point in its first hike since January. […]
BC’s Minimum Wage Is Now One Of The Highest & HCanadaere’s How It Compares To Salaries Across
The minimum wage that workers in B.C. have to be paid has just been increased and it’s now one of the highest in the entire country. Even with the boost, what people in the province will earn in a year at minimum wage jobs is nowhere close to average […]
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Economic growth beats expectations with 3.1 per cent gain in Q1
The Canadian economy grew at an annualized rate of 3.1 per cent in the first quarter of 2023, Statistics Canada reported Wednesday. The latest data shows growth beat out the federal agency’s own forecast of 2.5 per cent for the quarter. The ongoing resilience in the economy will likely […]
Cost of living across Canada
The cost of living in Canada can be affected by various specific factors. In general, this concern is one of the 3 main concerns of people who immigrate to Canada and live in this country. It doesn’t matter if you are calculating the living expenses for your student period or […]
These are the best and worst GTA cities for property taxes
If you’re looking to buy a property in the GTA (and aren’t completely set in stone about which city to call home), considering factors like property taxes may help you decide which municipality matches your budget the best. Property taxes can vary significantly from city to city, and are set […]
All the ways Canadians will get more money from the government this summer
GST/HST credit Payment due: July 5 The goods and services tax/harmonized sales tax (GST/HST) credit is a tax-free quarterly payment. It aims to help Canadian individuals and families with low to modest incomes offset the taxes that they pay. According to the government, you could get up to: $467 […]
Canada gas prices to rise due to cleaner fuel rules
A new analysis finds the federal government’s plan to move to cleaner fuel sources will raise the price at the pump and have a negative impact on economic growth. The report released on Thursday looked at Canada’s Clean Fuel Regulations which are set to take effect on July 1. […]
Inflation rate unexpectedly increased in April, jumping up to 4.4%
Canada’s inflation rate reversed its cooling trend last month and moved higher, to a 4.4 per cent annual rate. Economists had been expecting new data released by Statistics Canada on Tuesday to show the cost of living had eased from March’s 4.3 per cent pace to something around 4.1. […]