Inflation hits milestone high in Canada Get your complementary Pre-Approval from aDiamondMortgage, here StatCan revealed that the pace of inflation has shattered a 30-year record The annual inflation in Canada rate hit 5.1% in January – the first time it has surpassed the 5% mark for over 30 years, according to Statistics Canada. That increase, which followed a [&hellip…
Get your complementary Pre-Approval from aDiamondMortgage, here. CMHC-Backed Report Calls for Annual Surtax on Homes Valued at $1M+ A new report backed by Canada’s national housing agency is calling for a home equity tax on houses valued at $1 million and more. On Wednesday, advocacy group Generation Squeeze released a report entitled Housing Wealth and Generational Inequity, which explored policy incentives [&hellip…
Get your complementary Pre-Approval from aDiamondMortgage, here. Economists forecast rising home sales, prices in 2022 Most of Canada’s biggest mortgage lenders and its largest real estate groups are forecasting a robust housing market this year, with some seeing double-digit sale increases and sharp price hikes, despite rising lending rates and a shortage of homes for sale. CIBC, however, [&hellip…
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