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 Toronto Surpasses Vancouver as Canada’s priciest market RBC’s chief economist says despite skyrocketing prices, some moderation is likely this year Recent weeks have seen a significant milestone on Canada’s housing and mortgage fronts: after decades with the dubious honour of being the country’s priciest city, Vancouver was finally overtaken by its [&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…
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