Canada's Foreign Buyers Ban: A Misstep in Housing Affordability?
Posted on Dec 28, 2023
In 2022, the Canadian government introduced a significant policy aimed at addressing the nation's housing affordability crisis: the Prohibition on the Purchase of Residential Property by Non-Canadians Act. This two-year ban was designed to limit the ability of non-citizens and foreign-controlled companies to invest in Canadian real estate, with the...
Canadian Inflation Rate Summary | Matt Gul & Selin Gul
Posted on Dec 08, 2023
Canadian Inflation Rate Summary for October 2023
Updated: November 21, 2023
Next Update: December 19, 2023
Current Canada Inflation Rate | October 2023 | 3.1%
The Consumer Price Index for Canada is 158.6 for the month of October 2023. The inflation rate year over year is 3.1% (compared to 3.8% for the previous month). Inflation from September 2023 to O...
The Bank of Canada holds rates again, when will the cuts begin and how will it affect the housing market?
Posted on Dec 07, 2023
On Wednesday, the Bank of Canada opted to maintain its benchmark interest rate, signaling a continued stance on potential future hikes despite growing speculation of rate cuts in 2024.
In its third consecutive decision and the last rate announcement f...