Canada’s inflation rate dips to 2.5% in July, lowest since March 2021

Canada’s inflation rate dips to 2.5% in July, lowest since March 2021

Canada’s annual inflation rate dropped to 2.5 per cent in July  — down from 2.7 per cent in June, Statistics Canada said Tuesday. The national statistics agency said inflation increased at the slowest pace in more than three years, since March 2021. The deceleration was attributed in part to lower prices for travel as compared to a year earlier, when travel … Read more

Fewer home sales and lower average housing prices in Canada compared to last year

Fewer home sales and lower average housing prices in Canada compared to last year

Real estate activity across Canada in June showed a drop in both sales and housing prices compared to June 2023, says the Canadian Real Estate Association, though sales perked up a bit compared to May 2024.  According to the latest numbers from CREA, home sales activity as registered in the Canadian Multiple Listing Service (MLS) went up … Read more