6 h. ago Pace of rent increases slows, but housing costs still rising in Metro Vancouver

Nearly 40 per cent of Metro Vancouver households are renters, and the report said the 'trend toward renting continues'

Economics

23 h. ago Rent prices in and around Toronto plummet for yet another month

Tenants in and around Toronto have been benefiting from lower housing costs so far this year as the city's real estate market endures the impacts of tough and uncertain economic times.Average rents across the GTA have plummeted to prices not seen in years, and the most recent figures from April show a continuation of the recent trend, with the price of a typical apartment in downtown Toronto, Etobicoke, Mississauga, North York and other areas falling further still.According to liv.rent, one of the platforms that collects such data nationwide each month, one-bedroom renters in the 6ix are now paying about $130 less for a home than they were this time last year, and $7 less than they were even last month, based on present rates.While Toronto remains generally known as one of the priciest places to live in Canada, it is not even listed in liv.rent's top five places in the country to rent right now, all of which are in ...

Economics

31 h. ago Here's when Canadians can cash in on the next government payouts in May

Eligible Canadians can expect money from the government this month through various Government of Canada benefits and credits.According to Statistics Canada, the country's inflation rate rose to 2.3 per cent in March, slightly lower than the 2.6 per cent increase seen in February.Despite a slightly lower inflation rate, life in Canada remains expensive, and unemployment is rising.In March, the cost of housing increased by 3.9 per cent, while transportation costs rose by 1.2 per cent. Food purchased from stores continues to become more expensive, with prices increasing by 3.2 per cent.As the cost of living remains high, it's worth checking to see which government benefits you may qualify for. Ensure that your direct deposit is enabled, as you look forward to the following benefits, if you meet the criteria:Canada Child Benefit (CCB) — May 20Eligible families in Canada can expect their monthly Canada Child Benefit (CCB) payment on May 20. In July 2024, with the ...

Politics

63 h. ago David Staples: Nation's top advisers see dark future for Canada on its current path

The 2024 report Future Lives: Uncertainty, said we face unprecedented uncertainty, with families challenged by wage stagnation, growing debt, rising housing costs and an increasing cost of living.

Other

3 d. ago Calgary Centre: Donald Trump looms amid concerns over cost of living, housing and energy sector

Calgary Centre is among the city's most competitive ridings, according to results of recent federal elections

Economics

1 week ago Inflation cooled to 2.3% in March as gas prices fell, StatCan says

OTTAWA — Canadians got a break on inflation in March even without a tax holiday as Statistics Canada says the pace of price increases slowed last month.  The agency says the annual inflation rate was 2.3 per cent in the month, down from 2.6 per cent in February.  StatCan says a drop in the price […]

Economics

1 week ago Another Bank of Canada interest rate cut is on the way and here's what could happen

Amid times of economic uncertainty — an upcoming federal election and tense relations with the U.S. — Canadians are waiting for the next Bank of Canada (BoC) interest rate announcement.The central bank has made two 0.25 per cent cuts to its key interest rate so far this year, with the last one on March 12 bringing the rate to 2.75 per cent.That announcement came a week after U.S. President Donald Trump imposed a 25 per cent tariff on all Canadian goods, and Canada retaliated with counter-tariffs. The BoC claimed the Canadian economy entered the year in a "solid position," saying GDP showed robust growth, and inflation was finally close to the two per cent target.However, with economic aggression from the U.S., BoC officials predicted a slower pace of economic activity and increased inflationary pressures in Canada. The latter concern contributed to the decision to lower the policy rate by a quarter point.The last BoC update did not come with an extensive m...

Other

2 w. ago U.S. egg prices continue to increase despite bird flu outbreak slowing

U.S. egg prices increased again last month to reach a new record-high of $6.23 despite a drop in wholesale prices and no egg farms having bird flu outbreaks. The increase reported Thursday in the Consumer Price Index means consumers and businesses that rely on eggs should not anticipate immediate relief. Demand for eggs is typically […]

Economics

2 w. ago Poilievre says he’ll pay cities to lower ‘homebuilding taxes’

Housing starts have been slow to start 2025 after seeing a modest year-to-year increase in 2024

Economics

2 w. ago B.C. Premier to meet with Mark Carney over soaring lumber duties imposed by U.S.

Eby says the decision is an attack on forest workers and all B.C. residents, and it will also hurt Americans by driving up housing costs

Transport

3 w. ago Huge share of Canadian renters blame housing crisis on wages

A new survey by online marketplace rentals.ca shows that many Canadian renters feel priced out of the housing market, with several factors driving unaffordability.The 2025 Federal Election Survey questioned hundreds of Canadian renters and discovered that over 40 per cent blamed the housing crisis on wage stagnation compared to housing prices.A total of 47 per cent of renters surveyed also identified stagnant wages and rising housing costs as a key issue in the upcoming federal election."Renters are just as concerned about affordability pressures and economic fairness as they are about supply constraints," stated the report."While issues for currently undecided voters were similar to the broader population, they did skew more towards concerns with inflation and wage stagnation, indicating that addressing the overall cost of living could be the key for parties hoping to win over these swing voters."A recent report from Normandin Beaudry, an actuarial consulting service, sai...

Other

3 w. ago Costco Canada offering massive deal on membership this month

Want a Costco Canada membership? Now is the perfect time to buy or renew one for your household.On Sept. 1, 2024, Costco raised its annual membership fees for the first time in years. The Gold Star membership increased by $5 ($60 to $65), and the higher-tier Executive membership jumped by $10 to $130 annually.The good news is that Costco sometimes offers membership promotions with serious advantages. The big-box store currently has a deal for new and returning members (whose membership expired 18 or more months ago), but you'll have to act fast.The deal ends on April 13, 2025.Until that deadline, those who sign as Executive members online using the promo code COSTCO80 will receive a $80 voucher. It can be used on a $200 purchase at Costco.ca.For Gold Star members, the gift voucher is worth $40 (promo code: COSTCO40) and can be applied to a $100 purchase on the big box store's website.Savings like that could mean a ton of free essentials like toilet paper, cleaning supplies, applianc...

Economics

3 w. ago Labour Touts UK Wage Gains as £600 Rise in Household Bills Bites

Prime Minister Keir Starmer’s UK government insisted a boost to minimum wage rates will help Britons with the cost of living even as a slew of household bills rise.

Other