In its latest monthly consumer price index (CPI) report, Statistics Canada said grocery prices rose at the fastest rate since 1981, with prices up 10.8 per cent compared with a year ago.
It marks the capital’s lowest unemployment rate since at least March 2001 – the earliest date for which statistics are available.
After fuelling Canada's economy through the COVID-19 pandemic, the real estate market is showing signs of weakness as home prices fall and bidding wars dissipate.
Industry observers say bottlenecks and shipping delays stem from several choke points along the supply chain, including backed-up warehouses, staff shortages and rail capacity.
The inflation rate hit a nearly 40-year-high of 8.1 per cent in June, but economists were widely expecting inflation to have since slowed.
On a seasonally adjusted basis, the association says sales in July fell 5.3 per cent compared with June. The actual number of sales last month was 37,975, down 29 per cent compared with July last…
Immigration-fuelled population growth and rising interest rates that have driven up the cost of buying a home helped boost Minto Apartment REIT’s bottom line in the second quarter.
Federal housing agency says growth was driven by increases in both the value and volume of uninsured mortgages for property buying and refinancings.
The agency said its consumer price index in May rose 7.7 per cent compared with a year ago, its largest increase since January 1983 when it gained 8.2 per cent and up from a 6.8 per cent increase in…
Fully Managed said Monday it’s acquired Ook Enterprises, a Vancouver-based company that provides managed IT services to small and medium-sized businesses.