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You may be in a position where you are thinking about selling your home. Maybe the kids have flown the nest, and you're looking for a smaller home to suit your size. Or you are looking for a larger home to fit the family. Maybe you want a dual residence to help your parents out or bring in extra income.
As many of us would now know, the 2nd of September raised interest rates up 75 points to 3.25%. According to Reuters, the Bank of Canada believes that it may need to continue to raise rates to fight stubborn inflation. So more rate rises may still be on the horizon.
Despite June’s headline CPI inflation reading rising to a near-40-year high, it was less than markets had expected.That could signal that inflation is finally nearing a peak, which would be welcome news to the Bank of Canada as it plans its next rate hike on September 7.In June, the Consumer Price Index (CPI) accelerated to an annual rate of 8.1%—i...
With inflation on the rise, no one is escaping the impact of higher prices.
According to Statistics Canada, inflation has risen to 7.7%, the highest increase since 1983. Gas prices rose by 12% in the month of May alone and have seen an overall 48% increase compared to this time last year. Grocery bills have increased by 9.7% in the past year.
Housing prices continue to climb, inventories continue to remain low, demand for housing is intense, and there’s absolutely no relief in sight. It’s a hard time to be a homebuyer right now! Despite that, you can still find a house that you’ll love; it may just take a little extra polish and shine as you head into your...
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