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Annual home prices predicted to rise nearly 10% by end of year: Royal LePage – National

Canadian homes will be nearly 10 per cent more expensive at the end of 2024 than they were the year before, according to a new report. On Friday realty firm Royal LePage released an updated forecast predicting that aggregate Canadian…

How to protect, improve your credit score amid cost-of-living pressures – National

Last month, the federal government proposed tying rent payments to credit scores, a new way to help Canadians build their credit. Meanwhile, cost-of-living pressures are impacting some people’s ability to pay down debt and keep their scores in good standing….

Canadians’ wages took major hit in 2022 amid high inflation rates: StatCan – National

Peak inflation rates in 2022 cost Canadians a major chunk of their wages, according to a new Statistics Canada report. The report, released Friday, says the Consumer Price Index rose 6.8 per cent on average that year, while median annual…

30-year amortizations will only impact a ‘sliver’ of the housing market: BMO – National

The Liberal government’s plan to allow some first-time homebuyers to stretch their mortgage amortizations to 30 years will only improve affordability for a “sliver” of the housing market, according to a BMO economist. Finance Minister Chrystia Freeland announced Thursday that…

Canada needs another 1.3M homes by 2030 to solve supply and demand gap: PBO – National

Canada will need to build roughly 1.3 million more new homes than are currently projected to eliminate the gap between housing supply and demand, according to a new report by the Parliamentary Budget Officer (PBO). The figure translates into about…

Ottawa changing RRSP Home Buyers’ Plan, some mortgage amortization rules – National

The federal government has announced a series of measures to make it easier for first-time buyers to break into the housing market with changes to the Home Buyers’ Plan and amortizations on some mortgages. Finance Minister Chrystia Freeland unveiled the…

Bank of Canada holds key rate, but signals June cut in ‘realm of possibilities’ – National

The Bank of Canada held its benchmark interest rate steady on Wednesday amid signs that inflation is easing, with officials acknowledging that a rate cut in June is “within the realm of possibilities.” The central bank’s policy rate, which informs…

U.S inflation rises in March, could ‘undermine’ Fed’s confidence for rate cuts – National

Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause to the Federal Reserve as it weighs when and by how much…

CRA’s handling of bare trust reporting rules needs ‘systemic review,’ MP says – National

A Conservative MP is calling on the taxpayers’ ombudsperson to conduct a “systemic review” of the Canada Revenue Agency‘s recent handling of bare trust reporting requirements. Adam Chambers, the Member of Parliament for Simcoe North, said in a letter to François…

Liberals launching $500M fund for youth mental health – National

By Staff The Canadian Press Posted April 9, 2024 10:31 am Updated April 9, 2024 10:58 am 1 min read Descrease article font size Increase article font size Ottawa is setting up a $500-million fund to help community health organizations…