APRIL 2, 2025 DAILY NEWS WITH VANESSA TOPPLE
From the start of the election campaign, Jagmeet Singh has consistently tried do draw attention to his party’s policies. Now the party finds itself looking for relevancy and potentially losing official status. ...
read moreMARCH 26, 2025 DAILY NEWS WITH VANESSA TOPPLE
The Federal Liberals were in Toronto announcing Billions for the city to build affordable housing. ...
read moreMARCH 19, 2025 DAILY NEWS WITH JILLIAN KATZENBACK
The Bank of Canada lowered the lending rate but the housing market may not get the intended benefits. ...
read moreMARCH 12, 2025 DAILY NEWS WITH VANESSA TOPPLE
The Liberal Party elects it’s new leader, Mark Carney. ...
read moreMARCH 7, 2025 DAILY NEWS WITH VANESSA TOPPLE
With the Ontario elections done we turn our attention to who will replace our current Prime Minister. ...
read moreP.E.I. RENTAL VACANCY RATE THE LOWEST IN THE COUNTRY
In 2024, P.E.I.’s rental vacancy rate once again dropped to the lowest in the country. Canada Mortgage and Housing Corporate (CMHC) data, released on Dec. 17, shows that the province’s rental vacancy rate – the percentage of apartments and townhouses that were vacant – dropped from 1.1 per cent in October 2023 to 0.8 per cent in October 2024. P.E.I. has had the lowest vacancy rate of any province for five of the last seven years, although the province was tied with Nova Scotia for this...
read moreTHE END OF GROWTH? IMMIGRATION AND RENTAL INFLATION ARE SLOWING
Canada’s once unstoppable population growth is finally tapping the brakes, and the ripple effects are beginning to surface—most notably in the country’s rental markets. In a significant shift that could reshape the dynamics of Canada’s real estate landscape, the country has recorded the highest exodus of non-permanent residents (NPRs) since the Canada Mortgage and Housing Corporation (CMHC) began tracking this data in 2021. This exodus coincides with a marked softening of rental rates across...
read moreCANADIAN INFLATION SLOWS, MORTGAGES PULL BACK WHILE RENTS ACCELERATE
Canadian inflation slowed further last month, but the details show why few people may have felt it. Statistics Canada (Stat Can) data shows progress for the headline measure of the Consumer Price Index (CPI), which decelerated in November. The agency reported a broad-based slowdown, though half of the major components were still growing significantly above the target. One of those components is Shelter, where mortgage interest growth slowed and rents resumed acceleration. Canadian Headline CPI...
read moreLIBERAL HOUSING MINISTER SEAN FRASER RESIGNS FROM TRUDEAU’S CABINET, WON’T SEEK RE-ELECTION
Housing Minister Sean Fraser says he will not be running in the next federal election, citing a need to spend more time with his family. Fraser made the announcement Monday morning at a news conference in Ottawa ahead of a cabinet meeting and the fall economic statement. His announcement comes as Chrystia Freeland also announced she is leaving her cabinet post as finance minister. He said he came to this decision months ago, while he was recovering from a back surgery operation and was...
read moreJOBLESS RATE REACHES 6.8% IN NOVEMBER, HIGHEST SINCE 2017 OUTSIDE OF PANDEMIC
Canada’s unemployment rate jumped to 6.8 per cent last month as more people looked for work in a weak job market, shifting expectations toward a jumbo interest rate cut next week. Statistics Canada’s November labour force survey says the jobless rate last month reached the highest since January 2017, outside of the COVID-19 pandemic. The unemployment rate was 6.5 per cent in October. Meanwhile, the economy added 51,000 jobs in November, with employment gains concentrated in full-time work and...
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