Inflation sets fresh three decade high at 6.8% in April with little sign of cooling
Posted: May 21st, 2022In: ConstructionNewsOTTAWA – The cost of nearly everything at the grocery store continued to climb higher to help push the annual inflation rate to a fresh three-decade high in April and economists warn prices could continue to heat[...]
Read More about Inflation sets fresh three decade high at 6.8% in April with little sign of coolingCREA reports home sales down in April as mortgage rates rise
Posted: May 16th, 2022In: ConstructionNewsIncreasing mortgage rates slowed home sales in April from the frenzied pace they started the year at, the Canadian Real Estate Association said Monday. The association found the number of homes sold dropped by 25.7[...]
Read More about CREA reports home sales down in April as mortgage rates riseBoC’s Gravelle says “perfect storm” fueling inflation, but key differences from ’70s
Posted: May 12th, 2022In: ConstructionNewsMONTREAL – Inflation is at a multi-decade high, but the situation is different than the 1970s when high inflation was combined with high levels of joblessness and slow or recessionary economic growth, a senior Bank of Canada official said Thursday. In[...]
Read More about BoC’s Gravelle says “perfect storm” fueling inflation, but key differences from ’70sMunicipal tax rate twice the inflation rate as city delivers its latest budget
Posted: May 10th, 2022In: ConstructionNewsTHE NELSON DAILY Inflation and wage cost pressure have left the city with no choice but to raise municipal taxes by twice the average annual amount. The city will be bumping its annual taxation figure[...]
Read More about Municipal tax rate twice the inflation rate as city delivers its latest budgetVancouver council hiking empty homes tax to 5 per cent of assessed value in 2023
Posted: May 1st, 2022In: ConstructionNewsVancouver is raising the empty homes tax that is designed to ease vacancy rates in the city, from three per cent to five per cent of the property’s value. The motion by Mayor Kennedy Stewart[...]
Read More about Vancouver council hiking empty homes tax to 5 per cent of assessed value in 2023Inflation picks up steam in March to hit 6.7% amid war in Europe, supply chain woes
Posted: Apr 21st, 2022In: ConstructionNewsOTTAWA – Canada’s inflation rate hit 6.7 per cent last month, the fastest annual increase in more than three decades as Russia’s attack on Ukraine pushed up oil prices and a pandemic-related supply chain crunch dragged[...]
Read More about Inflation picks up steam in March to hit 6.7% amid war in Europe, supply chain woesBank of Canada raises key rate to 1% and warns further hikes still to come
Posted: Apr 13th, 2022In: ConstructionNewsOTTAWA – The Bank of Canada raised its key interest rate by the highest amount in more than 20 years and warned more rate hikes are coming as it increased its outlook for inflation. The central bank hiked its policy interest[...]
Read More about Bank of Canada raises key rate to 1% and warns further hikes still to comeRCCAO welcomes budget’s housing focus, concerned for funding to cities
Posted: Apr 12th, 2022In: ConstructionNewsAccording to a release by the Residential and Civil Construction Alliance of Ontario (RCCAO), the alliance welcomes the focus on housing and infrastructure investment in the Federal Government’s Budget 2022 but is troubled that there[...]
Read More about RCCAO welcomes budget’s housing focus, concerned for funding to citiesThe federal budget will have the support of the NDP, but will also face opposition
Posted: Apr 9th, 2022In: ConstructionNewsOTTAWA – The Liberals have done enough to honour their agreement with the NDP, but that doesn’t mean the federal budget will pass without opposition. “We still have critiques and criticisms,” NDP Leader Jagmeet Singh said Thursday.[...]
Read More about The federal budget will have the support of the NDP, but will also face oppositionMarch home prices slid from February, but still up from last year: TRREB
Posted: Apr 6th, 2022In: ConstructionNewsTORONTO – Prospective homebuyers in the Toronto region saw a slight dip in home prices last month, but properties were still selling for an average $200,000 more than they were last March. The Toronto Regional[...]
Read More about March home prices slid from February, but still up from last year: TRREB