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TORONTO — Greater Toronto Area home prices fell almost 18 per cent from last February as the number of properties sold was halved, the region’s real estate board said. The Toronto Regional Real Estate Board (TRREB) said Friday that the average selling price for February totalled $1,095,617, roughly five per …
Read More »Statistics Canada set to release January inflation rate as fuel prices soared – National
Statistics Canada is set to release its reading on inflation for January Tuesday morning. The federal agency’s consumer price index report will give insight on how high prices were in January compared with a year ago, as well as the month prior. Canada’s annual inflation rate has been slowing since …
Read More »How rising food prices make eating healthy a big-time struggle for some Canadians
2:35 Food inflation: Rising prices make eating healthy a struggle for low-income Canadians Over a six-week period, as part of the ‘Out of Pocket’ series, Global News is examining how inflation is impacting Canadians from coast to coast. Canadians are feeling the pressure at the checkout lane as grocery prices continue …
Read More »Urban vs. rural: Food prices go up everywhere, but it’s way worse in some areas
As Canadians continue to feel the pressure of inflation, groceries are one area many are hoping prices will ease soon. Global News went to the grocery store to see how rising prices are impacting families trying to make ends meet, as part of its ongoing Out of Pocket series. The prices …
Read More »Will prices eventually fall in Canada? Why experts say deflation is unlikely – National
What goes up doesn’t necessarily come down. That’s contrary to the sentiment of a surprisingly large proportion of respondents to the Bank of Canada’s quarterly consumer expectations survey, released last week. According to the survey, more than a quarter of Canadians believe that current decades-high prices will drop five years …
Read More »Used vehicle prices are dropping. Why you might want to hold off on your purchase
If you are in the market for a used vehicle, some auto industry experts are advising to wait until later in the year to make your purchase. “The cars that dealers have on their lots now that are used, they would have bought them when we had much higher used …
Read More »Canadians will see high oil, gas prices through 2023, experts say: ‘A very expensive time’ – National
Whether it was heating your home or filling up your vehicle, Canadians saw gas and oil prices soar to record highs last year. 2023 will not be much different, say experts. According to a new Deloitte report that forecasts oil and gas prices, Edmonton City Gate, a benchmark crude oil …
Read More »Hoping for a steep drop in home prices next year? It’s unlikely, Royal LePage says – National
Housing prices are only forecasted to drop one per cent in 2023, according to a new market survey forecast from Royal LePage. The aggregate price of a home in Canada is set to drop just one per cent year over year from $772,900 to $765,171, the survey is projecting — …
Read More »Toronto’s hotel prices are soaring. And don’t expect them to drop anytime soon, experts say
Hotel prices across downtown Toronto have skyrocketed and as the busy tourist season winds down, industry experts say there’s no sign they’ll come back down anytime soon. They say consumers are paying substantially more due to a combination of factors. “Prices are high for two reasons,” said Wayne Smith, a professor in …
Read More »NDP calling for probe of grocery store profits as food prices continue to rise
The federal NDP is calling for a parliamentary probe of the rising cost of food to determine whether major grocery store chains are raking in excess profits. While Canada’s inflation problem seems to be easing off, the cost of groceries has risen 10.8 per cent in the past year, according to Statistics …
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