OTTAWA, March 6 (Reuters) - The Bank of Canada (BoC) held its key overnight rate unchanged at 5% on Wednesday as anticipated, but dashed hopes for borrowers seeking respite, citing persistent underlying inflation as a barrier to considering a reduction. Governor Tiff Macklem emphasized the inability to schedule rate cuts, highlighting elevated core inflation metrics. Overall inflation remains at 2.9%,...
Rental housing supply across the nation surged in 2022 but demand outpaced growth – leading to skyrocketing prices, record-low vacancy rates and less mobility. Approximately 55,000 purpose-built rental units hit the market between October 2021 and October 2022 – the strongest rate of increase since 2013. However, those extra units did very little to flesh out available rental supply, as vacancy...
Traditional, brick-and-mortar real estate investments in Canada can produce a high rate of return, but they often need a higher outlay of cash upfront and may incur significant ongoing maintenance expenditures. It is now feasible to diversify your real estate portfolio at a lower total cost than would be achievable with a single traditional investment, thanks to real estate investment trusts (REITs)...