Print Icon
 
   
   

The Friday Finale!

   

March 1st, 2024

Welcome to our newsletter, The Friday Finale!  A simple, quick snapshot of information for you!  Below are recent highlights of news over the past two weeks. 

   
     

Links to News:

We Could Reach 2% Inflation by this Summer: National Bank

Could Canada’s headline inflation rate reach the neutral target of 2% by this summer, a full year sooner than the Bank of Canada’s own forecasts?

National Bank of Canada thinks so.

In a new report, economist Taylor Schleich argues that there’s actually a “clear path” to 2% inflation by the middle of this year.

The 2024 Tax Season Kicks Off Monday. Here's What You Need to Know

Canadians can begin filing their income tax returns online as of Monday, with several changes in store for the 2024 tax filing season.

Those filing by paper should have received their income tax package in the mail by now, according to the Canada Revenue Agency (CRA).

Most Canadians must file their tax return by April 30, which is also the deadline to make a payment for those who owe money to the government.


Canada's Inflation Rate Slowed to 2.9% in January as Gas Prices Fell

Canada's annual inflation rate slowed to 2.9 per cent in January, mostly due to a deceleration in the price of gas, Statistics Canada said Tuesday.

Economists were expecting the rate to come in at 3.3 per cent.

Gas prices fell four per cent year over year in January after driving headline inflation up to 3.4 per cent in December, due to what economists call a base-year effect (the impact of comparing prices in a given month to the same month a year earlier).


Canada's Average Rent Price Hit a New Record High in January 

The average asking rent in Canada continued to creep higher in January, reaching a new record high of nearly $2,200.

Average rent prices were up another 0.8% month-over-month, resulting in an annual gain of 10%, according to the latest report from Rentals.ca. Going back to pre-COVID levels, rents are now up by 20%, or an average of $373 a month.

The Green Effect Podcast!

Finance, life, business and everything in between! Brand new content with just myself gabbing away about the real estate world, personal stuff going on in my life, stories as an investor, and whatever else! Come with me on the journey inside my head.

BLOG POST: Green Thoughts

Most Recent Blog:

The Ripple Effect: How a Drop in the Bank of Canada's Prime Lending Rate Impacts the Canadian Housing Market

In the ever-dynamic landscape of Canadian real estate, the actions of the Bank of Canada, particularly adjustments to the prime lending rate, play a pivotal role in shaping market trends and behaviors. A decrease in the prime lending rate is not merely a financial maneuver; it's a catalyst that triggers a series of reactions across the housing market. This article delves into the multifaceted impact of such a change, shedding light on its implications for buyers, sellers, investors, and the broader economy.
.

   
   

Follow Us On

You are receiving this email as you signed up for our newsletters.

Want to change how you receive these emails?

You can Unsubscribe or Update your preferences