INFLATION IS UP! NOW WHAT?
Sunday May 21st, 2023
Canada’s annual inflation rate rose in April. Major contributors to that increase were the surging costs associated mortgage costs and renting a home.
New figures released by Statistics Canada , showed that mortgage interest costs ballooned by a huge 28.5% last month from the same time last year, with year-over-year rental costs spiking by 6.1% and accelerating over the previous month.