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As of July 18, 2023, the inflation rate in Canada experienced a significant decline to 2.8% in June 2023, down from the 3.4% annual inflation rate observed in May 2023. This marks the lowest level of headline inflation since March 2021. The decline can be attributed primarily to a reduction in gas prices, which decreased by 22% compared to the previous year. Excluding gasoline prices, inflation rates were...

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با وجود عدم قطعیت نرخ بهره درزمان نوشتن این گزارش، تعداد قابل توجهی از شهروندان کانادایی قصد سرمایه‌گذاری در املاک مسکونی را دارند. این اطلاعات مبتنی بر گزارش جدیدی از شرکت رویال لوپیج است که نشان می‌دهد 26% از پاسخ‌دهندگان...

All Toronto neighborhoods will now permit the construction of multiplex housing following policy and zoning changes approved by Toronto councillors. This decision aims to expand housing options and meet the needs of the city's growing population. Deputy Mayor Jennifer McKelvie described the introduction of multiplexes in low-rise neighborhoods as a fairer approach to urban development. The Chief Planner...

The Greater Toronto Area (GTA) has experienced soaring rents in the first quarter of this year. Rentals.ca data shows that average asking rents in Canada have increased by $196 over the past year, with Toronto being the second hardest-hit city after Calgary. The average rent for all rental units in Toronto has seen a significant annual growth of 22.4%, reaching an average of $2,818. Moreover,...

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The housing market in the Greater Toronto Area (GTA) exhibited further tightening during April 2023. Compared to April 2022, sales experienced a slight decrease, while new listings saw a significant decline of over one-third. This reduced inventory relative to sales intensified competition among buyers, leading to an improvement in selling prices since the beginning of the year. TRREB President Paul Baron...

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