After a year-long slump, Canada's housing market is showing early signs of recovery, and realtors say pent-up demand, chronic shortage of homes, a spike in...
OTTAWA/TORONTO - After a year-long slump, Canada's housing market is showing early signs of recovery, and realtors say pent-up demand, chronic shortage of homes, a spike in rents and hopes of an interest rate cut may fuel a rally in the sector that could reignite inflation.
"All of these multiple offers ... are working now because demand is a lot higher than in the fall," Pasalis said. For Macklem, high mortgage and rental costs present a significant hurdle in managing inflation. The bank last month said price growth in the shelter sector would create a "material headwind" to returning inflation to the 2% target.
Demand "is going to absolutely explode when rates come down and first-time homebuyers can start qualifying for mortgages again," Moffatt said. TORONTO — Independent telecommunications provider Beanfield Metroconnect is asking the industry regulator to outlaw arrangements between carriers and developers that provide turnkey internet service for all units of a particular condo building. In an application filed to the CRTC last September, Toronto-based Beanfield took specific aim at Rogers Communications Inc.
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