as of late, and are expected to continue to plummet this year – below $1-million in Toronto and Vancouver, if you can believe it. This will make buying a home more attainable for many Canadians, as it’s possible to buy a house with a down payment of as little as 5 per cent. Finally, could 2023 bring the end to
? After seeing some businesses jamming customers with above-and-beyond price increases last year, we might see those same companies slashing prices to keep customers.Unaffected by mounting headwinds including high interest rates and a possible recession, Canadian employers went on a hiring binge at the end of 2022. The country, far greater than the 5,000 jobs that financial analysts were expecting, Matt Lundy reports. As such, the unemployment rate dropped to 5 per cent from 5.1 per cent.
in order to slow down inflation. While some companies in the tech sector began layoffs last year, this has yet to happen on a wide scale.When unemployment is high, wage growth tends to be low, and vice versa, which explains why wages have barely kept up with price inflation since 1975, when real wages typically grew by more than 2 per cent a year.
are set to hit the Toronto market in 2023, causing many investors to scramble for buyers. As Rachelle Younglai explains, pre-construction condos, which have not yet been built, are mostly bought by investors who plan to rent their units and/or make a profit from a resale. To secure a pre-construction condo, a 20-per-cent down payment is required, and after the condo has been built, the buyer is required to pay the remaining 80 per cent.
'Greedflation' is such a fatuous term. Businesses have always been greedy. They exist for the profit motive and yet, they are vilified for it. Inflation is really the result of too much money in the system chasing too few goods and services.
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Source: TorontoStar - 🏆 60. / 55 Read more »