As summer travel returns and the demand for short-term rentals increases, experts are examining the impact of platforms like Airbnb on the affordability of housing in Canada. According to experts, there is a clear link between the prevalence of short-term rentals in a city and the cost of rents and property prices. However, Airbnb has …
The Department of Labor reported that initial filings for unemployment benefits rose by 28,000 to a seasonally adjusted 261,000 for the week ending on June 3, which could indicate a softening labor market despite a year of interest rate hikes. The four-week moving average of claims increased by 7,500 to 237,250, the highest recorded since …
As governments throughout Canada work towards constructing more affordable housing, some rental market residents feel forgotten and neglected. These individuals want Premieres to take action during their next meeting. One such resident is Beverly Henry, a retired senior residing in Toronto whose rent has increased by over $400 in only nine years. Rentals.ca reports that …
The Chancellor has set a tight fiscal rule to decrease debt-to-GDP within five years, leaving only a £6.5bn buffer, the smallest since at least 2010. However, the OECD forecasted an upgrade in the UK’s growth in 2023 while warning that the narrow margin could hinder the weak recovery. The OECD stated, “Significant risks surround the …
DAKAR, Senegal – June 2, 2023: Supporters of Ousmane Sonko, the opposition leader jailed for “corrupting the youth,” protested in the Senegalese capital. The country’s political stability has been threatened by violent clashes between security forces and Sonko’s supporters. Human Rights Watch and other organizations called for the release of those wrongfully held and for …
The global economy remains fragile as inflation continues to impact household spending and higher interest rates hinder growth, according to the Organization for Economic Cooperation and Development (OECD). The Paris-based group, comprising 38 member countries, predicts global growth to reach 2.7% this year, up from the previous estimate of 2.2% in November, with growth expected …
A sign reads ‘We Buy Used Cars!!’ at an auto dealership on February 15, 2023 in Glendale, California. Mario Tama | Getty Images DETROIT – Wholesale used vehicle prices reached their lowest level of the year in May, as sales fell amid high interest rates and inflated retail prices. Cox Automotive reported Wednesday a 2.7% …