The consumer price index (CPI) measures inflation rates based on several consumer categories, but housing has the most significant impact. Housing accounts for more than one-third of the weighting in the CPI, which makes it the largest expense for an average US household, according to economists. The pandemic led to a hike in housing costs, …
Amidst China’s economic recovery after a spike in consumer and business activity early in the year, weak economic data has sparked conversations about the necessity of a boost in fiscal stimulus. Research firm China Beige Book highlighted that while prices in China’s housing market continue to rise, sales have slowed. Therefore, economists suggest that the …
Despite a significant slowdown in the housing market caused by increasing mortgage rates, the number of homes available for sale has plummeted to half of its 2019 levels. Sadly, not all buyers have been affected equally. A recent report by Realtor.com and the National Association of Realtors has shown that in May, buyers with an …
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 …