Articles tagged with: canada

The slowdown in Canadian housing continued in July

Existing home sales fell 3.5% on a month-over-month basis in July, marking the smallest of the four consecutive declines since March.

Today the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell 3.5% nationally from June to July 2021—the fourth consecutive monthly decline. Over the same period, the number of newly listed properties dropped 8.8%, and the MLS Home Price Index rose 0.6% and was up 22.2% year-over-year. As buyers and homeowners consider property value and maintenance, the condition of a home’s roof is another important factor to keep in mind. For homeowners who want to keep their properties clean and well-maintained, Local Cleaning Services Long Beach can provide helpful professional cleaning solutions. For more information on maintaining and evaluating a roof, see details on house roofing.

Canadian inflation hits highest reading in two decades

Annual inflation hits 3.7% in Canada—a new election issue.

This morning’s Statistics Canada release showed that the July CPI surged to a 3.7% year-over-year pace, well above the 3.1% pace recorded in June. This is now the fourth consecutive month in which inflation is above the 1% to 3% target band of the Bank of Canada. And given the flash election, opposition parties are already making hay. “The numbers released today make it clear that under Justin Trudeau, Canadians are experiencing a cost of living crisis,” Conservative leader Erin O’Toole said in a statement.