Blogs

For the 5th time in 2022, the Bank of Canada raised target overnight interest rates in a move to combat inflation. The rate jumped up by 0.75% on September 7th, bringing it to 3.25%. This is a 3% increase in the interest rate from the beginning of 2022, when it was just 0.25%. The next overnight interest rate increase is...

If you’re investing in commercial real estate (CRE), legal counsel is a necessity, not a luxury. If you don’t have a legal advisor when you’re acquiring a property or drafting lease contracts, you could be laying a bad foundation for your investment. Why? Let’s look at what CRE lawyers do and why it matters for you. Real Estate Lawyers, the...

Rising Interest Rates in Canada In June 2022, the Bank of Canada increased interest rates from 1% to 1.5%. This represents the largest jump in interest rates so far in 2022. Interest rates have been steadily rising since February with further hikes expected for the remainder of the year. Projected Interest Rate Trends Interest rates are projected to continue increasing....

Inflation is on the rise throughout Canada in all major consumer price categories, including costs to homeowners and homebuyers. Canadian Inflation in 2022 As of January 2022, inflation increased 5.1% year-over-year. This shows a major increase from the previous year, even in December 2021, inflation increased 4.8% year-over-year. Each month since January of this year has had higher inflation than...