Money

Federal spending does fuel inflation, but it’s worth the hit: Desjardins – National

Federal spending does fuel inflation, but it’s worth the hit: Desjardins – National

A new report calls on Ottawa to stick to its spending plans amid criticism that the federal government isn’t doing enough to combat surging inflation, while some experts suggest policymakers could crack down on price gouging without adding fuel to the fire. Decades-high inflation levels in Canada have turned up the political heat on Ottawa …

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Rob Carrick: Paid off your mortgage? It might be time to invest in your house

It’s not just retirement saving that can be neglected in the years of raising a family and paying a mortgage. Home maintenance and improvement projects can also be bypassed or delayed if cash is tight. In a recent blog post, I looked at a reader question about what to do when your mortgage is paid …

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Sage Hill residents fight ‘alarming’ association fee collection – Calgary

Homeowners in the northwest Calgary community of Sage Hill are fighting back after they found letters taped to their doors demanding hundreds of dollars in association and legal fees. “I feel like it was uncalled for,” Sage Hill resident Nicole MacCallum said. “To be threatened, to be taken to court and lose your home, people …

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Inflation keeps rising, will recession follow? Experts say ‘batten down the hatches’ – National

The Bank of Canada’s efforts to tamp down on persistent inflation are increasing the odds of pushing the economy into a recession in the next year, according to some economists. Consumers should start preparing for a contraction now, experts say, as the threat of layoffs and leaner days looms on the horizon. Armine Yalnizyan, economist …

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Nearly half of Canadian tenants will continue to rent indefinitely: survey – National

Almost half of Canadians who rent expect to continue doing so indefinitely and aren’t sure when they’ll be able to get into the housing market, says a new survey. Renters surveyed by insurance firm Canada Life cited a lack of cash, fear and uncertainty as reasons for staying on the sidelines, with almost 73 per …

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Alberta UCP leadership candidate Danielle Smith promises immediate sovereignty act

One of the front-runners to replace Jason Kenney as Alberta’s premier says if she wins, legislation would come this fall to ignore federal laws along with steps to create a provincial police force and tax-collection agency. Danielle Smith said the legislature would need to pass an Alberta sovereignty act as soon as possible to allow …

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Canada needs ‘all hands on deck’ to fill housing supply gap: CMHC

Canada’s current pace of homebuilding will see the country facing a gap of 3.5 million units by 2030, falling well short of the bar for housing affordability, according to a new report. The Canada Mortgage and Housing Corp. (CMHC) published its latest analysis on Canada’s housing stock challenges Thursday. The agency projects that Canada will …

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