While the headline inflation rose to 2.4% due to energy costs, the CPI trimmed—which strips out food and energy—was at its lowest in five years at 2.2%, suggesting inflation remains largely anchored.
Historically, the Bank of Canada and the US Fed have moved in the same direction over the last 10 years, making US rate decisions a key indicator for Canadian homeowners.
Yes, because average Ontario home prices are roughly $100,000 to $125,000 lower than the 2021 peak, which can result in lower down payments and smaller mortgage amounts that offset higher rates.
