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Claim Your Share: Navigating the $500-Million Bread Price-Fixing Settlement

  Canadians who purchased packaged bread between January 1, 2001, and December 31, 2021 , may be eligible for compensation from a $500-million class-action settlement . This lawsuit accused major grocery chains, including Loblaw Companies Ltd. and George Weston Ltd. , of participating in a price-fixing scheme that artificially inflated bread prices. Who Can Apply? Eligible claimants include individuals and businesses that bought packaged bread in Canada during the specified period. The settlement covers most packaged bread products , but excludes fresh in-store baked goods, artisan loaves, and frozen bread. How to File a Claim Once the settlement process is finalized, an online claims porta l will be available for submissions. Claimants will need to provide details about their bread purchases, though proof of purchase is not required for claims up to $25 . Those who previously received a $25 Loblaw gift card  in 2018–2019 can still apply, but the gift card amount will be deduc...
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Average Asking Rents in Canada Reach Record $2,202 in May

 

A recent report by Urbanation and Rentals.ca reveals that the average asking rent for homes in Canada hit a record $2,202 in May. This represents a 9.3% increase compared to the previous year and a 0.6% rise from the previous month. Notably, this is the first time average rents have surpassed the $2,200 mark.

Key Findings:

  • One-Bedroom Units: The average asking rent for a one-bedroom unit in Canada was $1,927 in May, reflecting a 10.7% year-over-year increase.
  • Two-Bedroom Units: The average asking price for a two-bedroom unit reached $2,334, up 12.1% from the previous year.
  • Purpose-Built Rental Apartments: Asking rents for purpose-built rental apartments surged by 13.7% year-over-year, reaching an average of $2,146.
  • Condominium Apartments: Condo apartment rents grew at a slower rate, averaging $2,312 (up 3.4%).

All provinces experienced year-over-year increases in asking rents for both purpose-built and condo rentals. Saskatchewan led the way with a 21.4% gain, reaching an average of $1,334.

This report underscores the ongoing challenges in the Canadian rental market, with demand outpacing supply and driving up rents. As housing affordability remains a critical issue, policymakers and stakeholders must address these trends to ensure accessible housing options for all.


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