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Canada's Inflation Hits 3.2% — What It Means for Your Wallet

  Gas prices surged 33% year-over-year. Grocery bills keep climbing. And the Bank of Canada is walking a tightrope between fighting inflation and protecting a fragile economy. Here's the breakdown — and what comes next. MoneySavings.ca   |  June 23, 2026  |   Canadian Money Brief By the Numbers — May 2026 CPI Headline Inflation (year-over-year) 3.2% Previous Month (April 2026) 2.8% Market Expectations 3.0% Gasoline (year-over-year) +33.2% Grocery Inflation (year-over-year) +4.3% Fresh Vegetables (year-over-year) +9.0% Shelter Costs (year-over-year) +1.7% BoC Core Inflation (trimmed-mean) ~2.0% Bank of Canada Policy Rate 2.25% (held) Canada's inflation rate jumped to 3.2% in May 2026 , Statistics Canada reported Monday — beating analyst forecasts of 3.0% and marking the fastest annual increase since December 2023. Month-over-month, consumer prices rose a full 1.0%, with a seasonally adjusted gain of 0.5%. The headline number is uncomfortable. But the st...
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Toronto-Hamilton Condo Market Hits 35-Year Low Amid Rising Cancellations


New condominium sales in the Greater Toronto-Hamilton Area (GTHA) have plunged to their lowest level in 35 years, according to a new report from Urbanation Inc. Only 319 new condo units were sold in the third quarter of 2025, marking a 54% drop from the same period last year and a staggering 92% below the 10-year average.

The downturn has also triggered a wave of project cancellations. In Q3 alone, 10 projects totaling 2,499 units were scrapped, bringing the year-to-date total to 18 projects and more than 4,000 units cancelled—already surpassing the previous record set in 2018.

Analysts point to high interest rates, affordability challenges, and waning investor demand as key factors behind the slowdown. Developers, facing weaker pre-sale activity, are increasingly shelving projects rather than risk launching into a sluggish market.

The slump underscores the sharp reversal in a region once defined by relentless condo construction. With unsold inventory piling up and demand at historic lows, industry experts warn the market may be entering its most challenging period in decades.


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