Inflation is continuing to hammer the wallets of Canadians as our lengthy cost of living crisis wages on, but it is no longer gas and grocery price...
Inflation is continuing to hammer the wallets of Canadians as our lengthy cost of living crisis wages on, but it is no longer gas and grocery prices causing the most damage.from Statistics Canada, the four per cent increase in the cost of consumer goods this August versus last is led by higher energy prices, and also higher rent and mortgage payments.
The amount that people coast to coast are dishing out for rent and mortgage bills, though, has soared six per cent from this time last year, which is 0.9 per cent higher than July's y-o-y spike. While rent hikes are accelerating at a faster rate month-over-month than mortgage increases, mortgage interest costs are up a shocking 30.9 per cent as of August .
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