Inflation on the Rise! Rent Prices Soaring! Surprising By-Election Results! Real Estate Inventory Surge! Welcome to episode 187 of "Ruffled Feathers" with Vince Gaetano. Today, we're diving into some critical updates you don't want to miss. Inflation rates have unexpectedly increased for May, reaching 2.9%, up from April's 2.7%. What does this mean for potential interest rate cuts in July? Tune in to find out! Rents are skyrocketing across Canada, with increases of 8-9% per year, creating major challenges for renters. We'll discuss how this impacts the housing market and what the future holds with fewer building permits being issued. In political news, a stunning upset in Toronto's St. Paul's by-election could signal a shift in voter sentiment. We’ll explore what this means for the upcoming elections and the potential challenges any new government might face with a Senate stacked with Trudeau appointees. The real estate market is also heating up, with inventory on the rise but high-interest rates and tough qualifying criteria making it difficult for many buyers. We'll cover the latest MLS stats and what you need to know if you're in the market. Lastly, we'll discuss the City of Toronto's latest moves under Mayor Olivia Chow, including the introduction of a rent eviction bill and the use of goats for meadow maintenance. Is this really the best use of city resources?

At OwlMortgage.ca, we’re reframing mortgages. Gone are the days of daunting contracts that laden you with debt. Our educational and empathetic approach considers your needs and wants from your home to make it work for you. We offer a helping hand regardless of your learning style or where you are in your home-buying journey. Whether you're self-employed, salaried, or retired, and looking for a first home, renewing, refinancing or consolidating your debt, the team is here to help.

📩 vince@owlmortgage.ca | (416) 613-5363
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#mortgage #mortgagebroker #realestate #housingmarket #canada #interestrates #politics #toronto #ontario #canadianeconomy

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