Real Estate

Canadian Real Estate Is Once Again Inflationary, Reinforces Need For Hikes: BMO

Canadian real estate prices are rising, and that’s bad news if you’re looking for cheap credit. Statistics Canada (Stat Can)  reported new home prices made the first increase in nearly a year. In a research note to investors, BMO warned the increase is just one of many housing data points that shows shelter is back to driving inflation. That helps to justify the recent central bank rate hike, and potentially opens the door to further hikes. 

Canadian New Home Prices Return To Growth

New home prices made a small increase, but more importantly ended the losing streak. Stat Can reported the price of a new home increased by 0.1% in May, the first increase since August 2022. Builders attributed the increase to higher labor and material costs, which are still trickling into prices. 

Even though it’s a small increase, it’s a concern to see price growth return already. “The size

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