The historic rise of rental costs in Canada
The latest Consumer Price Index (CPI) numbers revealed what BMO’s chief economist calls the “new villain” of inflation: rent. While inflation is finally cooling for items such as groceries, the price for renting a place to live has increased 8.2 per cent – the largest increase in more than 40 years. Matt Lundy is an economics reporter with The Globe’s Report on Business. He’s on the show to explain why rents keep climbing and whether there’s any relief in sight.
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Show Notes
The latest Consumer Price Index (CPI) numbers revealed what BMO’s chief economist calls the “new villain” of inflation: rent. While inflation is finally cooling for items such as groceries, the price for renting a place to live has increased 8.2 per cent – the largest increase in more than 40 years.
Matt Lundy is an economics reporter with The Globe’s Report on Business. He’s on the show to explain why rents keep climbing and whether there’s any relief in sight.
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