Jessy Bains Jessy Bains is a Senior Reporter for Yahoo Finance Canada. He was previously with CBC News Network's business unit. Most Recent Canadian inflation hits the highest level since 1991 Consumer prices rose 6.7 per cent in March from the year before, says Statistics Canada. Canada real estate: Housing markets slow in March, still historically high Sales dropped in about half of the markets tracked, led by the Greater Toronto Area and Calgary. Banks rush to raise prime rates after Bank of Canada's hefty hike The banks moved quickly in response to the central bank's rate hike and Monetary Policy Report Wednesday morning. Bank of Canada hikes key interest rate by 50 basis points Canada's central bank hikes rates to tackle inflation. Canada jobs: Unemployment rate falls to lowest level on record Statistics Canada says the unemployment rate fell to 5.3 per cent, the lowest level since record keeping began in 1976. Canada home prices: Vancouver real estate rebounds in March The Real Estate Board of Greater Vancouver says 4,344 homes were sold last month, which is 26.9 per cent more than the 3,424 that changed hands in February. Mansion with unexpected wine cellar feature for sale for $24,500,000 in Toronto The French-style chateau is on a double lot in the prestigious Bridle Path neighbourhood. Canada's economy grows for eighth month in a row The 0.2 per cent increase was in line with estimates. Early estimates point to stronger growth in February. Canada real estate: Ontario tables bill to increase housing affordability Ontario plan takes aim at speculators and what the province calls unethical builders. 'Friends of the development industry': Ontario Land Tribunal's role called into question Toronto councillors say Ontario's land use appeals and dispute resolution process is flawed. Canada prices: Inflation at highest level since 1991 Inflation tops 5 per cent for the second straight month. Canada real estate: Buyers get more options while prices break more records The Canadian Real Estate Association says home sales rose 4.6 per cent in February compared to January. Canada jobs: Employment gains blow past expectations in February The unemployment rate is now lower than pre-pandemic, as Canada added 337,000 jobs in February. Rising mortgage rates will have a negative impact on household budgets: poll Owners and renters are walking a thin line trying to balance household budgets, according to a survey from Angus Reid Institute. Canada real estate: Toronto home prices jump despite slowing sales Prices were up 35.9 per cent year-over-year in February, and 6.5 per cent month-over-month, according to the Toronto Regional Real Estate Board. Royal Bank and TD raise prime rates after Bank of Canada hike The 25 basis point increase from each bank mirrors the Bank of Canada's hike, taking the rates from 2.45 to 2.70 per cent. Bank of Canada raises benchmark interest rate for the first time since 2018 The Bank of Canada noted in its release that "the unprovoked invasion of Ukraine by Russia is a major new source of uncertainty." Economy posts strong growth in Canada for 2021, with a stall in the final lap Statistics Canada data show Canada's economy grew 4.6 per cent for the year. Countries with the biggest real estate gap between buying and renting Buying real estate can be cheaper than renting in some countries, according to a report. Canada real estate: How Ontario parents help their children buy a home They are using various means, including outright cash gifts, to get their kids into the red-hot real estate market.