5. 25 . Susanna streeter is a friend of the bbc and is waiting in the wings. I saw you react as soon as that announcement came up. Your reaction, please . Reaction, please . Yes, finally the Bank Of England reaction, please . Yes, finally the Bank Of England has reaction, please . Yes, finally the Bank Of England has pressed reaction, please . Yes, finally the Bank Of England has pressed the | reaction, please . Yes, finally the i Bank Of England has pressed the big red pause button on Interest Rate hikes and this will be a big relief for those consumers and those companies who have been really struggling with higher Borrowing Costs. And it is clear that that the drop in inflation in the year to august and also that caught rate of inflation, stripping out volatile food and fuel prices, really did come as a surprise because they voted with the majority of 5 4 to maintain the bank rate and to keep rates on hold. Whereas if you look at the last time they had to make this decision, only on
An overhaul of rental laws could help people such as Alyssa, who spends more than half her income on rent. However, there are fears changes could worsen the housing shortage.
Many renters across the country have benefitted from significant drops in Canada’s rental market over the past year, but according to a new report from Rentals.ca, the average national rent price is expected to go up by 3% by the end of 2021.
Rent prices, particularly in large cities like Toronto and Vancouver, saw steady decreases over the past year as the effects of the COVID-19 pandemic continued. The ability to work from home, a closed border, and online classes have all contributed to a higher than normal vacancy rate in the larger metropolitan areas, helping to drive down prices.