It has not been an easy year for Canadians financially.
Decades-high inflation and soaring interest rates have led many to take a closer look at their spending habits and, consequently, make some tough choices.We deliver the local news you need in these turbulent times on weekdays at 3 p.m.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
The pair secured the financing they needed to buy their first home together just a few weeks ago after a stressful, months-long search coinciding with rising inflation and interest rates.“It’s a beautiful view. I love it,” said Daynes. “With all the stress and headache that we went through to get a mortgage, we’re really just signing on to make the transaction.”Article contentDaynes said it doesn’t make sense that it was so hard for them to secure financing for an entry-level condo given their earnings and substantial down payment.— By Brenna Owen in VancouverThe price of a loaf of bread at grocery stores these days is too much to justify for Ottawa resident Jeff Lowe.
When looking for a plane ticket last month, Jourdain said she was shocked to find prices for the normally $500 round-trip flight had skyrocketed to around $1,200.Article content Many students have other day-to-day expenses to consider before travelling internationally, Jourdain said.Instead of celebrating the holidays abroad, Jourdain will stay in Montreal and spend time with extended family and friends.Article content— By Caitlin Yardley in MontrealMisha Subramanyam wishes she could further indulge her nine-year-old son’s love of museums and art galleries.
“ definitely buying less … I can’t remember buying anything for myself this season. I just decided to concentrate on the kids and what they need.”
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