Inflation’s retreat opens a window — but don’t expect a rate cut
Travel costs also surged. Traveller accommodation prices in Ontario and British Columbia — concentrated in World Cup host cities Toronto and Vancouver — rose approximately 20% year over year in June. Air transportation costs, meanwhille, climbed 9.6% annually, their steepest increase since February 2023. For mortgage brokers, the read-through is clear. Leah Zlatkin, a licensed mortgage broker…