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Smart Celebrations: How to Stretch Your Holiday Budget Without Sacrificing Joy

  The holiday season often brings cheer, but it can also strain wallets. With rising costs and endless temptations, keeping spending under control requires a thoughtful approach. Here are some practical strategies to help you celebrate without financial stress: Set a clear budget : Decide how much you can afford before shopping, and stick to it. Prioritize experiences over things : Shared activities like baking, movie nights, or volunteering can be more memorable than expensive gifts. Shop smart : Compare prices online, take advantage of seasonal sales, and avoid last-minute splurges. Give creatively : Handmade gifts, personalized notes, or “time vouchers” (like babysitting or cooking a meal) often mean more than store-bought items. Limit impulse buys : Make a list before hitting the stores—or browsing online—and resist adding extras. Plan ahead for next year : Start a small savings fund in January to ease the burden when the holidays roll around again. By focusing on tho...
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Average Rent in Canada Hits All-Time High in 2024

 

According to a report by Rentals.ca, the average rent in Canada has reached an all-time high of $2,178 per month, showcasing an 8.6% increase from the same period in 2022 . The report also notes that the rental market will remain undersupplied in 2024, though a shift toward greater balance is expected . Rent growth is projected to converge toward its five-year average of approximately 5% .

The increase in rental costs shows no signs of slowing down, with one-bedroom purpose-built and condo rentals seeing the biggest increase (+13% YoY), averaging $1,850 . The average rent for two bedrooms came in at $2,192, while for three bedrooms, the average was reported at $2,413.

The outlook for renters in Canada in 2024 is not very optimistic, as the rental market is expected to remain tight. However, the report suggests that the rental market will become more balanced in the coming years.


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