CPI rose 3.2% in July, but shelter inflation will continue to decelerate

The Consumer Price Index climbed 3.2% in the year through July, the first acceleration in 13 months. But that figure requires a closer examination. Inflation soared in June 2022 and was slightly slower the following month. When this year’s figures were measured against last year’s readings, June loo
Read MoreThe share of owner-occupants buying foreclosures has doubled — here’s why

The share of distressed property auction buyers who say they are owner-occupants nearly doubled over the last year, boosted by a game-changing government policy that took effect last August.The increasing share of owner-occupant buyers is also evidence that extremely tight housing inventory is promp
Read MoreBlend narrows losses in Q2, accelerates path to profitability in 2024

Mortgage tech firm Blend Labs narrowed its financial losses in the second quarter on the strength of its platform business as well as cost-cutting measures. Blend, whose white-label software processes billions in mortgage transactions for lenders, reaffirmed its goal of reaching profitability by 202
Read MoreChic Ultra-Modern Home Amps Up Tony Toronto Boulevard

Forest Heights Boulevard is a tony residential street in Toronto’s St. Andrew-Windfields area.
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