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September 29, 2026

Sparks at Bank

Sparks at Bank features insights and analysis from Bank of Canada economists and researchers. It takes its name from the intersection of Sparks and Bank streets in Ottawa where the Bank’s head office is located.

Why asking rents have surged in Canada since 2021

Sparks at Bank article Benjamin Straus
Renting has become significantly more expensive in Canada in recent years. Asking rents—those advertised for vacant units—rose sharply as demand grew faster than supply. As tenants move and sign new leases, changes in asking rents gradually spread to the average rents captured in the consumer price index.
September 25, 2026

Financial stability indicators

Get quarterly data for the indicators we use to track the evolution of the financial stability of the Canadian economy.

The budget pressures faced by different households since 2020

Sparks at Bank article Yaz Terajima
Although inflation has come down from pandemic highs, many households are still feeling the effects of higher prices. Between 2020 and 2025, younger and lower-income households generally saw spending outpace income gains while older and higher-income households fared better. Together, these differing experiences meant income gains for the average household kept up with higher spending.
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