![]() ![]() LinkedIn Learning offers more than 18,000 courses, and its content is available in 7 languages. With such a diverse course catalog, LinkedIn Learning has something for everyone. In fact, all of the courses fall into one of three categories - business, technology, or creative. LinkedIn Learning is a professional online learning community.įormally known as Lynda, LinkedIn Learning purchased it, revamped it, and now has business-focused courses. At the same time, you're bringing up housing costs," she said.Are you looking for details about LinkedIn Learning pricing and wondering which plan is best for your needs? "We raised the interest rate to keep inflation low. "One of the biggest components of inflation is really housing expenses," she said, adding that higher interest rates as well as soaring real estate and rent costs contribute significantly to the country's overall inflation rate, which then prompts the central bank to raise rates to bring down inflation. Mok said she wouldn't be surprised if the central bank keeps raising rates - something that could backfire if the people at the helm of the nation's economy aren't careful. The Bank of Canada recently increased its key lending rate a quarter point to 4.75 per cent. "The thing is, if you take an extra loan like a line of credit, it's going to hurt the budget of the household or the person because it's coming from higher interest costs as well." "Salaries, wages and incomes are not increasing as fast as housing costs in general," she said, adding families might take out an extra line of credit to balance the household budget against increased housing costs. ![]() Wage and income growth hasn't kept pace with the growth of real estate and rent, reducing the spending power of individuals and families. Wages, compared to housing costs, have stayed relatively flat, said Diana Mok, an associate professor at Western University who studies the economics of real estate. How interest rate hikes can have the opposite effect on inflation The evidence is already there, with a net 20,000 people recently left Ontario for Alberta, driven west by the high cost of living in central Canada, Moffatt said. ![]() "Imagine a nurse or an electrician, or someone like that going, 'Okay, well, why would I stay here when I could move to a place like Alberta and pay significantly less for a home and oftentimes earn higher wages?'" It also harms businesses by making them less competitive, he said, especially when they're being forced to pay an employee more to make up for cheaper real estate in cities such as Calgary or Edmonton, where the average single-family home last month cost $674,000 and $512,000 respectively. "It's harmful to local businesses if individuals and families are paying a lot on either rent or interest costs - that's money they're not spending going to stores or going to restaurants." When families are spending more on rent or mortgages, it takes money away from what would otherwise be spent in the rest of the economy, Moffatt said. A report from the Canada Morgage and Housing Corporatation about household debt in May conclude that, at 107 per cent, Canadians have the worst household debt-to-GDP ratio of any G7 country. Debt, in general, is at record levels across the country. Interest rates are higher than they were back then, so monthly payments are up substantially."Įconomists say high housing costs can reduce worker mobility, making it more difficult for businesses to attract and retain the best talent. "We've seen the price of single-family homes nearly double in the last four to five years. How high housing costs affect local businesses "It's at crisis levels for both rent and single-family homes," said Mike Moffatt, a Western University economist and the senior director of policy at the Ottawa-based think tank The Smart Prosperity Institute, which has published a number of studies on the economics of housing in Ontario. The cost of rent in the city has risen about 90 per cent over the same period, driving the average cost for a one-bedroom apartment in London at $1,730 a month in April, according to the latest pricing report from online listing company rentals.ca. It comes as the price of a single-family home in the city nearly doubled over a four-year period to $743,195 - putting the dream of home ownership further out of reach for many middle-class families. Economists say high real estate prices in London, Ont., have put housing affordability at "crisis levels," damaging the economy by making it difficult for local businesses to attract and retain labour, while forcing families to spend more of their budgets on rent or servicing mortgage debt. ![]()
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