March’s CPI data shows headline inflation rose to 2.4%, up from 1.8% in February. However, economists are advising GTA homeowners and buyers to look past the headline numbers. The surge was primarily driven by a record 21% jump in gasoline prices due to global oil volatility, while core inflation measures—which exclude volatile energy costs—actually softened, hitting a five-year low for the trim measure at 2.2%.
For those navigating the Greater Toronto Area real estate market, the consensus is clear: the Bank of Canada is expected to maintain its policy rate at 2.25%. While energy-related price hikes may cause temporary fluctuations in the coming months, underlying inflationary pressures remain contained. This suggests that while mortgage renewal pain remains a reality for many, the central bank is unlikely to pivot to rate hikes. For more detailed analysis on how these trends impact your mortgage strategy, read the full report at [MPA Mag](https://www.mpamag.com/ca/mortgage-industry/industry-trends/economists-see-little-case-for-rate-hikes-after-marchs-cpi-jump/572355).
Source: Read the original article
