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Slowdown in apartment rents continues to cool overall inflation in May

Bank of Canada's preferred 'core' inflation still not low enough to cut interest rates in July
A newly built apartment building in a housing development in Huntsville, Ontario. (Getty Images/iStockphoto)
A newly built apartment building in a housing development in Huntsville, Ontario. (Getty Images/iStockphoto)
CoStar Analytics
June 24, 2025 | 10:07 P.M.

Canada’s headline Consumer Price Index inflation came in at 1.7% on an annualized basis in May, maintaining the pace from April and in line with expectations for a 1.7% year-over-year print.

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