January 14, 2025

Inflation is Eating Away Your Wealth

Your dollars are losing value every day. Inflation isn’t just an economic term—it’s a reality shaping the prices you see at the gas station, grocery store, and in your rent or mortgage payments.
Here’s what’s happening:
According to Statistics Canada, Canada’s Consumer Price Index (CPI) has been increasing 2-4 % month over month over the past few years. While that number might not sound alarming, it has a big impact on your  wallet
A basket of goods that cost $100 a year ago now costs $103.40. Prices are climbing steadily, and while the Bank of Canada targets a 2% annual inflation rate, we’ve been well above that target for months. The result? Your purchasing power is shrinking.
A dollar that once bought you a solid basket of groceries now gets you less food, less fuel, and fewer goods overall. Holding onto cash might feel safe, but inflation is quietly eating away at it every day.
But there is a way to fight back.
Investing in hard assets like real estate can protect and grow your wealth. Real estate in Canada has a long history of not only keeping up with inflation but often outpacing it. With the right strategy, you can make inflation work for you instead of against you.  Real Estate Investing is a great hedge against inflation

David Giovanniello
Sales Representative
Century 21 First Canadian Corp Brokerage
david.giovanniello@century21.ca
519-777-0795