Darpan News Desk The Canadian Press, 16 Aug, 2023 10:35 AM
The annual pace of housing starts in July fell 10 per cent from June when they posted their strongest showing of the year.
Canada Mortgage and Housing Corporation reports the annual pace of urban starts was down 11 per cent, the rate of multi-unit urban starts fell 12 per cent and the pace of single-detached urban starts dropped four per cent.
C-M-H-C says housing starts fell 23 per cent in Vancouver but rose 33 per cent in Calgary.
Mario Dion retired in February after serving as the last permanent ethics and conflict-of-interest commissioner. A longtime staffer in that office, Martine Richard, took on an interim role in April — but she resigned within weeks amid controversy around the fact she is the sister-in-law of Intergovernmental Affairs Minister Dominic LeBlanc.
New data from the Public Health Agency of Canada suggests that COVID-19 infections may be slowly starting to rise again in Canada. On its website, the agency says there are signs of continued fluctuations in some COVID-19 activity indicators after a long period of gradual decline.
The inflation rate rose to 3.3 per cent in July, a development that economists warn spells bad news for the Bank of Canada. Forecasters say the latest report raises the odds of an interest rate hike next month, despite other signs of economic softening, including rising unemployment.
The Fraser Canyon communities of Lytton and Lillooet both broke the 40 C mark on Monday, with Lytton reaching 41.4 C and Lillooet slightly behind, while the southern Okanagan community of Osoyoos was expected to join the 40-plus club by the end of the day.
Sean Fraser says the federal government is looking at a number of ways to work with provinces and municipalities to speed up the construction of housing through subsidies and other incentives and drive prices down.
Police in Vancouver say a 54-year-old man is facing multiple charges after he allegedly chased a group of teenagers with a knife. They say a 16-year-old boy called 9-1-1 to report he and his friends were being threatened by an armed stranger.