Home prices in Canada continued to rise last month, the fourth consecutive monthly increase.
That's according to Teranet-National Bank's composite index for July, which was up 2.4 per cent from June.
Eight of the 11 markets in the composite index were up in July led by Halifax at 4.9 per cent, Vancouver at 3.9 per cent and Toronto at 3.5 per cent.
Prices were down 1.2 per cent in Quebec City, 0.9 per cent in Montreal and 0.3 per cent in Calgary.
Mounties in Ridge Meadows say they are investigating an assault at a local school. They say officers responded to the incident at a school at 116-B Avenue around 9:40 P-M on Saturday – outside of regular school hours.
The hike is aimed at quelling inflation, which has proved stubborn, not moving down quickly enough toward the central bank's target of two per cent. However, the hike is also bound to weigh on those hunting for homes or holding mortgages.
As the economy continues to outperform expectations, the Bank of Canada has chosen to act sooner rather than later to clamp down on inflation, raising interest rates by a quarter of a percentage point on Wednesday. Its key interest rate now sits at 4.75 per cent, the highest it’s been since 2001.
Connor McTavish and three companions had just planned to explore the site of a shipwreck in Alberni Inlet on Vancouver Island last month when he spotted something in the corner of his eye — a two-metre-long sixgill shark. McTavish and fellow divers Garrett Clement, Danton West and Matteo Endrizzi had made the trip from Nanaimo, B.C., to explore the waters of the inlet in late May.
Travellers from the 13 countries can qualify for the faster, cheaper option if they have either held a Canadian visa in the last 10 years or currently hold a non-immigrant visa to the United States and are travelling by air.
R-C-M-P say officers responded to a suspicious fire on Sunday at the Bankhead Convenience Store on Bernard Avenue. No injuries were reported in the fire.