There was no significant difference in home sales in Canada in July as compared to June.According to the Canadian Real Estate Association, an increase of 8.7% though has been recorded in the sale of houses compared to the previous July.And this is the biggest year-on-year jump in the last two years.Home prices also increased by 6.3% compared to a year ago and the average price of a home was recorded at $668,000.

Inflation has started to rise again in Canada.According to a report released by Statistics Canada on Tuesday, inflation rose to 3.3 per cent in July, down from 2.8 per cent in June for the first time since March 2021.According to StatCan, higher gas prices contributed to the increase in inflation.Meanwhile, food prices at grocery stores rose to 8.5 percent, but food prices rose at a moderate pace in July compared to the 9.1 percent jump seen in June.Economists had already predicted that the inflation rate for the month of July may see a jump in the inflation rate.BMO and CIBC had forecast infl

A recall of 10,000 Kia cars has been issued in Canada and drivers have been asked to park the vehicles away from buildings due to the risk of fire.In the notice issued by Transport Canada, three models of Kia have been recalled. These include 2023 model Soul, Sportage and 2023-2024 model Seltos.Transport Canada said in a statement that a total of 10,757 vehicles sold by the Kia company in Canada have been recalled.According to the notice, the recalled vehicles may have defects in some electrical components, and may cause fire due to short-circuit and overheating.Kia advises drivers to park aff

In the month of July, the rent rate in Canada has broken all previous records.According to data from Rentals.ca and research firm Urbanation, the average rent in Canada was $2,078 in July, which is 8.9% more than July last year.This is the fastest increase in rent during the last three months.The reason for the increase in rent is considered to be post-secondary students signing leases before the fall, population growth, and interest rate increase that forced people are to put off their idea of buying houses.

The Ontario government's process for selecting safe greenbelt land for housing development was heavily influenced by a small group of developers with good ties to the government, a new report from Ontario's auditor general has revealed.A 95-page report released on Wednesday by Auditor General Bonnie Lysyk reviewed how the state government chose to exclude 810,000 hectares of farmland, forest and wetlands from the Greenbelt, which stretches from Niagara Falls to Peterborough.Lysyk explained that the selection process was not controlled by non-partisan public servants but primarily by Housing Mi

Provinces across Canada may have to agree to a 2035 'clean power' goal set by the federal government in order to receive billions of dollars in funding from Ottawa.This is because the federal government is now considering limiting tax credits and grants for power projects to states committing to zero-emission power projects.At the same time, Alberta has protested several times, saying that it will not be possible for it to meet this target before 2050.The Trudeau government's Energy Minister Jonathan Wilkinson and Environment Minister Steven Guilbeault made it clear in a document released on T

Health Canada has approved the first vaccine for RSV for adults aged 60 and older.Manufacturer GSK says the federal agency has approved the vaccine called Arexvy.Notably, doctors have been calling for the RSV vaccine for the elderly because they are more likely to get seriously ill and be hospitalized.The RSV season in Canada typically begins in late fall and lasts through spring.Company says the vaccine is 94 percent effective in preventing the disease in seniors with underlying medical conditions.

An increase in Canada's unemployment rate has been recorded for the third consecutive month.In the month of July, Canada's unemployment rate was 5.5%.Statistics Canada says the country lost a total of 6,400 jobs last month.According to the July data, the number of jobs in Canada is not increasing according to the population.The federal agency says the construction sector experienced the largest job loss last month, while the health care and social assistance sectors saw the largest job gain.

The Canadian government says it is investigating after a video circulated online threatening Indian diplomats in Canada.Public Safety Canada tweeted this week that Ottawa will ensure the safety of all diplomats in Canada, but the department would not provide details on whether a criminal investigation has been launched or which specific video is under investigation.Notably, some Canadian Sikhs have claimed that New Delhi was involved in the death of Surrey's Hardeep Singh Nijjar in the month of June, although police say they have no evidence of such a link.