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CBC | Business News
Canada's housing market continued to cool in July, with the average home price clocking in at $629,971 — a figure that drops by $104,000 when excluding the Greater Toronto Area and Vancouver markets.
Companies able to hike prices with inflation are seeing rising profits. Wages aren't keeping pace. Markets surged when U.S. inflation peaked, but a plunge in spending, a rise in wage demands, and more rate hikes could mean trouble ahead.
Some buyers who years ago purchased builds in a housing development north of Toronto are calling for government intervention after they were told they would need to fork over $175,000 above what was agreed upon in contracts before their homes will finally be built.
Travel industry experts say Europe has dealt with bouts of extreme weather in the past, but the types of challenges it has faced this summer have the potential to shift where and when people travel.
Hamburg hosts a week of escalating protests, with demonstrators saying liquefied natural gas is no solution to Europe’s Russian-government induced energy crisis. But German decision-makers have reached out to Canada about increasing exports.