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Gaza Crisis Deepens as Israeli Strikes Kill 60 Amid Aid Shortages

  Israeli airstrikes have killed at least 60 people across Gaza, intensifying the humanitarian crisis in the region. The strikes targeted residential areas, including a family home and a school-turned-shelter, leading to significant civilian casualties.  Despite mounting international pressure, Israel has allowed only minimal aid into Gaza, far below the necessary levels to address the growing humanitarian needs. UN agencies report that while some trucks carrying food and medical supplies have entered, the amount remains insufficient compared to the 600 trucks per day that were permitted during a previous ceasefire.  The ongoing conflict has displaced nearly 90% of Gaza’s population, with many facing dire shortages of food, medicine, and shelter. International leaders, including those from Canada, France, and the UK, have urged Israel to ease restrictions and allow more humanitarian assistance.  As the situation worsens, calls for a ceasefire and increased aid contin...
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Average Asking Rents in Canada Reach Record $2,202 in May

 

A recent report by Urbanation and Rentals.ca reveals that the average asking rent for homes in Canada hit a record $2,202 in May. This represents a 9.3% increase compared to the previous year and a 0.6% rise from the previous month. Notably, this is the first time average rents have surpassed the $2,200 mark.

Key Findings:

  • One-Bedroom Units: The average asking rent for a one-bedroom unit in Canada was $1,927 in May, reflecting a 10.7% year-over-year increase.
  • Two-Bedroom Units: The average asking price for a two-bedroom unit reached $2,334, up 12.1% from the previous year.
  • Purpose-Built Rental Apartments: Asking rents for purpose-built rental apartments surged by 13.7% year-over-year, reaching an average of $2,146.
  • Condominium Apartments: Condo apartment rents grew at a slower rate, averaging $2,312 (up 3.4%).

All provinces experienced year-over-year increases in asking rents for both purpose-built and condo rentals. Saskatchewan led the way with a 21.4% gain, reaching an average of $1,334.

This report underscores the ongoing challenges in the Canadian rental market, with demand outpacing supply and driving up rents. As housing affordability remains a critical issue, policymakers and stakeholders must address these trends to ensure accessible housing options for all.


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