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Karachi Mall Inferno Leaves Dozens Missing and a City in Mourning

Emergency personnel search for survivors, following a massive fire that broke out in the Gul Plaza Shopping Mall in Karachi, Pakistan. A massive fire at Karachi’s Gul Plaza shopping mall has left at least 19 people dead and dozens more missing, plunging the city into shock as rescue teams continue searching through the burned structure. The blaze erupted over the weekend, rapidly engulfing the multi‑storey building that housed hundreds of small shops and stalls. Firefighters battled the flames for more than a day before gaining control, but large sections of the mall collapsed or were left dangerously unstable. Rescue workers have been combing through the debris, recovering bodies and searching for survivors as anxious families wait outside for news of loved ones. Authorities warn that the death toll may rise, with many victims still unaccounted for and several remains requiring DNA testing for identification. The incident has sparked public anger over emergency response times and r...
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Toronto Home Sales Fall in July After June Uptick, Prices Slightly Up

 

In July, Greater Toronto area home sales experienced a month-to-month decline of 1.7%, following a surprising 3.2% rise in June. These figures, reported by the Toronto Regional Real Estate Board (TRREB), broke a four-month streak of declining home deals. Despite this dip, average home prices edged up by 0.2% to reach C$1.13 million, the highest since December. Meanwhile, new listings decreased by 0.8%. 

The market’s anticipation of further rate cuts from the Bank of Canada has contributed to rising demand, with the central bank already reducing its key policy rate twice this year. As the cost of borrowing is expected to decline further, TRREB President Jennifer Pearce predicts accelerated sales due to lower monthly mortgage payments. On a year-over-year basis, sales were up by 3.28% in July, and new listings increased by 18.47%. Toronto, accounting for two-thirds of the country’s condominium sales, remains a bellwether for other major metropolitan areas.

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