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Average rent in Canada up nearly 12% year-over-year to almost $2000: report

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Average rent in Canada rose nearly 12 per cent year-over-year last month to almost $2,000, a new national report has found.

The latest National Rent Report from Rentals.ca and the Toronto real estate research firm Urbanation shows average rent prices rose 11.8 per cent in October, or $209, compared to the same month last year to an average of $1,976 across all property types.

The data includes vacant single- and semi-detached homes, townhouses, condominium apartments, rental apartments and basement apartments.

This is more than double the 5.6 per cent annual increase in average hourly wages in Canada, the report’s authors say.

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Average rent in October rose 2.2 per cent from September. It was also seven per cent or $130 higher compared to the pre-pandemic high of $1,845 in October 2019, the report says.

“The unprecedented growth in rents underway is broad-based across Canada, with most markets reporting double-digit annual rent inflation,” Shaun Hildebrand, president of Urbanation, said in a news release.

“The rental market keeps getting hotter with each interest rate increase, coupled with a record high increase in the population. The need to ramp up rental supply has never been greater.”

Vancouver topped a list of 35 cities with an average monthly rent in October of $2,576 for a one-bedroom home and $3,521 for a two-bedroom — up 17.2 and 16.1 per cent, respectively, year-over-year.

Toronto ranked as the second most expensive city to rent at $2,478 for a one-bedroom and $3,319 for a two-bedroom. Both were up 23.7 and 23.8 per cent, respectively, compared to the same month in 2021.

Among the next most expensive cities on the list were Burnaby, B.C.; Etobicoke, Ont.; Burlington, Ont.; Victoria, B.C.; and Oakville, Ont.

Grande Prairie, Alta., had the cheapest rent out of the 35 cities analyzed for the report at $968 for a one-bedroom and $1,173 for a two-bedroom, both of which were up eight and 9.7 per cent, respectively, year-over-year.

The ranking is based on the average cost of a one-bedroom unit.

The news comes as the Bank of Canada has tried to control rising inflation this year through interest rate increases — hiking its overnight rate target six consecutive times since March.

After falling consistently throughout 2020, the report shows that average rent prices started to rise in spring 2021 and began to see year-over-year increases by fall 2021.

With files from The Canadian Press

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Conservatives are ‘fearmongering’ over assault-style gun ban: public safety minister

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OTTAWA — Public Safety Minister Marco Mendicino accuses the Conservatives of “whipping up fear” that the Liberal government is outlawing ordinary long guns and hunting rifles.

In an interview, Mendicino says the government only wants to reinforce a regulatory ban on assault-style firearms like the AR-15 by enshrining a definition in legislation, and it is prepared to work with MPs to get it right.

He insists the government has no intention whatsoever of going after everyday long guns and hunting rifles, calling the notion “Conservative fearmongering.”

In May 2020, the Liberal government announced a ban through order-in-council on over 1,500 models and variants of what it considers assault-style firearms, such as the AR-15 and the Ruger Mini-14.

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The Liberals recently proposed including an evergreen definition of a prohibited assault-style firearm in gun-control legislation being studied by a House of Commons committee.

The Conservatives claim the government’s amendment amounts to the most significant hunting rifle ban in the history of Canada.

This report by The Canadian Press was first published Nov. 28, 2022.

 

The Canadian Press

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Joly seeks reprimand of Russian ambassador as embassy tweets against LGBTQ community

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OTTAWA — Foreign Affairs Minister Mélanie Joly has asked her department to summon Russia’s ambassador over social media postings against LGBTQ people.

In recent days, Russia’s embassy in Ottawa has posted on Twitter and Telegram that the West is imposing on Russia’s family values, and arguing that families can only involve a man, a woman and children.

The embassy has posted images of a crossed-out rainbow flag and Orthodox icons of Adam and Eve.

The tweets came as Russia expanded a ban on exposing children to so-called homosexual propaganda, meaning authorities can now prosecute Russians for doing things they argue might entice adults to be gay or transgender.

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Joly’s office says the posts amount to “hateful propaganda” that must be called out and “an attack on the Canadian values of acceptance and tolerance.”

If Global Affairs Canada follows Joly’s request, it will be the third time the department has summoned ambassador Oleg Stepanov this year.

This report by The Canadian Press was first published Nov. 28, 2022.

 

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Work hard and never give up, Michelle O’Bonsawin says during Supreme Court welcome

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OTTAWA — The newest member of the Supreme Court of Canada says her journey has not been an easy one, but it has been meaningful and rewarding.

Members of the legal community and Michelle O’Bonsawin’s fellow judges welcomed her to the bench in a ceremony today.

O’Bonsawin, who replaced the retiring Michael Moldaver on Sept. 1, is a bilingual Franco-Ontarian and an Abenaki member of the Odanak First Nation.

O’Bonsawin says she is a big believer that if a person has a goal, works hard and never gives up, they can achieve their dreams.

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She adds that while she has made mistakes and fallen down, those missteps have been her teacher.

Richard Wagner, the chief justice of Canada, praises O’Bonsawin’s generosity and volunteer activities, noting she shares his passion for open courts, access to justice and education.

This report by The Canadian Press was first published Nov. 28, 2022.

 

The Canadian Press

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