Hamilton Police have released an image of two men wanted in the robberies of at least two convenience stores on the Mountain.The first incident occurred on June 3 at The Big Bear convenience at 580 Fennell Ave.Police say the two entered the store with a weapon around 4:30 a.m. and stole merchandise.Then around 2 a.m. on June 5, police were called to a robbery at the The Jug City Convenience Store at 1394 Upper Gage Ave.Police say two men entered the store and stole cigarettes and money.One of them had a weapon.The first man is said to be six-feet tall with a thin build and light brown skin. He was wearing a grey sweatshirt.The second is said to be shorter with a large build and was wearing a maroon-coloured sweatshirt.Police say the suspects could be involved in other robberies but investigators are still reviewing evidence. Anyone with information is asked to call police.
Home sales across Canada fall 6.7 per cent, biggest monthly drop in seven years OTTAWA – Home sales in June posted their largest monthly drop in seven years, driven by a plunge in the Greater Toronto market, the Canadian Real Estate Association said Monday, the latest evidence that a cool-down in the housing sector is taking hold.Transactions last month were down 6.7 per cent compared with May on a national basis, the third consecutive monthly decline, with the Greater Toronto Area registering a 15.1 per cent drop.Home sales are down 14.1 per cent from the record level set in March.“Changes to Ontario housing policy made in late April have clearly prompted many homebuyers in the Greater Golden Horseshoe region to take a step back and assess how the housing market absorbs the changes,” CREA chief economist Gregory Klump said in a statement.“The recent increase in interest rates could reinforce a lack of urgency to purchase or, alternatively, move some buyers off the sidelines before their pre-approved mortgage rate expires. In the meantime, some move-up buyers who previously purchased a home before first selling may become more motivated to reduce their asking price rather than carry two mortgages.”Sales were down from the previous month in 70 per cent of all local markets measured by CREA, including the Lower Mainland in B.C., Montreal and Quebec City.The Ontario government moved earlier this year to cool the Toronto real estate market, bringing in more than a dozen measures including a 15 per cent tax on foreign buyers. Since then, sales in Canada’s largest city have slowed.Separately, mortgage interest rates have started to rise in recent days. That came after the Bank of Canada raised its key interest rate last week by 25 basis points to 0.75 per cent, a move that prompted the big banks to increase their prime rates. Rates for new fixed-rate mortgages also ticked up in anticipation of the central bank rate hike.Compared with a year ago, national home sales in June were down 11.4 per cent.TD Bank economist Diana Petramala said that after growing this year, home prices are expected to fall next year.“Much of that weakness will be concentrated in markets in Ontario and B.C., where households are particularly sensitive to higher mortgage rates given the stretched affordability,” Petramala wrote in a note to clients.“Elsewhere in the country, the improving economic conditions should help offset some of the impact of gradual interest rate hikes, with home prices and sales expected to trend higher.”The national average price for a home sold in June was $504,458, up 0.4 per cent from a year ago. Excluding Greater Vancouver and Greater Toronto, the national average price was $394,660, up 5.8 per cent.The aggregate composite Multiple Listing Service home price index for June was up 15.8 per cent compared with a year ago. A “For Sale” sign is shown in front of west-end Toronto homes Sunday, April 9, 2017. Home sales in June posted their largest monthly drop in seven years, driven by a plunge in the Greater Toronto market, the Canadian Real Estate Association said Monday, the latest evidence that a cool-down in the housing sector is taking hold. THE CANADIAN PRESS/Graeme Roy by Craig Wong, The Canadian Press Posted Jul 17, 2017 7:11 am MDT Last Updated Jul 17, 2017 at 11:00 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email