Ontario Housing Supply Has Hit a Critical Low: Here’s What We’re Reading Today

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Here’s what’s happening today:

1. New home prices more than double as supply dwindles

“The cost of a new low-rise home in the Toronto region has more than doubled in the last decade to $887,543 in June, up from $393,398 in 2006 — a trend that is being fed by a record low supply within the same period.

“A report on housing trends over the last decade from the Building Industry and Land Development Association (BILD) shows that the price on new low-rise homes, including detached, semi-detached and townhouses, has risen more than $100,000 in the last year alone.”

2. Turkey urges Canada to act against group it blames for failed coup

“The Turkish government is calling on Canada to ‘take the necessary steps’ to address what it describes as a terrorist organization responsible for last week’s failed coup.

“Turkish Consul-General Erdeniz Sen told The Globe and Mail’s editorial board Thursday that his country, which has detained thousands of people since the attempted coup, has ‘concrete evidence’ that the followers of the religious cleric Fethullah Gulen, who now lives in self-imposed exile in the United States, are behind the plot. Mr. Gulen has denied involvement.”

+1: Turkey will temporarily suspend the European human rights laws.

3. Is Peter Thiel shorting democracy?

“In a way, Peter Thiel has been waiting for Donald Trump his entire life. At his side, he might disrupt the greatest legacy operating system of all—liberal democracy.”

+1: Boris Johnson takes issue with Trump’s stance on NATO.

4. China wants to start editing human genes

“Chinese scientists are embarking on what appear to be the first human trials with the Crispr gene editing tool, the latest effort by the country’s researchers to master a technology that might someday be a potent tool in developing therapies worldwide.”

5. Are juiced baseballs the new steroids?

“In 2016, the typical major league plate appearance is more likely to result in a homer than ever before. And this onslaught happened quickly: Home runs on contact—the rate at which non-strikeout at-bats produce dingers — is up 35 percent compared with 2014, which has helped drive a scoring increase of 0.41 runs per team, per game.

“Naturally, many fans are wondering why.”