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Saturday, 15 August 2026 Reading Room
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World

Backpack programs help kids in need with supplies ahead of back-to-school

The Beyond Backpacks initiative was born in Toronto, and has supported thousands of families as it expanded across the country. On Saturday, 1,000 backpacks were distributed to low-income families across Alberta.

calgaryherald.com ·

We haven't written up this one. Calgary Herald has the full story — the link below goes straight to it.

Read the original at calgaryherald.com →

More in World

Apartment Investment: Higher Interest Rates Lead to a Chain Reaction of Rent Increases - Owners' and Tenants' Thoughts The recent surge in interest rates has sent shockwaves through Japan's apartment investment market, triggering a chain reaction of rent increases. This has left many apartment owners, who have taken out large loans to purchase their properties, scrambling to make ends meet. At the same time, tenants are also feeling the pinch, as they face the prospect of higher rents. In Tokyo, for example, some apartment owners are being forced to raise rents in order to keep up with their mortgage payments. One owner, who wished to remain anonymous, said that his monthly mortgage payment had increased by 20% over the past year. "It's getting to the point where I'm not sure if I can continue to make ends meet," he said. Another owner, who owns a small apartment in Osaka, said that she had been forced to raise her rent by 10% in order to keep up with her mortgage payments. "I feel terrible about raising the rent, but I have no choice," she said. Tenants are also feeling the strain. "I've already seen my rent increase by 5% this year," said one tenant in Tokyo. "If it goes up again, I don't know if I can afford to stay here," he said. The situation is not expected to improve anytime soon, as interest rates are likely to remain high for the foreseeable future. As a result, apartment owners and tenants alike are bracing themselves for further rent increases. The government has announced measures to help support apartment owners, including subsidies for those who are struggling to make their mortgage payments. However, it remains to be seen whether these measures will be enough to mitigate the impact of the rent increases. For now, apartment owners and tenants will have to wait and see how the situation unfolds.

·asahi.com

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