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Russia’s Use of INF-Banned Missiles in Ukraine Sparks Global Alarm

                                                      File photo: The two leaders met in Alaska earlier this year Russia has reportedly deployed the 9M729 ground-launched cruise missile —a weapon once banned under the Intermediate-Range Nuclear Forces (INF) Treaty —against Ukraine, marking its first confirmed use in combat. The missile, capable of carrying either nuclear or conventional warheads, has an estimated range of up to 2,500 kilometers , far exceeding the 500 km limit once imposed by the treaty. Background The INF Treaty , signed in 1987 by U.S. President Ronald Reagan and Soviet leader Mikhail Gorbachev, prohibited ground-launched missiles with ranges between 500 and 5,500 kilometers. However, U.S. officials accused Russia of secretly developing the 9M729 in violation of the pact. This dispute ultimately led Presiden...
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Toronto’s Housing Market Plummets to a 13-Year Low Amidst Higher Mortgage Rates

 


Toronto’s housing market experienced a significant decline in 2023, with home sales dropping to a 13-year low. According to a report by the Toronto Regional Real Estate Board, the number of home sales in the Greater Toronto Area (GTA) fell by 11% compared to the previous year . This decline can be attributed to the rise in mortgage rates, which made it difficult for potential buyers to afford homes.

The average home sold price in the GTA for November 2023 was $1,051,180, which is a 7% drop compared to the previous month . The report also states that the GTA housing market has been in a deep buyer’s market for the past few months, with the sales-to-new-listings ratio (SNLR) being 40% in November 2023. This means that there are comparatively more properties available for purchase than buyers in the market, giving buyers more leverage in negotiating prices and terms. However, the GTA is now once again in a balanced market, with buyers losing favour as sellers regain some control in the market .


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