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                      White House touts Trump’s ‘bold vision’ for towering Independence Arch for America 250. A bold new monument proposal is stirring debate across the United States after Donald Trump announced his support for constructing a 250‑foot “Independence Arch” in Washington, D.C. The idea, which he described as a tribute to America’s upcoming 250th anniversary in 2026 , would create one of the tallest commemorative structures in the capital—towering more than twice the height of the Lincoln Memorial. According to reporting from multiple news outlets, the proposed arch would serve as a national symbol celebrating American history, unity, and resilience. Supporters argue that a new landmark could energize the nation’s semiquincentennial celebrations and boost tourism. Critics, however, question the cost, the timing, and the political motivations behind launching such a massive project during a period of economi...

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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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