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Territorial Disputes Dominate Geneva Peace Talks

US President Donald Trump's son-in-law Jared Kushner, US Special Envoy Steve Witkoff, US Secretary of State Marco Rubio, US Army Secretary Daniel Driscoll sit before closed-door talks with Head of the Office of the President of Ukraine Andriy Yermak  (not pictured) on ending Russia's war in Ukraine, at the US Mission in Geneva, Switzerland. Negotiators from Russia and Ukraine convened in Geneva for a new round of U.S.-mediated peace talks, with territorial disputes emerging as the central point of contention. The discussions, held over two days, come amid heightened pressure from U.S. President Donald Trump, who has urged Kyiv to “come to the table fast” in pursuit of a settlement.  Both sides remain deeply divided over land claims, which have become the primary obstacle to progress. The Kremlin has signaled that territorial issues will dominate the agenda, while Ukrainian President Volodymyr Zelenskyy has voiced concerns that Kyiv is facing disproportionate p...
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Toronto Home Sales Fall in July After June Uptick, Prices Slightly Up

 

In July, Greater Toronto area home sales experienced a month-to-month decline of 1.7%, following a surprising 3.2% rise in June. These figures, reported by the Toronto Regional Real Estate Board (TRREB), broke a four-month streak of declining home deals. Despite this dip, average home prices edged up by 0.2% to reach C$1.13 million, the highest since December. Meanwhile, new listings decreased by 0.8%. 

The market’s anticipation of further rate cuts from the Bank of Canada has contributed to rising demand, with the central bank already reducing its key policy rate twice this year. As the cost of borrowing is expected to decline further, TRREB President Jennifer Pearce predicts accelerated sales due to lower monthly mortgage payments. On a year-over-year basis, sales were up by 3.28% in July, and new listings increased by 18.47%. Toronto, accounting for two-thirds of the country’s condominium sales, remains a bellwether for other major metropolitan areas.

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