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Tehran Rocked by Renewed Israeli Strikes as Iran’s Leadership Council Assumes Control

  A woman reacts as she holds a placard with an image of Iranian late Supreme Leader Ayatollah Ali Khamenei, at a rally in solidarity with Iran after U.S. and Israeli strikes killed Ali Khamenei, in Beirut, Lebanon. Israel has launched another wave of airstrikes on Tehran, intensifying a rapidly escalating regional crisis just one day after the assassination of Iran’s Supreme Leader, Ali Khamenei. According to multiple reports, Israeli officials said the renewed strikes were intended to maintain air dominance as Iran faces its most significant leadership vacuum in decades.  The power void left by Khamenei’s killing has prompted Iran to activate a leadership council to stabilize governance. Inside the country, reactions have been sharply divided—some mourning the long‑time leader, others openly celebrating his death, revealing deep internal fractures.  The military confrontation has widened beyond Iran’s borders. Iran has retaliated with missile barrages targeting Israe...
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New Mortgage Policies Expected to Drive Canadian Home Prices Higher in 2025

 

According to a recent analysis by TD Economics, new federal mortgage policies are set to boost Canadian home prices in 2025. These policies, which include raising the cap on insured mortgages and extending amortization periods for first-time homebuyers, are expected to provide a secondary tailwind to the housing market.

The new measures, effective December 15, 2024, will increase the insured mortgage cap from $1 million to $1.5 million, allowing more Canadians to qualify for mortgages with lower down payments. Additionally, first-time homebuyers and purchasers of new builds will be able to take out loans with a 30-year amortization period.

TD Economics predicts that these changes will result in home sales and average prices being two to four percentage points higher by the end of 2025 than they would have been without the new policies. However, the report also warns that the initial boost in affordability may erode over time, potentially slowing sales volume and price growth by the end of 2026.

While these policies are not expected to trigger a housing boom on their own, they will complement lower interest rates and improving economic conditions, contributing to a more robust housing market. The changes come amid an ongoing affordability crisis driven by population growth, sluggish new construction, and inflation.

Overall, the new federal mortgage policies aim to make homeownership more accessible to Canadians, particularly younger generations, while also addressing the broader housing market challenges.


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