Skip to main content

Featured

Strategic Alliances in a Shifting Global Landscape

In a world marked by geopolitical tensions and shifting alliances, Russian President Vladimir Putin and Chinese President Xi Jinping have positioned themselves as defenders of a new world order. Their recent meeting in Moscow, coinciding with the 80th anniversary of the end of World War II, underscored their commitment to countering Western influence and promoting a multipolar global system. During the talks, Putin and Xi emphasized their shared vision of international stability, rejecting what they described as "unilateralism and bullying"—a veiled reference to the United States. Xi reaffirmed China's support for Russia, highlighting their strategic partnership and mutual interests in shaping global governance. The leaders also pledged to safeguard the authority of the United Nations and advocate for the rights of developing nations. This alliance comes at a critical time, as both nations face economic and political challenges. Russia continues to navigate Western sancti...
Post a Comment
Read more

article

Labels

Toronto Condo Market Faces Historic Decline in Q3 Sales

 

The Toronto region’s condominium market is experiencing a significant downturn, with sales plummeting by 81% in the third quarter of 2024 compared to the same period last year. This dramatic drop marks the lowest quarterly total since the first quarter of 1995.

Only 567 new condos were sold in the third quarter, a stark contrast to previous years. This decline is not only a year-over-year issue but also represents an 87% decrease below the ten-year average for third-quarter condo sales.

Experts attribute this slump to a combination of factors, including rising interest rates, economic uncertainty, and a shift in buyer preferences towards other types of housing. The current market conditions have left many developers and investors concerned about the future of the condo sector in the Greater Toronto Area.

As the market continues to navigate these challenges, stakeholders are closely monitoring trends and potential policy changes that could help stabilize and revive condo sales in the coming quarters.


Labels:

Comments

Post a Comment

Popular Posts