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Storm Floris Unleashes Chaos Across UK and Ireland

                                                          People were seeking shelter from the storm at Portstewart Storm Floris Grounds Flights and Cuts Power to Thousands Storm Floris has battered parts of the UK and Ireland with winds reaching up to 90mph, causing widespread disruption to transport and power infrastructure. The storm, one of the most severe of the 2024–25 season, has led to hundreds of flight cancellations, blocked roads, and left tens of thousands without electricity. Air Travel Disrupted More than 150 flights were cancelled across northern Scotland and Northern Ireland, with Aberdeen and Belfast City airports among the worst affected. Some flights, including easyJet and KLM services, were forced to turn back mid-air due to dangerous landing conditions. Rail and Road Chaos Scotland’s rail netwo...
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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.


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