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Relentless Push: Russia Claims Strategic Edge in Ukraine Offensive

  Servicemen of the 115th Separate Mechanised Brigade of the Ukrainian Armed Forces use an RPG-7 grenade launcher during training between combat missions, in Kharkiv region, Ukraine. Russia’s top military commander, General Valery Gerasimov, has declared that Russian forces are conducting a non-stop offensive along nearly the entire front line in Ukraine, asserting that the “strategic initiative” now lies with Moscow. According to Gerasimov, Russian troops have intensified airstrikes on Ukrainian cities far from the battlefield, including a recent attack on Kyiv that killed at least 23 people and wounded 38. He reported that since March, Russia has seized more than 3,500 square kilometers of territory , captured 149 villages, and now controls the vast majority of the Luhansk, Donetsk, Zaporizhzhia, and Kherson regions. The offensive has also pushed into Ukraine’s southeastern Dnipropetrovsk region, with seven villages reportedly under Russian control. Moscow says it has carried...
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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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