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Toronto Housing Market Slips Below $1M as Prices Cool

                                                 Toronto's average housing price dropped below $1M last month The Toronto-area housing market has crossed a symbolic threshold, with the average home price falling below $1 million for the first time since 2021. The shift reflects a broader cooling trend driven by high borrowing costs, increased listings, and more cautious buyer behaviour. Real estate analysts note that elevated interest rates have pushed many prospective buyers to the sidelines, waiting for improved affordability or potential rate cuts. At the same time, more homeowners are listing their properties, easing the supply pressure that helped fuel rapid price growth during the pandemic boom. While the dip offers a measure of relief for buyers who have struggled with affordability, experts emphasize that the long-term outlook remain...
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Canadian Stocks Dip, Loonie Jumps as Trudeau Announces Resignation Plan


Canadian stocks experienced a slight dip on Monday following Prime Minister Justin Trudeau's announcement of his resignation. The S&P/TSX composite index fell by 0.4%, closing at 25,131.29 points. Meanwhile, the Canadian dollar, or "loonie," saw a near three-week high, briefly surging by approximately one percent before settling at around 69.7 cents US.

Trudeau stated that he would step down in the coming months after nine years in power, with parliament being prorogued until a successor is chosen. Investors reacted to the news with a mix of caution and optimism, reflecting both uncertainty about the political future and confidence in potential economic changes under new leadership.

The announcement has set off speculation about an early election and the possibility of a shift to a more fiscally conservative government, which markets generally favor. Analysts suggest that the loonie's rise indicates investor confidence in Canada's economic prospects with new leadership on the horizon.

As the country awaits further details on Trudeau's resignation and the Liberal Party's choice for his successor, the financial markets remain on edge, balancing the potential risks and opportunities of this political transition.




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