Skip to main content

Featured

Russia Deploys Kalibr-Armed Warship to Mediterranean Amid Rising Tensions

On July 13, 2025, Russia deployed three warships to the Mediterranean Sea, one of which is armed with Kalibr cruise missiles , according to a report from the Ukrainian Navy. The missile carrier is capable of launching up to four Kalibr missiles , adding a new layer of strategic presence in the region. At the same time, Ukrainian officials confirmed that no Russian naval vessels  were detected in the Black Sea or the Sea of Azov  ,marking a shift in maritime focus. Over the past 24 hours, six vessels transited the Kerch Strai t toward the Black Sea, with three continuing toward the Bosphorus Strait , while five ships entered the Sea of Azov. This deployment comes amid ongoing hostilities in Ukraine, where Russian forces reportedly suffered significant losses in recent combat engagements. Analysts suggest the move may be part of a broader effort by Moscow to project power beyond its immediate borders , especially as tensions remain high across multiple fronts. The presence of Ka...
Post a Comment
Read more

article

Labels

Toronto Home Sales Rise for Third Consecutive Month Amid Falling Prices

 

Toronto’s housing market is showing signs of a cautious rebound, with home sales in the Greater Toronto Area (GTA) climbing for the third straight month in June. According to the Toronto Regional Real Estate Board (TRREB), seasonally adjusted sales rose 8.1% month-over-month to 5,068 units—the highest level since January.

Despite the uptick in activity, prices continued their downward trend. TRREB’s home price index dipped 0.9% to C$978,200, marking a continued decline since December. This combination of increased inventory and lower prices has shifted the balance of power toward buyers, who are now negotiating discounts and enjoying more choice in the market.

Why the Shift?

  • Lower borrowing costs: The Bank of Canada has slashed its benchmark interest rate by 2.25 percentage points since June 2024, making mortgages more affordable.
  • More listings: New listings rose 7.7% year-over-year, giving buyers more leverage and reducing the pressure of bidding wars.
  • Economic uncertainty: Ongoing trade tensions and a slowing economy have kept some sellers motivated and prices in check.

TRREB President Elechia Barry-Sproule noted that “homeownership is becoming a more attainable goal for many households in 2025,” thanks to improved affordability and increased supply.

While the market is still recovering from last year’s slump, the current trend suggests a more balanced playing field—at least for now.

Labels:

Comments

Post a Comment