Skip to main content

Featured

G7 Foreign Ministers Meet in Niagara to Hear Ukraine’s Plea Amid Escalating War

Top diplomats from the Group of Seven (G7) nations gathered in Niagara-on-the-Lake, Ontario , for high-stakes talks with Ukraine’s Foreign Minister as Russia intensifies its assault on Ukraine’s power grid. The meeting, hosted by Canada’s Foreign Affairs Minister Anita Anand , comes at a critical moment as rolling blackouts sweep across Ukraine ahead of winter. Foreign ministers from Canada, the United States, the United Kingdom, France, Germany, Italy, Japan, and the European Union posed for a family photo before beginning discussions. Ukraine’s foreign minister is expected to brief the group on the humanitarian and security consequences of Russia’s latest attacks, which have left millions vulnerable to freezing temperatures. The summit is not limited to Ukraine. Ministers are also addressing broader geopolitical challenges, including instability in the Middle East and shifting trade relationships. Still, Ukraine remains the centerpiece of the agenda, with G7 leaders reaffirming ...
Post a Comment
Read more

article

Labels

Toronto-Hamilton Condo Market Hits 35-Year Low Amid Rising Cancellations


New condominium sales in the Greater Toronto-Hamilton Area (GTHA) have plunged to their lowest level in 35 years, according to a new report from Urbanation Inc. Only 319 new condo units were sold in the third quarter of 2025, marking a 54% drop from the same period last year and a staggering 92% below the 10-year average.

The downturn has also triggered a wave of project cancellations. In Q3 alone, 10 projects totaling 2,499 units were scrapped, bringing the year-to-date total to 18 projects and more than 4,000 units cancelled—already surpassing the previous record set in 2018.

Analysts point to high interest rates, affordability challenges, and waning investor demand as key factors behind the slowdown. Developers, facing weaker pre-sale activity, are increasingly shelving projects rather than risk launching into a sluggish market.

The slump underscores the sharp reversal in a region once defined by relentless condo construction. With unsold inventory piling up and demand at historic lows, industry experts warn the market may be entering its most challenging period in decades.


Labels:

Comments

Post a Comment