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Chrystia Freeland Steps Down from Cabinet to Take on Ukraine Envoy Role

                          Transport and Internal Trade Minister Chrystia Freeland is stepping down from cabinet. Chrystia Freeland, one of Canada’s most prominent political figures for over a decade, is leaving her role as Transport Minister to become Canada’s special envoy to Ukraine. The Toronto MP, who is of Ukrainian heritage and speaks the language fluently, announced her decision following weeks of speculation. Prime Minister Mark Carney confirmed the appointment, praising Freeland’s “principled leadership” and her steadfast advocacy for Ukraine amid its ongoing conflict with Russia. Freeland, who previously served as deputy prime minister and finance minister, said she will remain in Parliament but will not seek re-election. Her new role will focus on supporting Ukraine’s reconstruction and strengthening Canada’s diplomatic presence in the region. Freeland’s deep ties to Ukraine, both personal and ...
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Canadian Housing Market Enters Winter Hibernation: What You Need to Know

 


According to a recent news article, the Canadian Real Estate Association (CREA) has reported that home sales in Canada have slowed down in October, with a 5.6% decline compared to September. The article also mentions that both buyers and sellers appear to be holding off for the time being, with some sellers shelving their plans until next spring.

The causes of the slowdown are attributed to various factors, such as higher interest rates, tighter lending rules, rising home prices, and the impact of the COVID-19 pandemic on the economy and consumer confidence. The article also notes that some regions of British Columbia are starting to see softening in average home prices, while average home price declines are still uncommon throughout most of Canada’s major cities.

Despite the slowdown, the Canadian housing market remains active, with 33,921 homes sold in Canada in October, up 0.9% compared with the same month last year. The national average home price rose 1.8% year-over-year to $656,625.

If you’re planning to buy or sell a home in Canada, it’s advisable to keep an eye on the market trends and consult with a licensed real estate agent or mortgage broker. They can provide you with valuable insights and advice on how to navigate the current market conditions and make informed decisions.


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