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Russian Air Defense Fire Suspected in Azerbaijan Airlines Crash

  Aviation experts have raised concerns that Russia's air defense fire may have caused the recent crash of an Azerbaijan Airlines plane, as the nation mourns the loss of 38 lives. The Embraer 190 aircraft, en route from Baku to Grozny, was diverted to Aktau, Kazakhstan, due to unspecified reasons. Tragically, it crashed while attempting to land, killing 38 of the 67 people on board and injuring all 29 survivors.  Cellphone footage shows the plane making a steep descent before crashing into the ground and exploding. Experts point to holes in the plane's tail section as evidence that it may have been hit by a Russian air defense missile, possibly while Russia was defending against a Ukrainian drone attack. Azerbaijan observed a nationwide day of mourning, with flags lowered to half-mast and a moment of silence observed across the country. Azerbaijani President Ilham Aliyev stated that the weather forced the plane to change its course, but investigations are ongoing. The Kremlin ...
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Toronto Housing Market: Sales Dip, Prices Climb After Sluggish Period


Toronto’s real estate landscape is showing signs of a turnaround as we transition into spring. After a year of subdued sales activity, the market is witnessing renewed vigor. Here’s a snapshot of the recent developments:

Sales Activity:

  • February Sales Decline: Greater Toronto area home sales dipped in February, breaking a two-month streak of gains. Despite this, the market remains resilient.
  • Buyer Competition: Last month, competition between buyers started to re-emerge. Listings are attracting more attention, and buyers are increasingly competing with each other.
  • Regaining Confidence: Prospective homebuyers are regaining confidence, even as borrowing costs rise due to interest rate hikes by the Bank of Canada. Unlike last year, when the market was sluggish, buyers are now actively participating.

Price Trends:

  • Average Home Price: In March, the average home price in the Toronto area reached $1,108,606, surpassing the average list price for the first time since May 2022.
  • Still Below 2022 Peak: Despite the recent uptick, prices remain far from their 2022 peak. Detached homes, semi-detached properties, townhouses, and condos all saw price adjustments.
  • Composite Benchmark Price: The composite benchmark price for March was $1,118,500, reflecting a 16.2% year-over-year drop but an increase on a month-over-month basis.
  • Sales Volume: March concluded with 6,896 sales, up from 4,765 in February, although still down nearly 37% from March 2020.

The Toronto housing market is in transition. While prices are recovering, buyers are approaching the market more cautiously. As we head into spring, all eyes are on how this delicate balance between supply, demand, and affordability will evolve.


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