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Trump Proposes Closing Department of Education via Executive Action

                                     In a bold move, U.S. President Donald Trump has announced his intention to dismantle the Department of Education through executive action. Trump, who has long criticized the federal government's role in education, believes that states should have more control over their schools. During a press conference in the Oval Office, Trump stated, "We spend more per pupil than any other country in the world, and we’re ranked at the bottom of the list. What I want to do is let the states run schools." Despite acknowledging that an executive order would face significant challenges, Trump expressed his preference for working with Congress and teachers' unions to achieve this goal. The proposed dismantling of the Department of Education has sparked a debate about the future of federal involvement in education. Critics argue that eliminating the depart...
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Luxury Real Estate Market Sees Significant Sales Surge in Q4

 

The luxury real estate market in the Greater Toronto Area (GTA) experienced a remarkable sales surge in the fourth quarter of 2024, according to a recent report by Re/Max Canada. Homes valued over $3 million saw a 40.5% year-over-year increase in sales, with 364 homes sold in the $3 million to $5 million range. This surge was primarily driven by the Bank of Canada's recent rate cuts, which sparked demand for high-end properties.

Sales of homes priced between $5 million and $7.5 million rose by 58.5%, while those between $7.5 million and $10 million climbed by 41.2%. The central bank's back-to-back 50 basis point cuts in October and December were cited as the primary catalysts behind this increased buyer enthusiasm.

Re/Max Canada President Christopher Alexander noted that the economic climate and pent-up demand contributed to this surge, setting the stage for a strong luxury market in 2025. The firm predicts a five percent increase in the national average residential price over the course of the year, as optimism about the housing market grows among Canadians.

This uptick in luxury home sales is expected to have a positive impact on the broader housing market, with increased activity anticipated in 2025.




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