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Home prices rise in some cities, drop in others: How Canada's property market is shifting after the trade war
Home prices rise in some cities, drop in others: How Canada's property market is shifting after the trade war

Time of India

time12-07-2025

  • Business
  • Time of India

Home prices rise in some cities, drop in others: How Canada's property market is shifting after the trade war

People across Canada who are planning to purchase a home can enter the market as uncertainty around the trade war has started to ease, with prices dropping in certain areas. Some cities, however, remain robust with strong prices, according to an RBC economist. According to the statistics of the local real estate board, there was a modest increase in the number of transactions between May and June 2025 in several major markets, including Vancouver, Edmonton, Regina, Saskatoon, Toronto, and Halifax. The gains recorded, however, constitute a fraction of pullbacks earlier this year. 'When you look at various metrics, you know buyers now have much more of a stronger hand when negotiating prices,' CTV News quoted Robert Hogue, assistant chief economist for RBC, as saying. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Golfer Ollie Schniederjans Scores A Surprise Four-Shot Victory Golf Asia Read More Undo The MLS Home Price Index (HPI) dropped in Toronto, Vancouver, southern Ontario, and Lower Mainland markets, CTV News reported. Inventory in these markets has risen to historically high levels, and buyers are facing stretched affordability conditions. 'Markets in southern Ontario, as well as B.C., are soft; however, it looks like, over the last couple of months, the slide in activity appears to be now stabilizing, so things don't look like they're getting any softer from an activity perspective,' Hogue said. Live Events 'But prices continue to fall in those markets. That's likely because of a stretch of affordability that's holding back a lot of buyers who can't get up prices in the current context, and the fact that those markets are heavily in favour of buyers. At this point, there's a lot of competition between sellers and less between buyers, so those markets are seeing price declines,' he added. Meanwhile, in several other cities, the value of property continues to be on the higher side. These markets include the Prairies, Quebec, and the Atlantic region, supported by still tight (and, in some cases, very tight) supply-demand conditions. 'In other parts of the country, the situation is different,' said Hogue. 'We've seen some correction during the spring in the face of the trade war; that affected confidence across the board. But the level of activity, in most cases—I'm thinking in particular in the prairies, either in Saskatchewan or in Alberta—to a fair extent, not everywhere, but to a fair extent, the level of activity is still pretty robust. When you compare it to pre-pandemic levels, it's sort of the same situation in markets like Montreal, for example. Now we've seen a bit of a slowdown lately, but nonetheless, the level is still, I would argue, pretty comparable relative to the pre-pandemic level,' he added. Buyers in Toronto have bargaining power In Toronto, buyers have plenty of options, a situation not seen in the city in decades, as the number of homes for sale continues to surge. The trend favours buyers and gives them more time to make decisions and negotiate. Toronto's MLS HPI in June 2025 was down 5.5 per cent (or more than $58,000) year over year and lower by 0.9 per cent from May, according to CTV News. Condo apartments saw the largest drop, falling eight per cent because of an abundant supply, but every housing type experienced some loss in value. Sellers are holding back in Montreal According to RBC, Montreal's recovery has stalled this year because of the trade war. The bank estimates that resales dropped for the third consecutive month between May and June, falling by about two per cent. Still, resales are staying at levels that would have been considered strong before the pandemic. Prices see downtrend in Vancouver As far as Vancouver is concerned, the slide in resales in Vancouver is stabilizing, though prices remain firmly on a downward track. According to CTV News, Vancouver's MLS HPI declined 2.8 per cent from a year ago (2024), marking the fourth straight month of annual declines. The supply and demand situation in the city is favouring the buyers, giving them control amid rising inventories. Active listings reached a 13-year high in June, yet home resales rose for the first time this year, up more than two per cent in May.

Democrats Splurging Rs 171 Crore On Study To Woo 'Young American Men' Voters
Democrats Splurging Rs 171 Crore On Study To Woo 'Young American Men' Voters

NDTV

time06-06-2025

  • Politics
  • NDTV

Democrats Splurging Rs 171 Crore On Study To Woo 'Young American Men' Voters

Quick Read Summary is AI generated, newsroom reviewed. Democrats are investing Rs 171 crore in a two-year study to engage young male voters. The project, named SAM, aims to understand effective communication with this demographic. Participants view Democrats as cautious, while Republicans are seen as confident and bold. In an attempt to make inroads amongst the young American men voters, the Democrats are now spending Rs 171 crore ($20 million) on a two-year study to understand how they can reach them, according to a report in Politico. The 2024 presidential election saw a vast number of American men siding with Donald Trump, leading to a soul-searching effort within the Democrats, who spent the campaign vilifying the said demographic. The plan, code-named SAM, or "Speaking with American Men: A Strategic Plan," promises to use the funds to "study the syntax, language and content that gains attention and virality in these spaces". The results of an initial round of research, which included 30 focus groups, showed that many young men believe that "neither party has our back". However, participants described the Democrats as overly scripted and cautious, while Republicans were dubbed confident and unafraid to offend. Additionally, the study recommends that Democrats buy advertisements in video games, among other things "Democrats are seen as weak, whereas Republicans are seen as strong. Young men also spoke of being invisible to the Democratic coalition, and so you've got this weak problem and then you've got this, 'I don't think they care about me' problem, and I think the combination is kind of a killer," said Ilyse Hogue, who co-founded the Speaking with American Men project. The point of the project, as per Ms Hogue, is to listen to a cohort of "young men who don't feel like the Democratic Party hears them or cares about them. Ms Hogue, the former president of the abortion rights group NARAL Pro-Choice America, has been joined by John Della Volpe, director of polling at the Harvard Kennedy School's Institute of Politics and an adviser to Biden's 2020 campaign, for the study. According to The Associated Press, more than half of male voters under the age of 30 voted for Mr Trump instead of Kamala Harris in the election. This included roughly six-in-10 White male voters, about one-third of Black voters and 50 per cent of young Latino male voters. While the Democrats have struggled in recent years, the party is hoping for revival owing to Mr Trump's declining popularity since he was elected last fall. Add to it the recent feud between the US president and Elon Musk, the Democrats may have the window of opportunity to seize the initiative.

Democrats set out to study young men. Here are their findings.
Democrats set out to study young men. Here are their findings.

Yahoo

time04-06-2025

  • Business
  • Yahoo

Democrats set out to study young men. Here are their findings.

The Democrats trying to understand young American men know people are roasting their plan. All that mocking just proves their point, they said: Democrats aren't taking this disaffected and politically alienated voting bloc seriously enough. It 'reaffirms what young men already think, that Democrats don't want to invest in you,' said Ilyse Hogue, who co-founded the Speaking with American Men project. The group has a two-year, $20 million budget to study young men and how Democrats can reach them. The results of an initial round of research shared exclusively with POLITICO — including 30 focus groups and a national media consumption survey — found many young men believe that 'neither party has our back,' as one Black man from Georgia said in a focus group. Participants described the Democratic Party as overly-scripted and cautious, while Republicans are seen as confident and unafraid to offend. 'Democrats are seen as weak, whereas Republicans are seen as strong,' Hogue said. 'Young men also spoke of being invisible to the Democratic coalition, and so you've got this weak problem and then you've got this, 'I don't think they care about me' problem, and I think the combination is kind of a killer.' The SAM project — which turned into a punchline for liberals and conservatives alike — is pitching itself to donors and officials as a hub for research, paid advertising and influencer outreach that's focused on young men, a once-critical part of the Democratic coalition that they lost to President Donald Trump in 2024. The group was founded by Hogue, the former president of NARAL; John Della Volpe, a pollster who specializes in Gen Z voters; and former Texas Rep. Colin Allred, who unsuccessfully ran for Senate last year. The focus groups found that young men feel they are in crisis: stressed, ashamed and confused over what it means to be a man in 2025. They vented about conflicting cultural messages of masculinity that put them in a 'no-win situation around the meaning of 'a man,'' according to the SAM project memo. They described how the Covid pandemic left them isolated and socially disconnected. They also said they now feel overwhelmed by economic anxiety, making 'traditional milestones,' like buying a home or saving for kids' college, 'feel impossible,' an analysis of the research said. 'The degree to which those economic concerns are also impacting how they think about themselves and quote-unquote success of being a man, and living up to their own expectations or the expectations of their family or society,' Della Volpe said. 'There's another layer of economic anxiety that I don't think I fully saw until now.' Young men's feelings of crisis are connected to their exodus from the party, SAM's research suggests. SAM's national survey found that just 27 percent of young men viewed the Democratic Party positively, while 43 percent of them viewed the Republican Party favorably. The polling sample included 23 percent self-described Democrats, 28 percent Republicans and 36 percent independents. In last year's presidential election, the gender gap leapt to 13 percentage points nationally, up from 9 percentage points in 2020, the Democratic firm Catalist found in its final 2024 analysis that. Men's support for Kamala Harris dropped by 6 points, winning just 42 percent of men — the lowest on record in recent elections. That gap became even more pronounced among 18- and 29-year-olds. Just 46 percent of young men voted for Harris in 2024. The losses tracked across every racial group, and the most pronounced hemorrhaging came among Latinos and Black men. Those challenges for Democrats echoed through the focus groups. An Asian American professional described Democrats as embracing "the fluid masculinity of being, like, empathetic and sensitive," while 'Republicans are more like, the traditional masculinity of a provider, strong, and the machismo type." Another Latino man from Las Vegas said that during the 2024 campaign, Harris focused on, 'Oh, I got Beyonce on stage with me. Oh, I got Lady Gaga on stage,' and 'it just kind of felt like, what does that have to do with me? I'm trying to move up in life.' 'Trump's over here like, 'if we're able to get a surplus in our budget, then we're going to have no tax on tips, no tax on overtime. It's going to take a while to get to that point, but at least he's saying the things that — oh, this is what I'm going to do,' the Latino man added. A second Latino man from Las Vegas spoke admiringly of Trump and Andrew Tate, a controversial influencer who has been accused of rape and sex trafficking, as 'always loved and hated, but they're truthful, honest, to what they believe in.' Della Volpe, who warned Democrats ahead of the 2024 election about their weakness with young men, said, 'this is not a lost cohort, a lost generation,' but Democrats are 'losing it' right now.' Hogue said part of SAM's mission 'super charg[ing] social listening' and progressive influencers on Discord, Twitch and other platforms in their fundraising proposal. They're urging Democratic candidates to use non-traditional digital advertising, especially on YouTube, in-game digital ads and sports and gaming podcasts. 'Democrats can't win these folks over if they're not speaking the language that young men are speaking,' Hogue said. 'Most people I talked to, Democratic operatives, have never heard of Red Pill Fitness, which is just huge online.' But there's still frustration around SAM's pitch that isn't just about mocking it. 'The Democratic Party is missing that we're not going to be able to message our way out of these deep problems men are facing, starting with the fact that they know the Democratic Party doesn't really like or respect them,' said Ross Morales Rocketto, a Democratic strategist who's also focused on researching men but isn't involved in the project. 'It's really easy for Republicans to play off the politics of grievance.'

Democrats set out to study young men. Here are their findings.
Democrats set out to study young men. Here are their findings.

Politico

time04-06-2025

  • Business
  • Politico

Democrats set out to study young men. Here are their findings.

The Democrats trying to understand young American men know people are roasting their plan. All that mocking just proves their point, they said: Democrats aren't taking this disaffected and politically alienated voting bloc seriously enough. It 'reaffirms what young men already think, that Democrats don't want to invest in you,' said Ilyse Hogue, who co-founded the Speaking with American Men project. The group has a two-year, $20 million budget to study young men and how Democrats can reach them. The results of an initial round of research shared exclusively with POLITICO — including 30 focus groups and a national media consumption survey — found many young men believe that 'neither party has our back,' as one Black man from Georgia said in a focus group. Participants described the Democratic Party as overly-scripted and cautious, while Republicans are seen as confident and unafraid to offend. 'Democrats are seen as weak, whereas Republicans are seen as strong,' Hogue said. 'Young men also spoke of being invisible to the Democratic coalition, and so you've got this weak problem and then you've got this, 'I don't think they care about me' problem, and I think the combination is kind of a killer.' The SAM project — which turned into a punchline for liberals and conservatives alike — is pitching itself to donors and officials as a hub for research, paid advertising and influencer outreach that's focused on young men, a once-critical part of the Democratic coalition that they lost to President Donald Trump in 2024. The group was founded by Hogue, the former president of NARAL; John Della Volpe, a pollster who specializes in Gen Z voters; and former Texas Rep. Colin Allred, who unsuccessfully ran for Senate last year. The focus groups found that young men feel they are in crisis: stressed, ashamed and confused over what it means to be a man in 2025. They vented about conflicting cultural messages of masculinity that put them in a 'no-win situation around the meaning of 'a man,'' according to the SAM project memo. They described how the Covid pandemic left them isolated and socially disconnected. They also said they now feel overwhelmed by economic anxiety, making 'traditional milestones,' like buying a home or saving for kids' college, 'feel impossible,' an analysis of the research said. 'The degree to which those economic concerns are also impacting how they think about themselves and quote-unquote success of being a man, and living up to their own expectations or the expectations of their family or society,' Della Volpe said. 'There's another layer of economic anxiety that I don't think I fully saw until now.' Young men's feelings of crisis are connected to their exodus from the party, SAM's research suggests. SAM's national survey found that just 27 percent of young men viewed the Democratic Party positively, while 43 percent of them viewed the Republican Party favorably. The polling sample included 23 percent self-described Democrats, 28 percent Republicans and 36 percent independents. In last year's presidential election, the gender gap leapt to 13 percentage points nationally, up from 9 percentage points in 2020, the Democratic firm Catalist found in its final 2024 analysis that. Men's support for Kamala Harris dropped by 6 points, winning just 42 percent of men — the lowest on record in recent elections. That gap became even more pronounced among 18- and 29-year-olds. Just 46 percent of young men voted for Harris in 2024. The losses tracked across every racial group, and the most pronounced hemorrhaging came among Latinos and Black men. Those challenges for Democrats echoed through the focus groups. An Asian American professional described Democrats as embracing 'the fluid masculinity of being, like, empathetic and sensitive,' while 'Republicans are more like, the traditional masculinity of a provider, strong, and the machismo type.' Another Latino man from Las Vegas said that during the 2024 campaign, Harris focused on, 'Oh, I got Beyonce on stage with me. Oh, I got Lady Gaga on stage,' and 'it just kind of felt like, what does that have to do with me? I'm trying to move up in life.' 'Trump's over here like, 'if we're able to get a surplus in our budget, then we're going to have no tax on tips, no tax on overtime. It's going to take a while to get to that point, but at least he's saying the things that — oh, this is what I'm going to do,' the Latino man added. A second Latino man from Las Vegas spoke admiringly of Trump and Andrew Tate, a controversial influencer who has been accused of rape and sex trafficking, as 'always loved and hated, but they're truthful, honest, to what they believe in.' Della Volpe, who warned Democrats ahead of the 2024 election about their weakness with young men, said, 'this is not a lost cohort, a lost generation,' but Democrats are 'losing it' right now.' Hogue said part of SAM's mission 'super charg[ing] social listening' and progressive influencers on Discord, Twitch and other platforms in their fundraising proposal. They're urging Democratic candidates to use non-traditional digital advertising, especially on YouTube, in-game digital ads and sports and gaming podcasts. 'Democrats can't win these folks over if they're not speaking the language that young men are speaking,' Hogue said. 'Most people I talked to, Democratic operatives, have never heard of Red Pill Fitness, which is just huge online.' But there's still frustration around SAM's pitch that isn't just about mocking it. 'The Democratic Party is missing that we're not going to be able to message our way out of these deep problems men are facing, starting with the fact that they know the Democratic Party doesn't really like or respect them,' said Ross Morales Rocketto, a Democratic strategist who's also focused on researching men but isn't involved in the project. 'It's really easy for Republicans to play off the politics of grievance.'

Special session of North Dakota Legislature unclear with legal research underway
Special session of North Dakota Legislature unclear with legal research underway

Yahoo

time30-05-2025

  • Business
  • Yahoo

Special session of North Dakota Legislature unclear with legal research underway

North Dakota House lawmakers meet during the final hours of the session on May 3, 2025. (Kyle Martin/For the North Dakota Monitor) A special session of the North Dakota Legislature is still up in the air as the attorney general reviews options to fix an error with a line-item veto. Meanwhile, legislative leaders this week directed staff to do legal research on possible scenarios that would prompt the Legislature to come back into session, including a recent appeals court ruling that affects legislative districts. Gov. Kelly Armstrong's general counsel has asked for an attorney general's opinion on his line-item veto of Senate Bill 2014. Armstrong's veto message only indicated he objected to a $150,000 grant, but the message was accompanied by red lines crossing out a section of the bill that also included $35 million for the Housing Incentive Fund. North Dakota governor unintentionally vetoes $35 million for housing programs Attorney Chris Joseph wrote in his request for an opinion that the red marking 'merely serves as a color-coded visual aid.' He asked for an opinion on whether the governor's written veto message or the visual pen marks on the bill satisfy the constitutional requirements of a line-item veto. Mike Nowatzki, spokesman for the governor, said the opinion will determine the next steps. Armstrong previously said he would call lawmakers back for a special session if necessary to correct the mistake. Legislative Council estimates a special session would cost $65,000 per day. Senate Majority Leader David Hogue, R-Minot, said Wednesday during a meeting of Legislative Management that he asked Legislative Council staff to brief legislative leaders on scenarios that might prompt lawmakers to reconvene. One question Hogue raised is whether the Legislature has a duty to act in response to the 8th Circuit Court of Appeals ruling that overturned a 2023 district court ruling that found the state's 2021 redistricting plan unlawfully diluted the voting power of Native American voters. A federal judge had ordered the Legislature to change its district map, but if the appellate court's ruling stands, the state would revert back to the 2021 plan. The plaintiffs, which include the Spirit Lake Nation and Turtle Mountain Band of Chippewa, have asked for a rehearing before the full 8th Circuit. Hogue also asked staff to provide a legal briefing related to the governor's vetoes and whether that would prompt legislators to reconvene. Armstrong issued seven line-item vetoes on six bills after the session adjourned. Previously, Legislative Council Director John Bjornson said a special session was the only obvious legal remedy to fix the error with the veto, but he said this week his staff continue to research the issue. Other situations that might prompt the Legislature to reconvene are a significant drop in the price of oil that changes the state's budget outlook or federal funding cuts that have major impacts to state or local subdivisions, Hogue said. If lawmakers call themselves back into session, they have six remaining days of their 80-day limit. If Armstrong calls a special session, that would not affect the 80-day limit. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX

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