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Calgary Herald
6 days ago
- Business
- Calgary Herald
'I don't think we are bouncing back': Struggling Toronto housing market could remain fragile through 2025, realtors say
Article content By Shayan Alvi Article content Despite a slight month-over-month uptick in home sales in the Greater Toronto Area in June, many in the real estate industry expect that a lack of willing buyers will make for a fragile housing market for the remainder of 2025. Article content Data from the Toronto Regional Real Estate Board (TRREB) showed an increase in listings, slightly higher month-over-month sales and lower average prices for June. Article content Article content ' I don't think we are bouncing back, the pendulum isn't swinging back. We're just kind of in a holding pattern,' said Scott Ingram, a Toronto sales representative with Century 21 Regal Realty Inc. 'No matter how you look at price, whether you take average price or the home price index, those are softer than they were last year.' Article content A total of 6,243 homes were sold in June 2025 across the Greater Toronto Area (GTA), marking a 2.4 per cent decrease from last year. New listings rose 7.7 per cent from last year to 19,839. Article content The MLS Home Price Index (HPI) composite benchmark fell 5.5 per cent year over year in June, while the average selling price of $1,101,691 was down 5.4 per cent compared with June 2024. On a seasonally adjusted month-over-month basis, both the MLS HPI and average price edged lower from May. Article content Article content TRREB president Elechia Barry-Sproule said improved affordability from lower borrowing costs and the high levels of inventory were making home ownership 'a more attainable goal for many households.' Article content Article content But some realtors were reluctant to call it a rebound. Daniel Foch, chief real estate officer at Valery Real Estate Inc. in Toronto, said an increase in transactions is what signals a recovery, not necessarily just a drop in price. Article content ' What realtors see as a form of recovery would be more transactions. More downside on price means more transactions because if prices come down, more buyers can afford to buy those homes,' Foch said. Article content However, the recovery has not started, he said, and predicted July and August will be 'slow months' before the market has any chance of picking up in the fall.


Daily Mail
27-06-2025
- Daily Mail
Cops discover huge stash of firearms wrapped in plastic inside a wooden crate during 'high-risk' raid
A man has been charged with stalking and kidnapping after cops discovered a series of firearms wrapped in plastic and stashed inside a wooden crate. Officers carried out a 'high-risk' search warrant at the sprawling property in Walkerston, located 14km southwest of Mackay, on June 18. In video of the 39-year-old man's arrest, he appears shirtless and barefoot as officers force his hands behind his back and place handcuffs around his wrists. The man was then led to a waiting police vehicle wearing an unzipped hoodie. Police allege officers discovered semi-automatic rifles and large-capacity magazines with ammunition while searching the property. The weapons were found wrapped in plastic and stashed inside a crate beside a large double-door fridge and a microwave. The man has since been charged with seven offences, including two counts of unlawful possession of a weapon (rifle), and one count each of unlawful stalking, deprivation of liberty, possession of explosives (ammunition) without authority, and possession of drug utensils. He is scheduled to reappear in Mackay Magistrates Court on September 8. Acting Inspector Scott Ingram praised the efforts of local officers and reinforced the region's commitment to tackling domestic and family violence. 'The Mackay Whitsundays District is dedicated to supporting victims of domestic violence and taking firm action against offenders,' he said. 'Everyone has the right to live without fear of domestic and family violence.' The arrest comes just a day after a 27-year-old man was charged in Nanango, regional Queensland, for unlawful possession of firearms. Officers carried out the raid at a home on Old Esk North Road on Wednesday and allegedly located a firearm and a quantity of cannabis. The man has been charged with three offences including one count each of unlawful possession of a firearm, possessing dangerous drugs, and possessing anything used in the commission of a crime. The raid in Walkerston forms part of Operation Whiskey Firestorm, a Queensland Police initiative targeting illegal firearms and weapons across the state. The crackdown comes in response to alarming 2024 data, which saw more than 1,055 firearm licences revoked and over 3,290 firearm-related offences recorded, including attempted murder, armed robbery, assault, and unlawful entry.


The Advertiser
27-06-2025
- The Advertiser
Semi-automatic rifles seized from 'high-risk' domestic violence offender
Semi-automatic rifles have been seized from the home of an alleged high-risk domestic violence offender. A 39-year-old man was charged with serious domestic violence crimes, including deprivation of liberty and stalking, after police searched his Walkerston home on June 18. Mackay Whitsundays District police officers seized semi-automatic rifles and large-capacity magazines with ammunition from the man. Queensland Police Acting Inspector Scott Ingram said, "Illegal firearms have no place in our community, and we will continue to target offenders and remove dangerous weapons from the streets". "The Mackay Whitsundays District is dedicated to supporting victims of domestic violence and taking firm action against offenders," he said. "Everyone has the right to live without fear of domestic and family violence." The domestic violence suspect was charged with two counts of unlawful possession of a rifle and unlawful stalking, deprivation of liberty, authority required to possess explosives (ammunition), and possession of utensils. He is due to appear before Mackay Magistrates Court on September 8. Report crime information anonymously via Crime Stoppers. Call 1800 333 000 or report online at Semi-automatic rifles have been seized from the home of an alleged high-risk domestic violence offender. A 39-year-old man was charged with serious domestic violence crimes, including deprivation of liberty and stalking, after police searched his Walkerston home on June 18. Mackay Whitsundays District police officers seized semi-automatic rifles and large-capacity magazines with ammunition from the man. Queensland Police Acting Inspector Scott Ingram said, "Illegal firearms have no place in our community, and we will continue to target offenders and remove dangerous weapons from the streets". "The Mackay Whitsundays District is dedicated to supporting victims of domestic violence and taking firm action against offenders," he said. "Everyone has the right to live without fear of domestic and family violence." The domestic violence suspect was charged with two counts of unlawful possession of a rifle and unlawful stalking, deprivation of liberty, authority required to possess explosives (ammunition), and possession of utensils. He is due to appear before Mackay Magistrates Court on September 8. Report crime information anonymously via Crime Stoppers. Call 1800 333 000 or report online at Semi-automatic rifles have been seized from the home of an alleged high-risk domestic violence offender. A 39-year-old man was charged with serious domestic violence crimes, including deprivation of liberty and stalking, after police searched his Walkerston home on June 18. Mackay Whitsundays District police officers seized semi-automatic rifles and large-capacity magazines with ammunition from the man. Queensland Police Acting Inspector Scott Ingram said, "Illegal firearms have no place in our community, and we will continue to target offenders and remove dangerous weapons from the streets". "The Mackay Whitsundays District is dedicated to supporting victims of domestic violence and taking firm action against offenders," he said. "Everyone has the right to live without fear of domestic and family violence." The domestic violence suspect was charged with two counts of unlawful possession of a rifle and unlawful stalking, deprivation of liberty, authority required to possess explosives (ammunition), and possession of utensils. He is due to appear before Mackay Magistrates Court on September 8. Report crime information anonymously via Crime Stoppers. Call 1800 333 000 or report online at Semi-automatic rifles have been seized from the home of an alleged high-risk domestic violence offender. A 39-year-old man was charged with serious domestic violence crimes, including deprivation of liberty and stalking, after police searched his Walkerston home on June 18. Mackay Whitsundays District police officers seized semi-automatic rifles and large-capacity magazines with ammunition from the man. Queensland Police Acting Inspector Scott Ingram said, "Illegal firearms have no place in our community, and we will continue to target offenders and remove dangerous weapons from the streets". "The Mackay Whitsundays District is dedicated to supporting victims of domestic violence and taking firm action against offenders," he said. "Everyone has the right to live without fear of domestic and family violence." The domestic violence suspect was charged with two counts of unlawful possession of a rifle and unlawful stalking, deprivation of liberty, authority required to possess explosives (ammunition), and possession of utensils. He is due to appear before Mackay Magistrates Court on September 8. Report crime information anonymously via Crime Stoppers. Call 1800 333 000 or report online at