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According to the London St. Thomas Association of Realtors, a series of interest rate cuts helped fuel an increase in home sales last month. “Little bit of pent-up demand. People were waiting to see the sign that the rates were going to stay stable and probably continue to go down a little bit,” said association CEO Bill Madder. According to LSTAR the average sale price of a home in November was $640,198 - reflecting an increase of 5.9 per cent over November, 2023. Six-hundred-forty-one homes changed hands, for an increase of 35.5 per cent year over year, and new listings were up 10.8 per cent year-to-date. Madder said the market is starting to see the effect of cuts to the prime lending rate. “It’s definitely helping. I think there’s probably more response to that to come yet,” he speculated. Bill Madder, CEO London St. Thomas Real Estate Association (Bryan Bicknell/CTV News London) Madder said sellers still have an advantage in the current market, but the interest rate cut helps bring more balance. “If we compare to 2020-2021, that was clearly a benefit to the sellers. Now I think there’s probably a little more balance in our market.” The Bank of Canada is expected to cut the interest rate once more this year. Shopping Trends The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us. 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PT | Downtown Vancouver stabbing suspect dead after being shot by police A suspect is dead after being shot by police in a Vancouver convenience store after two people were injured in a stabbing Wednesday morning, according to authorities. DEVELOPING | As police search for suspect, disturbing video surfaces after U.S. health-care CEO gunned down in New York UnitedHealthcare CEO Brian Thompson was killed Wednesday morning in what investigators suspect was a targeted shooting outside a Manhattan hotel where the health insurer was holding an investor conference. 'Utterly absurd': Freeland rebuffs Poilievre's offer of two hours to present fall economic statement Deputy Prime Minister and Finance Minister Chrystia Freeland has rebuffed Conservative Leader Pierre Poilievre's offer to give up two hours of scheduled opposition time next Monday to present the awaited fall economic statement as 'utterly absurd.' Transport Minister to summon airline CEOs as Air Canada set to charge carry-on fees for some passengers Transport Minister Anita Anand says she will be calling Canadian airline CEOs to a meeting in mid-December after Air Canada says it will charge some passengers for carry-on bags in the new year. Canada's new public-sector payment system is still years away from being implemented After half a decade of testing and an investment of nearly $300 million, the federal government is still years away from fully implementing its next-generation pay and human resource cloud platform to replace the problem-plagued Phoenix payroll system. WATCH: Suspects armed with hammers hit Markham jewelry store Six suspects are in custody in connection with a smash-and-grab robbery at a jewelry store in a Markham mall that was captured on video. Why are some Canada Post outlets still open during CUPW strike? As many postal workers continue to strike across the country, some Canadians have been puzzled by the fact some Canada Post offices and retail outlets remain open. French government toppled in historic no-confidence vote French opposition lawmakers brought the government down on Wednesday, throwing the European Union's second-biggest economic power deeper into a political crisis that threatens its capacity to legislate and rein in a massive budget deficit. Woman who stowed away on plane to Paris is back on U.S. soil A Russian woman who stowed away on a Delta Air Line flight from New York to Paris last week has returned stateside Wednesday. Kitchener Waterloo Regional Police recover 52 vehicles from chop shop in North Dumfries, Ont. A chop shop in North Dumfries, Ont. has been dismantled after police found 52 stolen vehicles. Rescue of three boys from Cambridge pond prompts safety plea from officials Three 13-year-old boys fell through the ice at a Cambridge pond on Tuesday. We spoke to the Lifesaving Society of Ontario about how to stay safe on and in the water this winter. Transport Minister to summon airline CEOs as Air Canada set to charge carry-on fees for some passengers Transport Minister Anita Anand says she will be calling Canadian airline CEOs to a meeting in mid-December after Air Canada says it will charge some passengers for carry-on bags in the new year. Barrie Georgian College faces job cuts, dwindling enrolment amid international student cap Growing deficits, layoffs and far fewer enrolment numbers are forcing colleges and universities across the province to make tough decisions in the wake of Ottawa's cap on international students. 17-year-olds arrested with loaded gun, drugs in Barrie, police say Police in Barrie say two teens were arrested for having a loaded gun and drugs in their possession. Winter travel advisory issued as Muskoka braces for more snow Muskoka is in for more snow after a major dumping over the weekend that caused power outages, downed trees and road closures. Windsor Rising profits or closing brick and mortar stores: the impact of the ongoing Canada Post strike Most local businesses have found alternative ways to ship their products to customers during the Canada Post Strike. Mourning the loss of dramatic arts program, UWindsor students turn grief into performing arts piece Following budget cuts resulting in no theatre company like the University Players to rely on anymore, dramatic arts students were devastated. 'Hollywood Holidays' celebrates Christmas flicks at the Chrysler Theatre St. Clair College student-performers are spreading Christmas cheer as they prep for opening night of their upcoming Hollywood Holidays production. Northern Ontario Family reeling as victim of Sudbury stabbing left paralyzed A GoFundMe has been set up to help support Josee Rouleau, the victim of a stabbing that happened in Chelmsford in Greater Sudbury on Nov. 22. Warm, wet winter expected in much of Canada, say forecasters Federal forecasters expect a warmer-than-normal start to winter in most of Canada, with more precipitation than usual in parts of the country. Transport Minister to summon airline CEOs as Air Canada set to charge carry-on fees for some passengers Transport Minister Anita Anand says she will be calling Canadian airline CEOs to a meeting in mid-December after Air Canada says it will charge some passengers for carry-on bags in the new year. Sault Ste. Marie New addition to the CTV Northern Ontario family The CTV Northern Ontario family got a little bigger Tuesday when longtime anchor Marina Moore and her husband welcomed their second baby into the world. Some Ontario food banks are making cuts, Timmins is not A new report from Feed Ontario indicates food banks in the province have reduced the amount of food they provide, but the situation is not as bleak in Timmins. Northern Ont. MPP calls for increased winter training for truckers A Member of Provincial Parliament (MPP) from northern Ontario presented a bill at Queen’s Park calling for increased winter driving training for truckers. Ottawa Protester disrupts City of Ottawa information session about Sprung structure A man wearing a t-shirt that said "No tent in Ottawa" disrupted a City of Ottawa info session about the proposed Sprung structure that is set to be built along Woodroffe Avenue near the Nepean Sportsplex. WINTER WEATHER TRAVEL ADVISORY | 10 cm of snow in the forecast, OPP urging drivers to drive safely in Ottawa and eastern Ontario Cold temperatures and snow amounting to 10 centimetres are in the forecast for Ottawa this Wednesday. A winter weather travel advisory is in effect and police are asking people to drive safely. Ottawa's chief medical officer Dr. Vera Etches to become head of CHEO Ottawa’s medical officer of health Dr. Vera Etches has been appointed as the president and CEO of the Children's Hospital of Eastern Ontario (CHEO). Toronto WATCH: Suspects armed with hammers hit Markham jewelry store Six suspects are in custody in connection with a smash-and-grab robbery at a jewelry store in a Markham mall that was captured on video. 5 individuals wanted for GTA murders added to Canada’s most-wanted fugitives list Five individuals being sought by police in the GTA have been added to a list of Canada’s most wanted fugitives. Toronto remain under winter weather travel advisory Toronto got its first taste of winter weather Wednesday as a low-pressure system brought snow to the city. Montreal Former Montreal mayor Denis Coderre owes nearly $400K to tax agencies The Canada Revenue Agency is seeking more than $260,000 from former Montreal mayor Denis Coderre in a mortgage recovery filing. Drivers zig-zagging and posting videos in white-lining trend: Quebec prosecutors A Montreal man is facing a criminal charge of dangerous driving after he allegedly posted a video of himself zig-zagging through cars. It's a trend called 'white lining.' Quebec adopts motion on sexual exploitation of minors The Quebec legislature has adopted a motion to denounce a publicly funded organization that promotes 'forms of sexual exploitation of minors,' according to the Parti Québécois (PQ). Atlantic Body found in burned vehicle in Pictou County identified as missing N.S. woman Nova Scotia RCMP has identified the bodies found in a burned vehicle in Pictou County last month as a missing Truro woman and a man from Alberta. A province-by-province look at what to expect from Thursday's storm An early December storm moving across northern New Brunswick Thursday will bring the Maritime provinces a mix of snow, rain, and high wind. Traffic tensions: Halifax Transit patrons and drivers frustrated by delays Halifax Transit patrons and drivers are expressing frustration about long waits and delays. Winnipeg Proposed site for Winnipeg supervised consumption site in the city's core The province’s first supervised consumption site could soon be located along the Disraeli Freeway in Winnipeg. Canadian appears in U.S. court in decades-old cold case Robert Creter made his first court appearance since his extradition to the United States from Winnipeg. He's the prime suspect in the murder of 23-year-old Tami Tignor – a cold case dating back to 1997. 'We want you to enjoy shopping': Winnipeg police stepping up presence at busy retail locations for the holidays When you are doing your holiday shopping this month, you may notice more police officers out and about at some of the biggest shopping areas in Winnipeg. Calgary Former Calgary police officer wanted on Canada-wide warrant Calgary police have issued a Canada-wide warrant for a former officer they say used police resources to contact women he met while on duty. Alberta cattle producers express optimism in wake of Trump's tariff threat Cattle producers in Alberta don't appear to be overly concerned by the threat of tariffs by United States president-elect Donald Trump. Calgary could consider banning retail sale of dogs, cats and rabbits A Calgary committee will consider asking city officials to ban all sales of dogs, cats and rabbits in retail stores. Edmonton Lucy the elephant in good health, but should remain in Edmonton: experts Lucy the elephant is in good health and able to travel – though experts recommend she stays put. Removal of Treaty 6 flag in Barrhead a 'step backwards' for reconciliation: Grand Chief Treaty No. 6 First Nations Grand Chief Cody Thomas says the removal of the Treaty 6 flag in municipalities is a “mistake” and a “step backwards” for reconciliation. Collectors believe stamp hobby will endure despite unclear future of strike-embroiled Canada Post Even with the future of Canada Post in question, given the Crown corporation's mounting financial losses and loss of business due to a strike by postal workers, stamp collectors say they feel their hobby will ride out the uncertainty. Regina 'It's all about tradition': Bushwakker marking 30 years of blackberry mead The ancient art of meadmaking has become a holiday tradition for Regina's Bushwakker Brewpub, marking 30 years of its signature blackberry mead on Saturday. Sask. auditor releases findings on social services’ hotel spending An audit stemming from concerns over government practices of securing hotel rooms for those on social assistance has been released. Residents in Regina, Moose Jaw may notice changes in taste and colour of water Residents in Regina and Moose Jaw may notice some changes in their water as construction continues at the Buffalo Pound Water Treatment Plant. Saskatoon Saskatoon boy, 16, faces first-degree murder charge in death of woman found outside the Copper Mug A 16-year-old boy faces a first-degree murder charge in the case of a woman found dead in an 8th Street parking lot last month. Saskatchewan maintains dismal status as leader in spread of HIV, with no provincial strategy in place Advocates for Saskatchewan’s HIV-positive residents are calling for a provincial strategy to support those living with the virus, and to help stop its spread. "Really heartwarming": Santa's helpers in Saskatchewan help with Christmas letters amidst postal strike With only a few weeks left until Christmas, families are gearing up for the Santa experience with their kids. However, one of the annual traditions - writing letters to Santa - was in jeopardy due to the postal strike. Thanks to some dedicated volunteers, the magic will continue. Vancouver LIVE @ 4:30 P.M. PT | Downtown Vancouver stabbing suspect dead after being shot by police A suspect is dead after being shot by police in a Vancouver convenience store after two people were injured in a stabbing Wednesday morning, according to authorities. Suspect arrested after stabbing sends man to hospital in Surrey, B.C. Police say one man is in custody and another is in hospital after a stabbing Wednesday morning in Surrey, B.C. Early-rising Taylor Swift fans wait for hours in Vancouver for concert gear Taylor Swift fans were up before the sun in Vancouver to snag some coveted shirts, bags and sweaters to mark her record-breaking Eras Tour. Vancouver Island LIVE @ 4:30 P.M. PT | Downtown Vancouver stabbing suspect dead after being shot by police A suspect is dead after being shot by police in a Vancouver convenience store after two people were injured in a stabbing Wednesday morning, according to authorities. Federal minister Harjit Sajjan to attend Taylor Swift concert with taxpayer-funded ticket Harjit Sajjan, the federal minister responsible for the Pacific Economic Development Agency of Canada, will be going to the Eras Tour on taxpayer dollars. Environment Canada warns fog causing near-zero visibility in southwest B.C. 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The year is drawing to a close, and what a year it has been for the stock market. As of this writing, the S&P 500 , Nasdaq Composite , and Dow Jones Industrial Average are up 26%, 28%, and 19%, respectively. That said, there are many growth stocks that have far outpaced the benchmark indexes and could be worth considering for the long term. Here are three investors should know about. 1. Spotify Technology First up is streaming giant Spotify ( SPOT 1.84% ) . The company, which operates the most popular music-streaming app in the world, continues to impress markets with its growth. In its most recent quarter (the three months ending on Sept. 30), Spotify reported 640 million monthly active users (MAUs), up 11% from 574 million MAUs one year ago. In addition, the company's number of paid subscribers jumped 12% to 252 million. Arguably, paid subscribers are an even more important figure to Spotify, as subscription fees account for 88% of the company's total revenue . At the same time as the company has ramped up its conversion of overall MAUs into paid subscribers, management has also cut costs. Accordingly, Spotify's profitability has soared. The company reported operating income of 454 million euros, compared to only 32 million euros one year earlier. In summary, Spotify is giving growth-oriented investors what they want to see. The company's user base, revenue, and profits are all expanding, as Spotify continues to tap into new markets and grow its subscriber count. That's a recipe for continued success, which is why investors should consider it as a long-term buy and hold stock. 2. Reddit Next, there's Reddit ( RDDT 2.94% ) . Reddit only debuted via an initial public offering (IPO) less than a year ago. Yet, as of this writing, the stock is up a remarkable 180%. It's all thanks to Reddit's big three financial metrics: Robust revenue growth Strong user growth Sky-high gross margin Starting with revenue, Reddit has grown its quarterly revenue (for the three months ending on Sept. 30) to $348 million -- an increase of 68% year over year. Similarly, the company's daily active uniques (DAUqs) rose 47% to 97 million. That's rapid growth, and, best of all, the company is capitalizing on the growth by increasing its profitability . Gross profit margin increased to 90% in its most recent quarter -- the best ever for the company, and more than 200 basis points higher than the same period one year ago. Granted, Reddit remains a newcomer to the stock market, but its first year as a public company has been remarkable. Growth-seeking investors may want to consider this highflier as a long-term buy-and-hold candidate, given its solid growth and its potential for high profitability further down the road. 3. Nvidia Last, there's Nvidia ( NVDA 3.48% ) . Clearly, Nvidia has enjoyed a good run; it's already the world's second-largest company (as of this writing), with a market cap of $3.3 trillion. That said, there are reasons to believe Nvidia's stock can still go higher. First , consider the company's most recent earnings report (for the three months ending on Oct. 27). Nvidia reported truly amazing numbers; revenue surged 94% year over year to $35 billion. Bear in mind , that's $35 billion in quarterly revenue -- but it's roughly equivalent to the annual revenue for iconic companies like Visa , Netflix , and Starbucks . What's more, Nvidia's sales have surged to these incredible heights in just a couple of years. For example, in the same period two years ago, Nvidia reported revenue of less than $6 billion. In other words, the demand-side growth for artificial intelligence (AI) chips has been staggering. Moreover, it's not expected to end anytime soon . In addition to the fantastic results that Nvidia reported , company leadership also provided guidance that was above expectations. In short, management expects future sales of the company's Blackwell AI chips to be even stronger than previously forecast. To close, Nvidia's prominent role in the AI ecosystem make it a compelling choice for investors who are seeking a buy-and-hold stock in the AI sector.Carter Wilkie had a big stat line against Robert Morris last seasonOTTAWA — NDP Leader Jagmeet Singh says his party will not support a Liberal plan to give Canadians a GST holiday and $250 unless the government expands eligibility for the cheques, saying the rebate leaves out “the most vulnerable.” The Liberals announced a plan last week to cut the federal sales tax on a raft of items like toys and restaurant meals for two months, and to give $250 to more than 18.7 million Canadians in the spring. Speaking after a Canadian Labour Congress event in Ottawa, Singh says he’s open to passing the GST legislation, but the rebate needs to include seniors, students, people who are on disability benefits and those who were not able to work last year. Singh says he initially supported the idea because he thought the rebate cheques would go to anyone who earned under $150,000 last year. But the so-called working Canadians rebate will be sent to those who had an income, leaving out people Singh says need the help. The government intends to include the measures in the fall economic statement, which has not yet been introduced in the House of Commons. The proposed GST holiday would begin in mid-December, lasting for two months. It would remove the GST on prepared foods at grocery stores, some alcoholic drinks, children’s clothes and toys, Christmas trees, restaurant meals, books, video games and physical newspapers. A privilege debate has held up all government business in the House since late September, with the Conservatives pledging to continue a filibuster until the government hands over unredacted documents related to misspending at a green technology fund. The NDP said last week they had agreed to pause the privilege debate in order to pass the legislation to usher in the GST holiday. Singh said Tuesday that unless there are changes to the proposed legislation, he will not support pausing the debate. The Bloc Québécois is also pushing for the rebates to be sent to seniors and retirees.
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