Toronto-area condos are being bulk sold at discounts as high as 45%. Now regular buyers have access - Toronto Star

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Josh Owens is the Content Director at Oilprice.com and a veteran energy journalist with over a decade of experience covering global energy markets and geopolitics.… Last year, America needed roughly 48,000 metric tons of the most common rare earth magnet, and domestic sources supplied just 300 tons. The rest had to come from somewhere else, and China makes more than 90% of the world's supply. To make matters worse, in January, that supply gets cut from both directions. On January 1, the Pentagon's ban on Chinese magnets in its supply chain takes effect, and just nine days later, China's toughest rare earth rules could snap right back into place. That’s exactly the problem REalloys (NASDAQ: ALOY) has been working to help solve. The company is building a heavy rare earth supply chain outside of China, from processing in Saskatchewan to metal-making in Ohio. To understand why that's such a problem for America's defense contractors, you have to start with what the Pentagon is actually seeking. The Pentagon’s Changes Start January 1For years, the Pentagon has had a rule that keeps Chinese magnets out of the weapons it buys, known as DFARS.

Home sellers cut asking prices on more than 3,000 properties a day on average in Britain during September, according to figures from Rightmove shared exclusively with the BBC. The property website said the total was the highest of any month for 15 years and was driven, in part, by a glut of homes on the market and some sellers setting unrealistic expectations. The proportion of listed homes that eventually had a price cut peaked in 2023 and has remained relatively high since. Property portals say buyers are now having to be choosy, with many working to a tight budget as mortgage rates have risen to three-year highs. "Once a home has been on the market for a while and then has a price reduction, some buyers start asking questions, even when there is nothing wrong with the property," said Colleen Babcock of Rightmove. "In a market with so much choice, first impressions matter. "Rightmove data said the average price reduction was nearly 7% - the equivalent of nearly £21,000 cut from a typically valued home. Its data showed that homes that had a price reduction typically took 119 days to find a buyer, compared with 39 days for those listed at one price.