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Toronto Home Sales Jump 9.4% in June: What It Means for Buyers, Sellers & Landlords

  The GTA market just posted its strongest month of the year. Here's what the numbers actually mean if you're buying, selling, or renting out property in Ontario. 6,770 GTA home sales, June $1,058,658 Average selling price -5.4% MLS HPI, year-over-year The Toronto Regional Real Estate Board (TRREB) reported 6,770 home sales across the Greater Toronto Area in June 2026, up 9.4% from June 2025 and up 1.4% from May on a seasonally adjusted basis. That's the clearest sign yet that the slow start to 2026 is behind us — at least on the demand side. New listings tell the other half of the story. Only 17,282 new listings hit the market in June, a 12.9% drop from a year earlier, while active listings fell 13.5% year-over-year to 27,329. Buyers have less to choose from than they did last summer, even as more of them are shopping. A Market That's Quietly Tightening The sales-to-new-listings ratio — a key gauge of who holds the upper hand — climbed to about 39.2%, up from 37.2% in ...
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Red Sea Shipping Crisis Worsens After US and UK Strike Yemen

 

The Red Sea, a vital waterway for global trade, has become a hotspot of conflict and insecurity after the US and UK launched airstrikes against Houthi rebels in Yemen, who have been attacking commercial vessels with missiles and drones.

The airstrikes, which began on Thursday, were a response to the 27th Houthi attack on shipping since November, according to the US military. The Houthis, who are backed by Iran, have been targeting ships in the southern Red Sea and the Bab al-Mandab Strait, a narrow passage that connects the Red Sea to the Gulf of Aden.

The escalation of violence has disrupted the flow of oil, gas, grains, and manufactured goods through the region, which accounts for about 12% of global seaborne trade. Many shipping companies have suspended or diverted their operations, opting for the longer and more costly route around Africa. Some insurers have also raised their premiums or restricted their coverage for vessels passing through the area.

The shipping crisis has added to the humanitarian catastrophe in Yemen, where a civil war has been raging since 2015. The UN estimates that more than 20 million people are in need of humanitarian assistance, and that millions are on the brink of famine. The airstrikes have also raised fears of a wider regional conflict, as Iran and its allies clash with the US and its allies over various issues, including the nuclear deal and Israel’s war in Gaza.

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