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Housing Market Outlook 2026: Prices Stabilizing, Demand Still Weak

  If you've been watching the Canadian housing market and waiting for a clear signal — up, down, or sideways — welcome to 2026, where the answer is stubbornly "sideways." Prices have stopped falling in most regions, but they're not exactly rallying either. Meanwhile, the buyers who were supposed to flood back after rate cuts? Still sitting on the fence. Here's what the data says and what it means for your wallet. 📊 Quick Stats — April 2026 National average home price: $695,412 (+2.2% year-over-year) National benchmark price (MLS HPI): $666,400 (-4.2% year-over-year) Months of inventory: 5.2 (balanced territory) GTA average price: $1,051,969 (-4.9% year-over-year) Bank of Canada policy rate: 2.25% (held steady) 📉 Why Are Prices "Stabilizing" But Not Recovering? Canada's housing market entered 2026 caught between two opposing forces. On one side, the Bank of Canada cut its policy rate from a peak of 5.0% all the way down to 2.25%, which should ...
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Blinken Embarks to Middle East for Sixth Gaza Diplomacy Push


 U.S. Secretary of State Antony Blinken returns to the Middle East on Wednesday for his sixth visit since the start of Israel’s war with Hamas. His mission is to facilitate discussions for a temporary ceasefire and the release of hostages held by Hamas.

Blinken will meet Saudi leaders in Jeddah and Egyptian leaders in Cairo to discuss talks brokered by Egypt and Qatar on an agreement, as well as efforts to get more aid into Gaza. The ongoing negotiations aim to alleviate the humanitarian crisis gripping Gaza. Additionally, Blinken will engage in conversations about arrangements for governance, security, and redevelopment in post-conflict Gaza.

The war was triggered when Hamas fighters crossed into Israel on a rampage, resulting in the loss of 1,200 lives and the capture of 253 hostages according to Israeli tallies. In response, Israel launched a retaliatory onslaught, resulting in the confirmed death of nearly 32,000 people in Hamas-run Gaza, with thousands more feared lost under the rubble.

Despite multiple visits to the U.S. ally on his previous regional swings, Blinken is not scheduled to visit Israel on this trip. Tensions have escalated between U.S. President Joe Biden’s administration and the government of Israeli Prime Minister Benjamin Netanyahu, who recently rebuffed Biden’s plea to call off a planned ground assault in the southern Gaza city of Rafah, where more than a million displaced Palestinians are sheltering.

Blinken’s diplomatic efforts continue as the international community closely watches the situation unfold in the region.

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