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Canada's Housing Market Just Showed Its Strongest Sign of Life in 2026

  July 6, 2026 May sales jumped 5.5% nationally, listings tightened, and prices broke back above $700,000 — here's what it actually means if you're buying or selling in Ontario. The headline: After the slowest start to a year in recent memory, Canadian home sales rose 5.5% from April to May 2026 — the first real sign of momentum this year, according to the Canadian Real Estate Association (CREA). What actually happened in May National home sales climbed 5.5% month-over-month in May, the strongest single-month gain of 2026 so far. New listings pulled back slightly, down 1%, and that combination tightened the national sales-to-new-listings ratio to 49.2%, up from 46.2% in April. For context, anything between 45% and 65% is generally considered a balanced market, so Canada has moved off the buyer-friendly end of that range and toward the middle. The national average home price came in at $702,079, up 1.5% year-over-year and the first time it has topped $700,000 in nearly two year...
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Taxes 2024: What You Need to Know for This Year’s Filing Season

 

With tax season upon us, there are several tweaks to the filing process this year that Canadians need to be cognizant of before it’s time to submit that paperwork. Understanding this year’s changes is crucial to filing taxes properly and making sure you receive any benefits or credits you may be entitled to.

Important Dates

  • February 19, 2024: This is the first day you can start filing your 2023 tax return online. If you file on paper, you should receive your income tax package in the mail by this date.
  • April 30, 2024: This is the deadline for most Canadians to file a tax return. By filing your tax return on time, you’ll avoid delays to any refund, benefit, or credit payments you may be entitled to. If you owe money to the CRA, this is also the payment deadline.
  • June 15, 2024: If you or your spouse or common-law partner are self-employed, this is the deadline to file your tax returns. As this date falls on a Saturday, your return will be considered filed on time if the CRA receives it or it is postmarked on or before June 17, 2024. If you owe money to the CRA, you’ll still need to pay by April 30, 2024, to avoid interest.

What’s New for 2024

  1. Digital Disability Tax Credit (DTC) Application Form: The CRA has made it faster and easier for persons with disabilities and their medical practitioners to complete the DTC application form. Applicants can now complete Part A of the application form online in My Account or by phone. Once completed, the applicant will receive a reference number to give to their medical practitioner who will use it to complete Part B of the form.

  2. Changes to the T1 Notice of Assessment: The CRA has updated the T1 notice of assessment and notice of reassessment to provide more complete information that is easier to understand. If you are expecting a refund and are not signed up for direct deposit, you will receive a paper T1 notice of assessment and cheque separately.

Remember to stay informed and take advantage of these changes to ensure a smooth tax-filing experience. 

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