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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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Arrests Made in the Largest Gold Heist in Canada’s History

 


Canada police have made arrests and issued warrants for nine people in what is considered the largest gold theft in Canadian history. The audacious heist took place in April 2023 at Toronto Pearson Airport, where more than 6,500 gold bars, weighing roughly 400 kg (881 lb), were stolen from a cargo facility. Alongside the gold, the thieves made off with millions in cash, resulting in a total value of C$20 million.

The heist was executed by a well-organized group of criminals, reminiscent of a plot straight out of a Netflix series. The investigation, codenamed Project 24K, spanned a year and involved both US and Canadian law enforcement agencies. It remained largely secret until the recent announcement by the Canadian Peel Regional Police and the US Alcohol, Tobacco, and Firearms Bureau.

During the investigation, dozens of search warrants were executed, and numerous interviews conducted. So far, authorities have managed to recover C$90,000 worth of “pure gold”, which was fashioned into six “crudely made” bracelets. Additionally, they seized smelting pots, casts, and molds, along with C$430,000 in cash—part of the profits the suspects earned from selling the stolen gold.

The intrigue deepened when police revealed that they found 65 guns after arresting one of the suspects. These firearms were intended for import into Canada, emphasizing the connection between gold and the illicit arms trade. The heist itself occurred inside a cargo holding facility after the gold arrived on an Air Canada flight from Zurich, Switzerland. The thieves allegedly accessed the goods by presenting a fake airway bill, a document accompanying shipped items. They then used a five-tonne truck to make their getaway.

Months after the theft, Brink’s International, a US-based security company responsible for coordinating the shipment, sued Air Canada. Brink’s claimed that the airline had been reckless and failed to prevent the theft, making no effort to verify the identity of the person who made off with the cargo. According to the lawsuit, the goods were stolen just 42 minutes after being unloaded from the plane.

This daring gold heist has captivated the public’s imagination and raised questions about the intersection of wealth, crime, and international intrigue. As the investigation continues, authorities are determined to bring all those involved to justice.

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