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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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Ceasefire Deliberations Continue Amidst Tensions in Gaza

 

The latest ceasefire proposal by Israel has been met with skepticism by Hamas, stating that it falls short of the Palestinian demands. Despite this, the offer is currently under review, as confirmed by Hamas on Tuesday. The proposal, which was conveyed through Egyptian, Qatari, and American mediators, has not been publicly detailed, but it is known to address the cessation of hostilities in the Gaza Strip.

The ongoing conflict has seen a significant escalation, with Israeli Prime Minister Benjamin Netanyahu announcing plans for a military ground offensive into Rafah, a densely populated area in Gaza. This move has raised concerns about the potential for increased civilian casualties and further devastation.

As the international community watches closely, the outcome of these ceasefire talks could be pivotal in determining the next phase of the conflict. Hamas has expressed its commitment to reaching an agreement that would end the aggression against the Palestinian people, yet it remains to be seen whether Israel’s proposal will be deemed acceptable.

The review of the ceasefire proposal comes at a critical juncture, with the United Nations committee set to review Palestine’s status as a full state member this month. Meanwhile, the region continues to grapple with the humanitarian crisis unfolding as a result of the six-month-long conflict.

Hamas’s response to the ceasefire proposal is highly anticipated, as it will signal the potential for progress or the likelihood of continued hostilities in the region.

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