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Rising Tensions Prompt Ottawa to Urge Vigilance Among Canadians in the Middle East

Residents are evacuated from a building hit by a projectile in Tirat Hacarmel, northern Israel, Saturday, Feb. 28, 2026. No injuries were reported. Canadians living or travelling in the Middle East are being urged to remain highly vigilant as regional tensions escalate. Foreign Affairs Minister Anita Anand issued the warning following renewed instability linked to stalled nuclear negotiations between the United States and Iran, as well as an increased American military presence in the region.  Anand emphasized that Canadians in Iran, in particular, should consider leaving if they can do so safely, noting that the situation could deteriorate quickly. The warning comes amid threats of military action from the United States should Iran fail to agree to a nuclear deal, while Iran maintains its right to enrich uranium for peaceful purposes.  The Canadian government continues to monitor developments closely and advises citizens across the broader region to follow local guidance,...
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Toronto Home Sales Fall in July After June Uptick, Prices Slightly Up

 

In July, Greater Toronto area home sales experienced a month-to-month decline of 1.7%, following a surprising 3.2% rise in June. These figures, reported by the Toronto Regional Real Estate Board (TRREB), broke a four-month streak of declining home deals. Despite this dip, average home prices edged up by 0.2% to reach C$1.13 million, the highest since December. Meanwhile, new listings decreased by 0.8%. 

The market’s anticipation of further rate cuts from the Bank of Canada has contributed to rising demand, with the central bank already reducing its key policy rate twice this year. As the cost of borrowing is expected to decline further, TRREB President Jennifer Pearce predicts accelerated sales due to lower monthly mortgage payments. On a year-over-year basis, sales were up by 3.28% in July, and new listings increased by 18.47%. Toronto, accounting for two-thirds of the country’s condominium sales, remains a bellwether for other major metropolitan areas.

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