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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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Trump’s Re-election Sends Canadian Dollar to Four-Year Low

 

The re-election of Donald Trump has significantly impacted the currency markets, with the Canadian dollar (loonie) falling to a four-year low against the U.S. dollar. This phenomenon, often referred to as the “Trump trade,” has seen the loonie drop around 2% since the election and approximately 4% since September, when financial markets began anticipating Trump’s return to the White House.

The primary driver behind this decline is the strengthening of the U.S. dollar, bolstered by expectations of Trump’s economic policies, which include tariffs, corporate tax cuts, and deregulation. These policies are anticipated to boost U.S. economic growth, increase the government deficit, and fuel inflation, leading to higher U.S. interest rates and a surging equity market.

For Canada, the weaker loonie has mixed implications. On one hand, it makes Canadian exports more competitive, potentially benefiting exporters. On the other hand, it raises the cost of imported goods, impacting Canadian consumers who will face higher prices for products coming from the U.S. The Bank of Canada has also been cutting interest rates faster than the U.S. Federal Reserve to stave off a recession, further contributing to the loonie’s decline.

Overall, the “Trump trade” underscores the interconnectedness of global economies and the significant influence of U.S. economic policies on international markets.


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