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Housing Market Outlook 2026: Prices Stabilizing, Demand Still Weak

  If you've been watching the Canadian housing market and waiting for a clear signal — up, down, or sideways — welcome to 2026, where the answer is stubbornly "sideways." Prices have stopped falling in most regions, but they're not exactly rallying either. Meanwhile, the buyers who were supposed to flood back after rate cuts? Still sitting on the fence. Here's what the data says and what it means for your wallet. 📊 Quick Stats — April 2026 National average home price: $695,412 (+2.2% year-over-year) National benchmark price (MLS HPI): $666,400 (-4.2% year-over-year) Months of inventory: 5.2 (balanced territory) GTA average price: $1,051,969 (-4.9% year-over-year) Bank of Canada policy rate: 2.25% (held steady) 📉 Why Are Prices "Stabilizing" But Not Recovering? Canada's housing market entered 2026 caught between two opposing forces. On one side, the Bank of Canada cut its policy rate from a peak of 5.0% all the way down to 2.25%, which should ...
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Azerbaijan's President Claims Russian Forces Unintentionally Shot Down Jetliner


In a recent statement, Azerbaijan's President Ilham Aliyev announced that the Azerbaijani airliner which crashed last week was unintentionally shot down by Russian forces. The tragic incident occurred over Russian airspace, resulting in the death of 38 out of 67 passengers on board.

President Aliyev told state television that the aircraft was hit by ground fire and rendered uncontrollable due to electronic warfare. He emphasized that the crash was not deliberate but criticized Russia for attempting to cover up the incident for several days.

The Kremlin confirmed that Russian air defense systems were active near Grozny, Chechnya, to counter a Ukrainian drone strike at the time of the crash. Russian President Vladimir Putin has since apologized to Aliyev, calling it a "tragic incident" but stopped short of admitting responsibility.

Aliyev has demanded an official apology, admission of guilt, and compensation for the victims and their families. The international community continues to monitor the situation closely as investigations proceed.



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