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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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Congress in Crisis: Scrambling to Avert Government Shutdown



In a dramatic turn of events, the U.S. Congress is racing against the clock to prevent a partial government shutdown. This urgency follows the rejection of a demand by President-elect Donald Trump to lift the nation's debt ceiling. The House of Representatives, led by Speaker Mike Johnson, is attempting to navigate a narrow path that can satisfy both the Republican-controlled House and the Democratic-majority Senate as the midnight Friday funding deadline looms.

Conservative Republicans recently dismissed Trump's call for a five-year suspension of the U.S. debt ceiling, which could have added trillions more to the government's $36 trillion debt. This rejection has left Congress without a clear plan to avoid the shutdown. The situation is further complicated by Trump's insistence on extending the debt ceiling to 2029, a demand that has not gained traction among lawmakers.

The failure of a hastily revised alternative bill, which aimed to keep the federal budget running at its current level through March and provide $100 billion in disaster relief, has added to the uncertainty. This bill was rejected by a vote of 174-235, highlighting the deep divisions within the Republican Party and the broader Congress.

As the deadline approaches, the pressure is mounting on Congress to find a solution that can avert the shutdown and ensure the continued functioning of the federal government. The stakes are high, with potential disruptions to government services and paychecks for federal workers hanging in the balance.

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