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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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Stock Market Today: Futures Slide Amid Government Shutdown Fears and Sticky Inflation

                                         

U.S. stock futures took a hit on Friday as investors braced for a potential government shutdown and digested mixed inflation data. Futures tied to the S&P 500 dropped 1%, while Nasdaq futures plunged 1.3%, and Dow Jones Industrial Average futures fell around 0.5%.

The looming government shutdown, driven by the House of Representatives voting against a spending bill, has heightened concerns among investors. Additionally, the Federal Reserve's preferred inflation gauge, the core Personal Consumption Expenditures (PCE) index, showed a slight month-over-month increase of 0.1% in November, indicating persistent inflationary pressures.

Key companies like Nvidia, AMD, and Broadcom faced significant pressure, while Tesla saw a 6% drop following a vehicle recall. Bitcoin prices also retreated nearly 10% amid record ETF outflows.

Investors remain cautious as they await further developments on both the political and economic fronts.



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