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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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Canada’s Employment Boom: 76,000 New Jobs Signal Economic Recove

 


Canada’s labour market made impressive gains in January as the economy added a net 76,000 jobs, helping push the unemployment rate down to 6.6%. The surge in employment far exceeded economists’ expectations, signaling renewed confidence amid ongoing global economic uncertainties.

A key driver behind the strong performance was the manufacturing sector, which contributed roughly 33,000 new positions. This development underscores the sector’s reliance on U.S. demand for Canadian exports, a factor that has become increasingly significant given current trade tensions. In addition to the manufacturing boost, full-time employment also saw a healthy increase while part-time roles added to the overall strength of the report.

Despite these encouraging signs, analysts remain cautious. Although the unemployment rate has fallen, it still points to some underlying slack in the labour market. Wage growth moderated slightly to 3.5% on a year-over-year basis, which could influence upcoming monetary policy decisions by the Bank of Canada. With the possibility of further interest rate cuts on the horizon, this robust job report is likely to play a crucial role in shaping economic policy in the coming months.

The latest figures paint a positive picture for Canada’s recovery, offering renewed optimism for a more resilient and dynamic economic future.

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