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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 Tariffs on Canadian and Mexican Imports Set for March 4

In a significant move that could reshape North American trade dynamics, President Donald Trump has announced that tariffs on Canadian and Mexican imports will go into effect on March 4. This decision comes after months of negotiations and escalating trade tensions between the United States and its neighbors.

The tariffs, which include a 25% duty on steel and aluminum imports from Canada and Mexico, are part of a broader strategy to protect American industries and reduce the trade deficit. The Trump administration argues that these measures are necessary to revitalize the U.S. manufacturing sector, which has been adversely affected by cheaper foreign materials.

Canada and Mexico have been working to avoid these tariffs by enhancing border security and curbing fentanyl trafficking. Despite these efforts, the Trump administration has decided to proceed with the tariffs, citing the need for more substantial progress.

The implementation of these tariffs could have far-reaching consequences for the North American economy. Industries that rely on cross-border supply chains, such as automotive and energy sectors, may face increased costs and disruptions. Critics argue that the tariffs could lead to higher prices for consumers and potential retaliatory measures from Canada and Mexico.

As the March 4 deadline approaches, businesses and policymakers on both sides of the border are bracing for the impact of these tariffs. The move underscores the Trump administration's commitment to using tariffs as a tool for economic policy and trade negotiations.


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