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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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U.S. Aid Agency to Trim Workforce to Under 300 Amid Radical Overhaul

 

In a dramatic shakeup that has rattled the international development community, the Trump administration announced sweeping plans to reduce the U.S. Agency for International Development’s (USAID) workforce from over 10,000 employees to fewer than 300. Most staff members—including thousands stationed overseas—have been placed on administrative leave, with only a small core of personnel retained to manage essential, mission-critical programs.

The controversial downsizing is being driven by a broader effort led by President Donald Trump and his ally Elon Musk’s Department of Government Efficiency (DOGE) to cut what they describe as wasteful spending on foreign aid. According to officials, the remaining team will focus solely on high-priority functions such as health, humanitarian assistance, and global crisis response.

The move has already sparked legal challenges. Federal workers’ unions, including the American Foreign Service Association and the American Federation of Government Employees, have filed lawsuits claiming that the abrupt curtailment of USAID violates congressional mandates and could precipitate a global humanitarian crisis by halting critical aid programs in more than 130 countries.

Critics warn that dismantling a cornerstone of U.S. foreign assistance may not only disrupt lifesaving projects—from HIV/AIDS treatment to emergency disaster relief—but also diminish America’s soft power on the global stage. As the administration contemplates merging USAID’s remaining operations with the State Department under acting administrator Marco Rubio, questions abound over the long-term implications for U.S. influence and international development efforts.

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