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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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Lockheed Martin's Proposal: Job Creation Tied to F-35 Fighter Jet Contract

 

Lockheed Martin, the U.S. defense contractor behind the F-35 fighter jet, has proposed creating additional jobs in Canada if the Canadian government commits to fulfilling its full order of 88 F-35 aircraft. This offer comes amidst ongoing discussions about the $19 billion contract, which was initially signed in 2023 to replace Canada's aging CF-18 fleet.

Currently, Canada has committed to purchasing only 16 of the 88 jets, with the first deliveries expected in 2026. Lockheed Martin's proposal aims to incentivize Ottawa to proceed with the remaining 72 aircraft by emphasizing the economic benefits of job creation. The company has highlighted the potential for roles in engineering, manufacturing, and other sectors critical to the Canadian economy.

However, the proposal is not without controversy. Prime Minister Mark Carney has ordered a review of the F-35 contract, citing concerns over trade relations with the United States and the geopolitical implications of relying on U.S.-made military equipment. Alternatives, such as the Swedish Gripen fighter jet, are also being considered, with some advocating for domestic production to boost Canadian sovereignty and job creation.

As the federal government navigates these complex decisions, the debate over the F-35 contract underscores the intersection of defense procurement, economic growth, and international relations.


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