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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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Trade Tensions Escalate as Trump Maintains Tariffs Amid Ford's Policy Shift

 

In a recent development, U.S. President Donald Trump has decided to keep the 25% tariffs on steel and aluminum imports intact, despite Ontario Premier Doug Ford's decision to lift the electricity tax on U.S.-bound energy. The tariffs, initially imposed as part of a broader trade strategy, have been a point of contention between the two nations.

Ford's move to remove the electricity tax was seen as an olive branch to ease trade tensions. However, Trump's administration has opted to maintain the tariffs, citing the need to protect domestic industries. This decision has sparked mixed reactions, with some applauding the commitment to American manufacturing, while others criticize the potential strain on U.S.-Canada relations.

The ongoing trade dispute underscores the complexities of international economic policies and their far-reaching implications. As both leaders stand firm on their respective stances, the path to resolution remains uncertain.

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