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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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Tensions Escalate: Pakistan Warns of Imminent Indian Strike


In a significant development, Pakistan's Information Minister, Attaullah Tarar, has claimed that the country possesses "credible intelligence" indicating that India plans to launch a military strike within the next 24 to 36 hours. This assertion comes amidst heightened tensions between the two nuclear-armed neighbors following a deadly attack in Indian-administered Kashmir that claimed 26 lives.

Tarar stated that India intends to use the recent Pahalgam incident as a pretext for aggression, a claim that India has not yet commented on. Pakistan has denied any involvement in the attack and has called for a neutral investigation. Meanwhile, both nations have taken retaliatory measures, with India suspending the Indus Waters Treaty and Pakistan closing its airspace to Indian flights.

The situation has drawn international attention, with fears of escalation between the two countries. Pakistan has warned that any act of aggression will be met with a decisive response, emphasizing that India would bear full responsibility for any consequences in the region.

The unfolding events underscore the fragile relationship between the two nations, with the world watching closely for further developments.

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