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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 Faces Potential $100 Million Tax Bill After Alleged Double-Dipping


In a bombshell report by The New York Times, former President Donald Trump is under scrutiny for potentially owing the IRS over $100 million due to questionable tax breaks related to his Chicago skyscraper. Here are the key details:

  1. Double-Dipping Allegations:

    • Trump’s 2008 tax return revealed that he reported losses of up to $651 million on his Chicago tower project. However, the IRS audit now suggests that he may have attempted to write off the same losses twice, leading to the substantial tax liability.
    • The Chicago Tower, completed in 2009, remains a focal point in this investigation.

  2. IRS Audit and Legal Implications:

    • Trump’s tax returns have been a subject of controversy for years. The recent revelations indicate that he has not paid income taxes in 10 out of the past 15 years, primarily due to reported losses.
    • The ongoing decade-long IRS audit centers around a $72.9 million tax refund Trump received, which could ultimately cost him more than $100 million.

  3. Public Perception:

    • The release of Trump’s private tax documents has undermined his image as a successful entrepreneur, revealing heavy losses from his ventures while he continued to benefit from inherited assets.
    • Trump has vehemently denied the accuracy of the New York Times report, calling it “illegal” and suggesting that the journalists behind it should be jailed.

In summary, the potential tax bill represents a significant financial challenge for Trump, and the legal implications remain a matter of intense scrutiny. The double-dipping allegations could have far-reaching consequences for the former president’s financial standing and reputation. 

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