Approximately 2.5 billion Father's Day cards are sent each year.
Neckties have become a popular traditional gift for Father's Day.
"World's Greatest Dad" is a popular Father's Day phrase.
Breakfast in bed is a common Father's Day treat.
Wishing a fantastic Father's Day to all the dads who strive to be the best versions of themselves.
To every father figure making a positive impact, Happy Father's Day!
Canadian home prices rose in all but one province in April, with most provinces near or at record highs despite a national correction. The national price drop of 20.8% is mainly due to significant declines in Ontario and British Columbia, while other provinces saw modest increases or minor declines. This suggests the national housing correction is largely driven by just two provinces, challenging claims of broad affordability improvements.
Economic anxiety, not interest rates, is the main factor freezing Canada's housing market in 2026, with 40% of real estate professionals citing recession fears as the top reason buyers and sellers hesitate. Risk aversion has increased, causing delays and deal collapses, with financing failure and client indecision as leading issues. Administrative burdens are also reducing professionals' client time, risking industry capacity amid rising transaction complexity.
Stable income, manageable debt, and plans to stay local for several yr can signal renting may be ready to turn into ownership.
Canadian lenders often want 2 yr in the same field, or 2 yr of consistent tax returns for self-employed buyers seeking approval.
Planning to stay 3 to 5 yr can make ownership more practical, especially when you want community roots and more control at home.
Ownership may help build equity over time as mortgage payments reduce loan balance, depending on market conditions and each buyer’s mortgage structure.
Above $500K, buyers typically need 5% on the first $500K and 10% on the remaining portion, strengthening savings plans for future ownership.
Canada’s housing market is still soft in mid-2026, with weak sales, cautious buyers, and affordability challenges keeping overall activity subdued.
Ontario and BC, especially condos, remain under pressure due to high supply, weaker investor demand, and expected further price declines through 2026.
Smaller provinces like Quebec, Alberta, Saskatchewan, and Manitoba are performing better, showing more stable prices and relatively healthier market conditions.
A modest recovery is expected in 2027 as affordability improves, demand builds, and economic uncertainty gradually eases, though growth will likely remain limited.
Canada faces a structural labor market shift due to a historic wave of retirements and immigration caps reducing younger workers. The population is set to shrink in 2026, with the workforce declining even more sharply. Retirements are at record levels and will continue into the 2030s, while the youth population and workforce are shrinking. This labor squeeze impacts housing supply, as construction faces significant worker shortages, causing project delays and supply constraints.
British Columbia's housing market remains buyer-friendly, with the most activity in the $250,000 to $1 million range. Active listings rose 13.6% to 9,413, while sales increased 27% to 222 weekly. The new listings-to-sales ratio is 3.51, indicating more supply than demand, especially in luxury homes over $1 million, which are cooling. Inventory growth offers buyers more choices, slowing price growth in higher segments.
A study shows that homebuyers with net incomes between $55,000 and $85,000 face affordability challenges in Canada. Labrador and Newfoundland are the most affordable, with mortgage payments at 31-50% of net income. Vancouver is the least affordable, requiring mortgage payments exceeding monthly net income even at $85,000 income. Calgary and Edmonton also show high mortgage costs relative to income, with Edmonton being the most affordable major market under $500,000.
Federal officials reaffirmed Canada’s goal to double homebuilding over the next decade, aiming to ease rent and ownership costs through housing measures.
A fiscal watchdog said recent budget materials lacked benchmarks and cited an estimate that an affordable housing agency would add 26K units over 5 yr.
Canada’s 6-mo housing-start trend recently ↑~3% to ~257K annualized starts, showing builders paused the slide in current construction momentum at least briefly.
Ontario remains a key watch area: Toronto’s unsold condo inventory and slower population growth are limiting demand and builder confidence for new projects.
A housing outlook projected 216K starts by 2028, while an expert said ambitious targets can help sustain supply momentum through market slowdowns.
Early-Q2 home sales totaled 42.9K across Canada, ↓4% yearly from 44.7K, while seasonally adjusted activity ↑~1% from Late-Q1 levels, showing modest monthly improvement.
The national avg. sale price reached ~$695K, ↑~2% yearly. The typical-home price index was broadly flat MoM and ↓~4% yearly, signaling stabilization.
New listings ↑~4% MoM in Early-Q2, marking the traditional spring market start. Active supply reached 187.6K, still ~6% below long-term norms nationally.
An economist said uncertainty and higher mortgage rates muted the expected 2026 rebound, yet stronger Mid-Q2 momentum, shorter market times, and stable prices emerged.
Current 2026 expectations call for transactions ↑1% versus 2025, with the national avg. price ↑~2% to ~$689K for the yr across Canada.
Fara Ghafari is a licensed real estate agent as well as a REALTOR® in CREA and an expert in rental and for-sale properties at 88 West Realty.
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