Canada’s economy saw three big shifts last week: tariffs eased under CUSMA, inflation cooled to 1.7% but food and rent remain expensive, and housing sales surged with the average home price at $673K. Here’s what it means for Canadians.

Canada’s housing market is heating up again. Home sales climbed 6.6% year-over-year, pushing the average price to $673,000. Ontario, B.C., and Alberta led the gains, raising concerns that a seller’s market could return by 2026.