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Global News
25 minutes ago
- Global News
Canadian home prices could drop 2% from Trump trade war, CMHC says
U.S. President Donald Trump's trade war will continue to hit Canada's housing market, with a recovery in prices unlikely until 2026, a new report from the Canada Mortgage and Housing Corporation said on Thursday. 'Canada's housing market will continue to cool in 2025 due to trade tensions, economic uncertainty, slower population growth and increasing unemployment. Home prices are expected to fall around 2%,' the CMHC's summer housing market outlook said. The largest drops in home prices will be in Ontario and British Columbia, which are both home to some of Canada's most expensive housing markets. 'Trade tensions and slower population growth are contributing to a likely modest recession in 2025, dampening business and consumer confidence and slowing housing activity,' the report said. Homebuyers and developers alike will continue to take the 'wait-and-see' approach to the housing market amid the impact of the tariffs and economic uncertainty, it added. Story continues below advertisement 'Affordability remains a major issue and new construction is slowing. Rental markets are easing slightly as more supply comes online and demand softens,' the report said. 4:11 Liberal minister jokes Conservatives are confused by the words 'affordable' and 'housing' together What will happen next year? The housing market is likely to remain cool for the rest of 2025, the report predicted. A gradual recovery is only expected to begin by 2026. Story continues below advertisement The CMHC said the negative impact from trade tariffs will 'peak in the second half of 2025' but will begin to abate by 2026, along with the Canadian GDP. During this time, Canada's housing market will remain in a 'period of adjustment.' Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy 'We expect conditions to stabilize more in 2026 as trade tensions ease, mortgage rates moderate and demand slowly recovers. As the economic environment improves, the housing market should gradually return to a more balanced trajectory,' the report said. Canada started building slightly more homes in June than it did in May, the CMHC said in a report last week. Compared with May, the annual rate of housing starts was largely flat, with a 0.4 per cent increase, but it rose 14 per cent compared with this time last year.
CTV News
25 minutes ago
- CTV News
S&P/TSX composite ticks higher Thursday
The TMX Market Centre is shown in Toronto, Wednesday, Sept. 11, 2024. THE CANADIAN PRESS/Paige Taylor White TORONTO — Gains in energy stocks helped Canada's main stock index tick higher in late-morning trading on Thursday, while U.S. markets were mixed. The S&P/TSX composite index was up 4.21 points at 27,420.62. In New York, the Dow Jones industrial average was down 129.58 points at 44,880.71. The S&P 500 index was up 17.18 points at 6,376.09, while the Nasdaq composite was up 56.71 points at 21,076.73. The Canadian dollar traded for 73.38 cents US compared with 73.48 cents US on Wednesday. The September crude oil contract was up US$1.08 at US$66.33 per barrel. The August gold contract was down US$22.00 at US$3,375.60 an ounce. This report by The Canadian Press was first published July 24, 2025.
Edmonton Journal
25 minutes ago
- Edmonton Journal
Opinion: Alberta's gender-based violence plan should focus on survivors
Article content What if a plan to end gender-based violence reinforced the very systems that allow it to persist? Article content That's the risk Alberta takes with its newly released 10-year strategy to end gender-based violence (GBV). Announced with fanfare in May, nearly two years after the province signed a $54.1-million bilateral agreement with Ottawa, the strategy comes at a critical time. Alberta's rates of GBV remain among the highest in the country. The need for co-ordinated, long-term action is urgent. But despite the promise of progress, the plan falters in two crucial ways: It ignores intersectionality and places undue focus on men in ways that may do more harm than good. Intersectionality — the recognition that gender is just one dimension of identity, and that violence is often shaped by racism, ableism, immigration status, xenophobia, homophobia, and urban-rural disparities — is foundational to the federal National Action Plan (NAP). Alberta's version sidesteps this approach, opting instead for a checklist of 'priority groups' including Indigenous people, LGBTQ+ individuals, newcomers, people with disabilities, and those in rural or northern communities. But real lives don't fit neatly into categories. A queer, newcomer woman with a disability in a rural town doesn't experience GBV in silos — and she shouldn't be treated as if she does. Without an intersectional lens, Alberta's strategy risks being too generic to reach those most at risk. Survivors who face multiple layers of marginalization frequently fall through the cracks, encountering services that are either ill-equipped or unavailable to meet their needs. Alberta's plan offers little indication that these gaps will be meaningfully addressed. Equally concerning is how the strategy centres men — not primarily as potential perpetrators, but as victims and change agents. Citing that one-third of Canadian men experience some form of intimate partner violence, the strategy uses this statistic to justify increased focus on male-targeted prevention programs. While it's important to acknowledge that men can also experience violence, this framing diverts attention from the populations most affected: women and gender-diverse people, who experience intimate partner violence at significantly higher rates and with greater severity. Even within its framing of men, the strategy flattens differences. Data from Statistics Canada shows that sexual minority men experience intimate partner violence at twice the rate of their heterosexual peers. Yet Alberta's plan treats men as a single, uniform group, missing the nuances that effective prevention strategies require. Two out of the plan's five strategic priorities emphasize men-focused interventions. While it's true that men are more likely to commit violence — accounting for 93 per cent of femicides in Canada — experts warn that overemphasizing men can individualize the issue and obscure the broader social forces that enable violence: patriarchy, sexism, and systemic inequality. Worse, some well-meaning campaigns promoting 'positive masculinity' reinforce outdated stereotypes. The idea that 'real men' protect women places men in the role of saviours and implies that women must earn protection. This reinforces gender hierarchies and, unintentionally, contributes to victim-blaming. Yes, men must be part of the solution — but not at the expense of addressing the root causes of violence or centring those who are most affected by it. What Alberta's plan needs now is course correction. The provincial government should strengthen Priority 5: 'Support survivors and all those impacted where and when they need it' by adopting a fully intersectional lens. That means meaningful consultation with marginalized communities, culturally safe and accessible services, and sustainable funding for Alberta organizations already leading this work in cities like Edmonton and across the province. Alberta needs to revise its GBV strategy to reflect the real-world experiences of survivors — and to meaningfully invest in structural solutions, not surface-level fixes. This starts by aligning fully with the federal National Action Plan's intersectional principles and by targeting resources to those who face the greatest risks. Good intentions are not enough. If Alberta is serious about ending gender-based violence, it must centre survivors — not stereotypes. Olesya Kochkina is a PhD student at the Department of Sociology, University of Alberta. Lise Gotell is a professor of Women's and Gender Studies, University of Alberta. Letters welcome Article content Article content Article content
