Sponsored by Antimony Resources

Canada Home Prices Sink 20%

Canadian home prices posted their steepest decline in more than two decades, falling 20% from their March 2022 peak as elevated borrowing costs and economic uncertainty continue to weigh on the market.

The national benchmark home price stood at $679,600 in November 2025, down 3.7% from a year earlier, according to the Canadian Real Estate Association. The decline marks the largest price correction since the early 1990s housing crash, when prices fell approximately 23% nationally over six years.

Home sales declined 10.7% compared with the same month last year. The association said housing activity has entered a “holding pattern” heading into 2026.

You can read more on the matter here.

What’s going on?

• Ottawa-Ontario to Finalize Major Projects Deal to Accelerate Ring of Fire (theDeepDive)

• U.S. Approves $11 Billion in Arms Sales to Taiwan, Angering Beijing (WSJ)

• Trump Wants “Oil Rights Back” From Venezuela As Navy Blockades Loom (theDeepDive)

• Carney says U.S.-Canada trade deal unlikely to happen in near future (Globe)

• Conservative Support Rises in Latest Canadian Poll as Liberals Near Majority Through Floor-Crossings (theDeepDive)

• Economists warn of flaws in US inflation report (FT)

• BC May Need $1 Billion in Loan Guarantees for Cowichan Title Area, Expert Warns (theDeepDive)

• Former federal workers run for Congress to stop Trump (Reuters)

• Trump Expected to Sign Order Reclassifying Marijuana as Schedule III Drug (theDeepDive)

What’s the latest?

• Tech: Lovable raised $330M Series B at a $6.6B valuation, led by Alphabet’s CapitalG and Menlo Ventures, with participation from Nvidia (NVentures), Accel, and Khosla Ventures. The round triples its July valuation and brings 2025 funding to $500M+. Lovable reported $200M ARR in November, less than a year after hitting $1M ARR, highlighting rapid enterprise adoption of vibe coding tools.

• EV: Ford took a $19.5B charge on its EV business and scrapped the electric F-150 Lightning, citing weak demand, highlighting why major Canadian EV projects stalled. Ford’s $1.8B Oakville EV hub was cancelled and shifted to $3B gas truck production, while GM, Honda, and Stellantis also delayed or cut Canadian EV plans. Canada’s auto sector contributes $16B+ to GDP, exports 90%+ of vehicles to the U.S., and EV pullbacks reflect collapsing U.S. subsidies and demand rather than Canadian policy failure.

• Market: Canada’s TSX rose +355 points (+1.1%) to 31,604, led by tech, financials, and industrials. U.S. markets surged in tandem: Dow +428 (+0.9%), S&P 500 +88 (+1.3%), Nasdaq +421 (+1.9%). The Canadian dollar strengthened to 72.69 US cents, while oil rose to $56.29 and gold climbed to $4,392/oz.

• Politics: Canada signed a five-year MOU with Coveo on Dec. 17 to deploy AI across federal departments to modernize workflows and cut paperwork. The initiative targets generative and agentic AI to reduce administrative burden, with Coveo estimating $1B+ in potential cost savings. The partnership prioritizes Canadian-made software and supports the AI Strategy for the Federal Public Service 2025–2027 to improve service delivery and digital sovereignty.

• Cannabis: Trump signed an order directing the U.S. attorney general to fast-track reclassifying marijuana from Schedule I to Schedule III, a major federal policy shift. About 20% of U.S. adults use marijuana annually, and reclassification could unlock billions in research funding and ease banking and investment restrictions, though cannabis would remain federally illegal. Cannabis stocks rose on the news as the move signals greater regulatory clarity and institutional access.

The Minto Mine Restart

The stock market and stuff

• Indonesia Plans Major Nickel Production Cut to Stabilize Prices (theDeepDive)

• Trump media group agrees $6bn merger with Google-backed fusion energy company (FT)

• Did Meta Pause A China Scam Crackdown To Protect Revenue? (theDeepDive)

In the juniors

• Northern Superior Shareholders Set To Receive Shares Of ONGold Resources Friday (theDeepDive)

• Goliath Resources Sees Rob McEwen Increase Ownership Interest (theDeepDive)

• Canada Nickel Reports Initial Resource Estimates For Midlothian, Bannockburn Properties (theDeepDive)

FULL DISCLOSURE: Antimony Resources is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Antimony Resources. The author has been compensated to cover Antimony Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.