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CMHC Just Cut Its Housing Forecast — What It Means If You're Buying, Selling, or Renewing

  Published July 28, 2026 Canada Mortgage and Housing Corporation quietly downgraded its outlook for the rest of 2026 last week, and the new numbers are worth a look no matter which side of the housing market you're standing on. The federal housing agency's Summer 2026 update now calls for slower growth, softer home prices, fewer new builds and continued easing in rental markets right through the end of the year — with a split that leaves Ontario and B.C. looking a lot different from the Prairies and Quebec. Here's what's actually in the update, and what it means for your specific situation. What CMHC changed The agency's baseline call for 2026 is a Canadian economy growing at just 0.7%, with high borrowing costs, weak population growth and cautious buyers keeping a lid on demand even as affordability has technically improved. The practical result, nationally: Housing starts are expected to fall to about 241,400 units this year, down from 259,028 in 2025 Resale acti...
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Explore the need for COVID booster shots this fall

 


Canada: The National Advisory Committee on Immunization (NACI) in Canada has been actively monitoring COVID-19 vaccine guidance. In July 2023, they provided recommendations for the use of COVID-19 vaccines in the fall. These recommendations consider factors such as vaccine protection, duration of protection, and concurrent administration with other vaccines.

United States: As of October 3, 2023, the updated Novavax vaccine has been recommended for use in the U.S. Additionally, the updated Pfizer-BioNTech and Moderna COVID-19 vaccines are also recommended for use in the U.S. population.

Booster Doses:

Redesigned Vaccine: In the fall of 2023, a newly redesigned vaccine will be available for the entire U.S. population, including all age groups. This means a new booster dose will be recommended for anyone over the age of 6 months.

Timing: Getting a booster shot now can help build up antibodies ahead of the holiday season, especially as people travel and gather during Thanksgiving and other festivities.

Safety and Effectiveness:

Combining Vaccines: It’s safe to get the COVID shot and the flu shot at the same time. In fact, new research suggests that receiving both shots together could enhance the effectiveness of the COVID vaccine.

Individual Considerations: Consult your healthcare provider to assess your specific situation, taking into account your risk factors, overall health, and any previous vaccinations.

Remember, staying informed and following public health guidelines is crucial. If you have any concerns or questions, reach out to your healthcare provider. 

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