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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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Market Resilience: US Futures Recover After Initial Shock from Israel-Iran Tensions


In the wake of heightened geopolitical tensions following an Israeli strike on Iranian targets, US stock market futures experienced a significant downturn. The initial reaction saw a flight to traditional safe havens, with gold prices surging and oil markets fluctuating. However, as the day progressed, a sense of stability began to return to the markets.

  • Initial Panic: The news of Israel’s retaliatory strike against Iran caused a knee-jerk reaction.
  • Safe Haven Surge: Investors rushed to gold and oil, seeking security amid the uncertainty.
  • Stabilizing Markets: Despite the early scare, US futures have started to recover, indicating a robust market resilience.
  • Investor Watchfulness: The situation remains fluid, with investors closely monitoring any further developments in the Middle East.

As the market steadies itself, the focus now shifts to the Federal Reserve’s interest rate decisions and upcoming corporate earnings reports, which could further influence market movements. The resilience of US futures today underscores the market’s ability to weather geopolitical storms and adapt to evolving global events.

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