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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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Israel Increases Military Pressure in Northern Gaza: Tanks Enter Jabalia

 

In a significant escalation of the ongoing conflict, Israel has sent tanks into the eastern Jabalia area in the northern Gaza Strip. This move comes after a night of heavy aerial and ground bombardments, resulting in the loss of 19 lives and dozens of injuries. Here are the key points:

  1. Jabalia: The targeted area, Jabalia, is the largest of Gaza’s eight historic refugee camps, home to over 100,000 people. Most of its residents are descendants of Palestinians who were displaced during the 1948 Arab-Israeli war that led to the creation of the state of Israel.

  2. Hamas Military Capabilities: Israeli forces operating in Jabalia aim to prevent Hamas, which controls Gaza, from re-establishing its military capabilities there. Rear Admiral Daniel Hagari, Israel’s military spokesperson, stated that they are acting to eliminate any attempts by Hamas to rehabilitate its military infrastructre.

  3. Civilian Impact: The bombardments have not spared civilians. Saed, a resident of Jabalia, reported that the bombings have been relentless, even near schools housing displaced people. Families are forced to evacuate as the situation escalates.

  4. Other Areas: Israeli forces also targeted Gaza City’s Zeitoun district, where they killed around 30 Palestinian militants. Additionally, tanks re-entered Al-Zeitoun and Al-Sabra, suburbs of Gaza City, destroying several houses, including high-rise residential buildings.

  5. Deir Al-Balah: While tanks did not invade eastern Deir Al-Balah city, there was a gunfight with Hamas fighters on the outskirts. In a separate airstrike, two doctors—a father and his son—lost their lives.

  6. Palestinian Response: The armed wings of Hamas and Islamic Jihad attacked Israeli forces in various areas inside Gaza using anti-tank rockets and mortar bombsRafah, previously the Palestinians’ last refuge, witnessed intense fighting as more than a million people sought shelter there.

  7. War Origins: The conflict was triggered by a Hamas-led attack on southern Israel in October, resulting in significant casualties. Israel’s military operation in Gaza has now claimed the lives of nearly 35,000 Palestinians according to Gaza’s health ministry.

As the situation remains tense, the international community closely monitors developments in the region. The impact on civilians and the humanitarian crisis continue to be major concerns


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