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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 Reopens Key Crossing for Aid to Enter Gaza After U.S. Pauses Weapons Shipment

 

In a significant development, Israel has reopened the Kerem Shalom crossing into Gaza, a crucial terminal for the entry of humanitarian aid. The crossing had been closed over the weekend following a Hamas rocket attack that tragically killed four Israeli soldiers nearby. Here are the key points:

  1. Background:

    • The Kerem Shalom crossing serves as a lifeline for humanitarian aid entering Gaza.
    • The recent rocket attack prompted its closure, but Israel has now reopened it.

  2. Rafah Crossing and Tensions:

    • Israel also seized the nearby Rafah crossing between Gaza and Egypt, which remains closed.
    • The limited incursion into Rafah does not signal a full-scale invasion of the city, but tensions remain high.
    • The situation highlights the growing rift between Israel and the United States, its main backer.

  3. U.S. Involvement:

    • The U.S. recently paused a shipment of bombs to Israel due to concerns about a potential full-scale assault on Rafah.
    • Efforts are underway to negotiate a temporary ceasefire and the release of Israeli hostages held by Hamas.

  4. Humanitarian Aid and Control:

    • The Rafah crossing is vital for humanitarian aid and the movement of people.
    • Israel now controls all of Gaza’s border crossings for the first time in nearly two decades, cooperating with Egypt on maintaining a blockade.

  5. Ongoing Challenges:

    • Sporadic explosions and gunfire have been reported near the Rafah crossing.
    • Patients and wounded individuals scheduled for medical treatment have been left stranded.

  6. Hope Amidst Tensions:

    • UN agencies and aid groups continue their efforts to provide humanitarian assistance.
    • The situation remains complex, with both humanitarian needs and security concerns at play.

As the situation unfolds, the fate of civilians caught in the conflict hangs in the balance. The reopening of the Kerem Shalom crossing offers a glimmer of hope, but challenges persist. 



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