Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Heat Wave Continues: Record-Breaking Highs and Global Impact

 

The scorching heat wave gripping much of the United States shows no signs of relenting. As forecasters issue warnings about record-breaking temperatures, millions of Americans find themselves under heat advisories. Here’s what you need to know:

U.S. Heat Wave Highlights

  • Affected Regions: The extreme heat has shifted from the Midwest and Ohio Valley into the Mid-Atlantic states. Approximately 100 million people, particularly along the I-95 corridor on the East Coast, are feeling the heat.
  • Temperature Projections: While parts of the Northeast may experience cooler temperatures in the 70s and 80s, the mid-Atlantic region is forecasted to reach the mid-90s and possibly even the 100s. New York City’s heat index could reach 103, Philadelphia’s 110, and Washington, D.C.'s 110.
  • Southwestern U.S.: Southern California, Arizona, and Nevada are also bracing for temperatures above 100°F. Meteorologists predict “monsoon-like” conditions in the region.
  • Health Impact: Emergency room visits related to heat have surged in the hardest-hit U.S. regions. Reliable air conditioning is crucial for coping with this prolonged heat.

Global Heat Trends

  • Europe: Serbia recorded temperatures of 104°F, while forest fires raged in Greece and Portugal. The European Union’s climate change monitoring service reports 12 consecutive months of record warmth.
  • Southeast Asia: The heat wave triggered school closures and health warnings.

Stay safe, stay hydrated, and seek shelter from the scorching sun. Let’s all work together to beat the heat! 


    Labels:

    Comments

    Post a Comment