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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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Tech Stocks Wobble as Micron’s Forecast Disappoints: Market Update

 

US stock futures retreated on Thursday after chipmaker Micron’s outlook put a dent in tech-rally hopes. Investors are closely watching fresh economic data ahead of an inflation reading key to Federal Reserve policy. Here are the key points:

  • Micron’s Impact: Micron’s sales forecast for the current quarter met expectations but failed to satisfy investors looking for stellar outperformance from AI-linked companies. As a result, Micron’s shares slid almost 6% in pre-market trading.

  • Tech Stocks: The bullishness around AI has helped lift the benchmark S&P 500 to a 15% gain this year. However, concerns are growing that the rally could be at risk if the handful of tech companies driving most of those gains stop topping already lofty expectations. Nvidia was down 1.6%, reviving worries of a return to the sell-off that rattled markets last week, as other AI chip stocks came under pressure.

  • Economic Data: Focus is also on updates on GDP and weekly jobless claims due before the market open. Additionally, the PCE inflation print on Friday will influence the Fed’s thinking on timing of interest-rate cuts.

  • Corporate Front: Levi Strauss shares sank over 15% in the wake of a second-quarter revenue miss for the jeans seller. Investors will look to Nike’s quarterly results after the bell for more clues to consumer resilience.

Remember to stay informed and keep an eye on market developments! 

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