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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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Israeli Forces Advance in Southern Gaza, Tanks Active in Rafah

 

Israeli forces have intensified their presence in southern Gaza, particularly in towns on the eastern side of Khan Younis. This development comes after Israeli Prime Minister Benjamin Netanyahu assured U.S. lawmakers of active efforts to bring hostages home. Here are the key points:

  1. Hostage Situation: The recent fighting has centered around the towns of Bani Suaila, Al-Zanna, and Al-Karara. Israeli forces discovered the bodies of five Israelis who were killed in a Hamas attack on Israel in October 2023 and had been held in Gaza since then.

  2. Casualties and Retaliation: The conflict has taken a toll on both sides. More than 250 hostages were taken during the initial raid into southern Israel, resulting in 1,200 deaths. In response, Israel vowed to eradicate Hamas in Gaza, leading to a nine-month war that has claimed over 39,000 Palestinian lives.

  3. Recent Actions: Israeli forces have dismantled around 50 military infrastructures in Khan Younis and continued operations in Rafah. Tanks have been active in Rafah’s town center, near the border with Egypt, causing injuries to Palestinians.

  4. Netanyahu’s Speech: In a speech to the U.S. Congress, Netanyahu expressed confidence in securing the release of remaining hostages. However, Hamas criticized his remarks as “pure lies” and expressed disappointment at the lack of a clear ceasefire announcement.

  5. Humanitarian Crisis: Displaced Palestinians, hoping for an end to the fighting, were left disappointed by Netanyahu’s speech. The overcrowded enclave faces a severe humanitarian crisis.

As the situation unfolds, tensions remain high, and civilians continue to bear the brunt of the conflict.


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