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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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Hezbollah Confirms Seventh Senior Commander Killed in Recent Israeli Strikes

 

In a series of escalating confrontations, Hezbollah has confirmed the death of its seventh senior commander, Nabil Kaouk, in recent Israeli airstrikes. Kaouk, who served as the deputy head of Hezbollah’s Central Council, was killed on Saturday, marking a significant blow to the Lebanese militant group.

Kaouk’s death follows a string of targeted strikes by Israel that have claimed the lives of several high-ranking Hezbollah officials, including founding members who had long evaded capture or assassination. These strikes have intensified over the past week, with Hezbollah confirming the deaths of multiple senior leaders.

The Israeli military has stated that these operations are part of a broader campaign to dismantle Hezbollah’s leadership and operational capabilities. The recent airstrikes have also resulted in significant civilian casualties and displacement, with over 1,000 people reported dead and hundreds of thousands forced to flee their homes.

Hezbollah, in response, has continued to launch rockets and missiles into northern Israel, although most have been intercepted or have landed in uninhabited areas. The conflict has brought the region to the brink of a wider war, raising concerns about a potential escalation into a full-scale regional conflict.

Kaouk, a veteran member of Hezbollah since the 1980s, played a crucial role in the group’s military operations, particularly during the 2006 war with Israel. His death is seen as a significant loss for Hezbollah, which has vowed to continue its resistance against Israeli aggression.

The situation remains highly volatile, with both sides showing no signs of backing down. The international community continues to call for restraint and a return to negotiations to prevent further loss of life and instability in the region.


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