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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 Airstrikes in Beirut Kill 15 as Diplomatic Efforts for Cease-Fire Intensify

 

At least 15 people were killed and dozens injured following Israeli airstrikes in central Beirut, marking one of the most severe escalations in the ongoing conflict between Israel and Hezbollah. The strikes targeted what Israeli authorities described as Hezbollah command centers and weapons depots, though the attacks also caused extensive damage to residential areas.

The bombardment comes amid heightened tensions along the Israel-Lebanon border, with Hezbollah increasing its rocket attacks into northern Israel in solidarity with Hamas. Lebanese officials condemned the strikes as a violation of sovereignty and accused Israel of targeting civilian infrastructure.

As the violence escalates, international diplomats, including representatives from the United Nations and the United States, are intensifying efforts to broker a cease-fire. “The situation is spiraling out of control, and we urge all parties to exercise maximum restraint,” said UN Secretary-General António Guterres in a statement.

Humanitarian organizations have raised alarm over the deteriorating conditions for civilians in Beirut, where thousands are now displaced. Calls for a humanitarian corridor to deliver aid and evacuate vulnerable populations are growing louder as the conflict risks spilling over into a broader regional war.


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