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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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Netanyahu Condemns ICC Ruling, Gains Broad Political Support

 

Israeli Prime Minister Benjamin Netanyahu has strongly denounced the International Criminal Court’s (ICC) decision to issue arrest warrants for him and former Defense Minister Yoav Gallant. Netanyahu labeled the ruling as “anti-Semitic” and “absurd,” asserting that Israel will not succumb to international pressure in defending its citizens.

The ICC’s warrants accuse Netanyahu and Gallant of war crimes related to the recent conflict in Gaza, including allegations of starvation and persecution of Palestinians. The court’s decision has sparked a rare moment of unity among Israeli politicians, with both allies and opponents rallying to Netanyahu’s defense.

Former Prime Minister Naftali Bennett criticized the ICC, calling the warrants a “mark of shame” on the court itself. Opposition leader Yair Lapid described the ruling as a “reward for terrorism,” while Benny Gantz, who briefly joined Netanyahu’s war cabinet, condemned the court’s "moral blindness".

Security Minister Itamar Ben-Gvir suggested a bold response by annexing the occupied West Bank, further intensifying the political discourse.

The ICC’s decision has undoubtedly deepened the diplomatic rift, with Israel and its key ally, the United States, not recognizing the court’s jurisdiction. As the situation unfolds, the international community watches closely, anticipating the potential ramifications on the ongoing conflict and future peace negotiations.


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