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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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Quebec Braces for Potential Influx of Migrants Amid U.S. Deportation Concerns

 

As the political landscape in the United States shifts with the return of Donald Trump to the presidency, Quebec is preparing for a possible surge in migrants. Trump’s promise to deport millions of undocumented immigrants has raised alarms in Canada, particularly in Quebec, where officials are bracing for an increase in border crossings.

Concerns Over Border Crossings

Quebec Premier François Legault has expressed concerns about the province’s capacity to handle a potential influx of migrants. He emphasized the need for robust border security and regular updates from the federal government on the situation. The closure of Roxham Road, a popular crossing point for asylum seekers, has already made the journey more perilous, pushing migrants to seek alternative, often more dangerous, routes.

Community Response

Community groups in Quebec, such as the Welcome Collective, are preparing for an increase in new arrivals. These groups are concerned about the safety of migrants, especially those who might attempt to cross in remote areas during the harsh winter months. The RCMP has also been on high alert, ready to respond to various scenarios, from a few individuals to a massive influx.

Political Reactions

The political discourse in Quebec has been heated, with leaders from different parties voicing their concerns. Parti Québécois Leader Paul St-Pierre Plamondon warned of a significant migration wave, while Frantz André from the Action Committee for People Without Status criticized the use of Trump’s election to stoke fears about asylum seekers. Meanwhile, Québec solidaire acknowledged the potential impact of U.S. deportations on Quebec but called for a balanced approach.

Looking Ahead

As the situation unfolds, Quebec remains vigilant, balancing the need for security with compassion for those seeking refuge. The province’s response will be crucial in managing the potential challenges and ensuring the safety and well-being of all residents.


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