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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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Macron Stands Firm Amid Political Turmoil, Vows to Appoint New Prime Minister

 

In a defiant televised address, French President Emmanuel Macron has rejected calls to step down following the ousting of Prime Minister Michel Barnier in a historic no-confidence vote. Macron, who is halfway through his second and final term, promised to appoint a new prime minister within days to navigate the country through its current political crisis.

The no-confidence vote, which marked the first time a French government has been toppled in over 60 years, was driven by a coalition of far-right and left-wing factions. Macron criticized these groups for creating an "anti-republican front" and accused them of prioritizing their political agendas over the needs of the French people.

Despite the political upheaval, Macron emphasized his commitment to fulfilling his five-year mandate, which ends in 2027. He stated that the new prime minister's primary task would be to form a government capable of passing the 2025 budget, a critical step to ensure the continuity of public services and economic stability.

Macron's decision to stand firm comes as France faces significant economic challenges, including a substantial budget deficit. The president acknowledged the difficulties ahead but expressed confidence in the country's ability to overcome them, drawing parallels to the successful reconstruction of Notre Dame Cathedral after the 2019 fire.

As the nation awaits the appointment of a new prime minister, Macron's leadership will be crucial in steering France through this period of uncertainty and ensuring that the government remains functional and effective.





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