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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 Strikes Claim Lives in Gaza as Ceasefire Talks Resume

 

In a tragic escalation of violence, Israeli military strikes have killed dozens of people in the Gaza Strip, including women and children. The strikes, which took place over the past 24 hours, have brought the death toll to 62, according to Palestinian medics. The attacks targeted various locations, including residential areas and a house in Gaza City, where 12 people were killed.

As the death toll rises, mediators have launched a new push for a ceasefire in Qatar. The talks, brokered by Qatari and Egyptian mediators with the support of the U.S. administration, aim to bring an end to the 15-month-long conflict and secure the release of Israeli hostages.

The situation remains tense, with both sides expressing a commitment to reaching an agreement, though it remains unclear how close they are to a resolution. The international community continues to call for an end to the violence and for humanitarian aid to reach those affected by the conflict.

The ongoing conflict has already displaced most of Gaza's 2.3 million residents and caused widespread destruction. As the talks proceed, the hope is that a ceasefire can be achieved to prevent further loss of life and suffering.




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