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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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Your daily horoscope: February 16, 2025

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

You may prefer to keep your feelings secret but the message of the stars on your birthday is that you must open up and let others know what you believe and what you need. If you can do that then it should be a wonderful year.

ARIES (March 21 - April 20):

You may not feel like knuckling down to work as the new week begins but you must. If you get into the groove on Monday it will be easier to keep moving ahead over the following days. If you don’t, you may get nothing done at all.

TAURUS (April 21 - May 21):

The sun’s move into the friendship area of your chart this week will encourage you to get out of the house and get to know people who share your interests and your outlook on life. Let the sharing, caring side of your nature come to the fore.

GEMINI (May 22 - June 21):

Now is the time to start looking ahead and making plans, especially those related to your work and career. The sun’s change of signs on Tuesday will give you the courage to make changes of your own. Make sure they are big.

CANCER (June 22 - July 23):

The cosmic picture is looking better by the day and it won’t be long before those headwinds you have been battling against completely disappear. Believe you deserve to succeed and believe you deserve to have fun – and you will!

LEO (July 24 - Aug. 23):

Don’t waste your precious time and energy arguing with people who will always see things differently to you. Instead, go your own way, do your own thing and close your ears to criticism every step of the way. You’re on the right track.

VIRGO (Aug. 24 - Sept. 23):

Cosmic activity in your opposite sign will encourage you to mend any rifts that may have opened up on the home front and also at work. You will know just what to say to win loved ones and work colleagues round to your way of thinking.

LIBRA (Sept. 24 - Oct. 23):

Things could get a bit tense over the next few days. If you are involved in a joint project of some kind you must make sure that everyone is playing by the same rules and knows what is expected of them. Leave nothing to chance.

SCORPIO (Oct. 24 - Nov. 22):

One of the best times of the year begins on Tuesday when the sun moves in your favour, so get your act together, stop wasting time on trivial matters and be the biggest and the best at what you do. Always aim to be No. 1.

SAGITTARIUS (Nov. 23 - Dec. 21):

If someone you are close to is having problems of a personal nature make it your business to find out what is upsetting them and then find ways to cheer them up. You are at your best when cracking jokes and making people smile.

CAPRICORN (Dec. 22 - Jan. 20):

Small acts of kindness done in private mean more in the long-term than big acts done in the glare of publicity. Ask yourself what you can do for a friend or loved one who is going through a hard time. Then do it without any fanfare.

AQUARIUS (Jan. 21 - Feb. 19):

Although the sun moves out of your sign this week that does not mean you can stop striving. On the contrary, having laid the foundations of success in recent weeks you can now start building the walls. Build them high and build them strong.

PISCES (Feb. 20 - Mar. 20):

Everything changes this week as the sun moves into your sign and a new solar year gets under way. No matter what problems you faced in the past you now have the power to move past them and create a better future for yourself.

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