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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 28

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

Yours is one of the birthdays of the year and if you take advantage of new opportunities your existence will be transformed on so many levels. Personal satisfaction and professional success are yours for the asking – and yes, you can have them both.

ARIES (March 21 - April 20):

It may not be possible to turn back the clock but why would you want to when you have so much going for you? You can be a bit anxious at this time of year but don’t give in to negative thought patterns. Lighten up and enjoy life!

TAURUS (April 21 - May 21):

Today’s new moon will encourage you to believe that your dreams really can come true. What occurs today and over the weekend will make it easier to connect with people who share your long-term vision. Together you can change the world.

GEMINI (May 22 - June 21):

If there is something you feel needs to be said then say it and don’t worry about what kind of reaction you might get. Those who know you well are unlikely to be shocked by how open and honest you are about your feelings. Everyone else will learn.

CANCER (June 22 - July 23):

Stand up for what you know to be right and don’t let people who have more influence than you pressure you into keeping quiet. The powers that be may be formidable but you have courage and integrity on your side – so use them!

LEO (July 24 - Aug. 23):

There will be times when it feels as if your get up and go has got up and gone but don’t worry about it. The focus now is on the inner workings of your mind, so take it easy physically and give yourself time and space to think.

VIRGO (Aug. 24 - Sept. 23):

Because today’s new moon takes place in your opposite sign you could be too harsh on yourself when thinking about what has gone wrong with a relationship. What’s done is done and cannot be undone, so don’t waste time on regret or remorse.

LIBRA (Sept. 24 - Oct. 23):

Try not to get worked up on the work front today. Other people’s insistence on doing everything by the book will no doubt annoy you but what can you do? Let them get on with their thing while you do your thing in your own special way.

SCORPIO (Oct. 24 - Nov. 22):

Today’s new moon falls in the most dynamic and creative area of your chart, which among other things means you won’t care in the slightest what other people think about what you are doing. You know you are on the right track and nothing else matters!

SAGITTARIUS (Nov. 23 - Dec. 21):

If you can take a more laidback approach to family issues today and over the weekend you may discover that what you have been fuming about isn’t really of much importance. Try interacting with loved ones without expecting them to see things your way.


CAPRICORN (Dec. 22 - Jan. 20):

If there is something you feel you have to say then come right out with it and let the world know what you think and how you feel. Surprisingly, there won’t be much of a backlash – in fact most people will actually agree with you.

AQUARIUS (Jan. 21 - Feb. 19):

Cosmic activity in the area of your chart that governs what you own and earn will inspire you to believe that you can get out from under your debts and start making serious money. It won’t just happen by magic though, so what is your long-term plan?

PISCES (Feb. 20 - Mar. 20):

A new moon in your sign, alongside other powerful and positive influences, makes this one of the best times ever to push ahead with your dreams. Don’t limit your thinking to what has been done before – invent a whole new set of goals.

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