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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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Escalation in Gaza Amid Legal and Political Turmoil in Israel

 


Israel's Defense Minister, Israel Katz, has ordered ground forces to advance deeper into the Gaza Strip, intensifying military operations. This move comes as part of efforts to pressure Hamas into releasing hostages. Israeli troops have reportedly retaken strategic areas, including the Netzarim corridor, and are advancing toward key locations such as Beit Lahiya and Rafah. The military has also reinstated a blockade on northern Gaza, further escalating tensions.

Meanwhile, Israel's Supreme Court has temporarily halted Prime Minister Benjamin Netanyahu's dismissal of Shin Bet security chief Ronen Bar. The court's decision delays the firing until an appeal can be heard, highlighting a deepening power struggle within the Israeli government. Critics argue that the dismissal is a politically motivated move, while supporters of Bar have staged protests against the decision.

The dual developments underscore the complex and volatile situation in the region, with military actions in Gaza and political disputes in Israel unfolding simultaneously.

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