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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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Trump Initiates Tariff Investigation on Lumber Imports, Targeting Canada

 

In a move that could reshape the lumber trade landscape, U.S. President Donald Trump has directed the Commerce Department to launch a new investigation into lumber imports under Section 232 of the Trade Expansion Act of 1962. This probe aims to assess whether imports, including those from Canada, pose a national security risk. The investigation could lead to additional tariffs on top of the existing 14.5% duties on Canadian softwood lumber.

The administration has also announced steps to boost domestic lumber production, including streamlining the permitting process for harvesting timber and salvaging fallen trees. White House officials argue that reliance on imported lumber undermines economic prosperity and national security, citing the U.S. military's significant use of lumber for construction.

This development adds another layer to the long-standing trade tensions between the U.S. and Canada over softwood lumber, with potential economic implications for both nations.

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