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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 lookahead horoscope: April 27, 2025

 

IF TODAY IS YOUR BIRTHDAY

A Mars-Pluto link on your birthday means there are some big challenges coming up in your life but you have what it takes not only to meet those challenges but to profit from them in various ways. A year from now you will be stronger and wealthier.

ARIES (March 21 - April 20):

You are not the kind to suffer fools and with Mars and Pluto strong in your chart your words could be a bit harsh at times over the next few days. Life is too short to waste time on people who move and think at a glacial pace.

TAURUS (April 21 - May 21):

You may be tempted to take a gamble of some sort over the coming week, and it may pay off, but do you really need to take that risk? The planets warn you could easily lose as much as you gain, so be happy with what you’ve got.

GEMINI (May 22 - June 21):

Your persuasive powers are such that you can easily convince others that you know what you are talking about but if it turns out later on that you were bluffing your reputation is likely to suffer. It’s okay to admit that you don’t know everything.

CANCER (June 22 - July 23):

You will have to think quick and act quick over the next few days if you want to get on top of a situation that could easily spiral out of control. Don’t worry how your words and actions might affect other people – only your needs matter.

LEO (July 24 - Aug. 23):

Go out of your way to talk to people you meet on your travels. The stories they have to tell will not only be interesting but could also spark ideas that you may be able to turn into cash further down the line. Talk isn’t cheap, it’s profitable.

VIRGO (Aug. 24 - Sept. 23):

The best way to approach the week ahead is to pretend you don’t have a care in the world. It may not be true but if you think and act that way the universe will align itself with your imagination and magical things will start to occur.

LIBRA (Sept. 24 - Oct. 23):

As one of the zodiac’s cardinal signs you don’t scare easily and the more people try to bully you this week the more you will dig in your heels and refuse to do as they say. Hopefully they will get the message and harass someone else.

SCORPIO (Oct. 24 - Nov. 22):

Power planet Pluto is strong in your chart at the moment which means there could be a clash of egos at home or at work, or maybe both! Be smart and refuse to get angry with people who are clearly trying to rub you up the wrong way.

SAGITTARIUS (Nov. 23 - Dec. 21):

It’s not your way to keep your feelings to yourself but for some reason you have been bottling up your emotions for quite a while. At some point this week you must find a safe way to release that pressure. If not, it could get messy.

CAPRICORN (Dec. 22 - Jan. 20):

It’s not wrong to put your own interests first and where money matters are concerned you must look out for number one over the coming week. You don’t have to treat everyone you meet as a potential crook but you do need to be on your guard.

AQUARIUS (Jan. 21 - Feb. 19):

You are sensible enough to know that you can’t always get what you want and that awareness will give you an advantage over your rivals this week. While they are aiming for pie in the sky you will be focusing only on what is achievable.

PISCES (Feb. 20 - Mar. 20):

Like it or not you are going to have to deal with someone this week who, to put it mildly, is not your cup of tea. You cannot avoid doing business with them but you can prep yourself not to react to their stupidity and selfishness.

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