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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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Poilievre Declines Severance After Election Defeat, Signaling Fiscal Responsibility

Conservative Leader Pierre Poilievre has declined the severance package offered to defeated Members of Parliament following his unexpected loss in the Ontario riding of Carleton. Poilievre, who had held the seat for two decades, was defeated by Liberal candidate Bruce Fanjoy in a closely contested race.  

Despite the setback, Poilievre remains committed to his principles of fiscal responsibility, rejecting the severance that MPs typically receive upon losing their seats. His decision aligns with his long-standing stance on government spending and accountability.  

Poilievre’s loss has sparked discussions about his future in the Conservative Party, with some members rallying behind him while others question his leadership moving forward. However, his rejection of severance sends a clear message about his commitment to financial prudence, a key pillar of his political ideology.  

As the political landscape shifts, Poilievre’s next steps will be closely watched, particularly as the Conservative Party navigates its path forward in the wake of the election results.

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