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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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Ontario Under Ice: Icy Conditions Disrupt Travel as Weekend Storm Approaches

 

Ontario residents are facing hazardous travel conditions this Thursday as a mix of ice, snow, and freezing rain disrupts roadways and public transit. Several school boards in the Greater Toronto and Hamilton Area have canceled bus services—and in some areas, schools have closed—to help ensure safety amid the treacherous conditions .

Meteorologists report that slick roads and a bitter wind chill, with temperatures feeling as low as –11 °C this morning, have created significant delays for commuters . As the day progresses, temperatures are expected to gradually rise to around 2 °C; however, the early winter conditions continue to challenge drivers across the province .

Authorities and weather experts are also keeping a close eye on a larger storm system predicted to hit Ontario this weekend. The incoming storm is expected to bring an additional 5–10 centimetres of snow in localized areas, compounding current disruptions and urging caution among those with travel plans .

Travelers and residents are advised to monitor local weather updates and exercise extra caution on icy roads. With a mix of wintry precipitation continuing to evolve, staying informed is key to navigating Ontario’s winter challenges safely.

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