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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’s Name Found in Epstein Files, Sparks Lawsuit and Political Fallout

 

President Donald Trump was reportedly informed by Attorney General Pam Bondi in May that his name appears “multiple times” in documents related to Jeffrey Epstein, according to a Wall Street Journal investigation. These documents, reviewed during a Justice Department probe, contain unverified claims and hearsay about individuals who had associated with Epstein prior to his 2006 conviction.

Despite being briefed, Trump publicly denied knowledge of his name appearing in the files. The Justice Department ultimately decided not to release further Epstein-related materials, citing the presence of child sexual abuse content and the need to protect victim identities.

The controversy intensified after the Journal published details of a 2003 birthday letter allegedly sent by Trump to Epstein, which included a sexually suggestive drawing and cryptic messages. Trump denied authoring the note and has since filed a $20 billion defamation lawsuit against the Journal, its parent company, and its reporters.

The DOJ has also sought to unseal grand jury transcripts from Epstein’s earlier investigations, but federal judges have denied the requests due to legal constraints.

This revelation has sparked backlash among Trump’s supporters, many of whom had expected the Epstein files to implicate political opponents. The case continues to fuel public demand for transparency and accountability in the handling of Epstein’s legacy.


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