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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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Wall Street Climbs as S&P 500 and Nasdaq Hit Fresh Records

U.S. stocks edged higher on Thursday, extending a bullish streak that pushed both the S&P 500 and Nasdaq Composite to new closing highs. The S&P 500 rose 0.3% to finish at 6,280.46, while the Nasdaq added 0.2%, marking its second consecutive all-time high.

The rally was fueled by strong corporate earnings and optimism around trade negotiations. Delta Air Lines surged 12% after posting upbeat quarterly results and restoring its earnings outlook, sparking a broader rally in airline stocks. United Airlines and American Airlines climbed 14.3% and 13.9%, respectively.

Tech enthusiasm remained strong, with Nvidia closing above a $4 trillion market cap, becoming the first public company to cross that threshold. Bitcoin also joined the rally, breaking past $113,000 amid renewed investor appetite for risk assets.

Despite fresh tariff threats from President Trump—including a proposed 50% levy on Brazilian imports—markets shrugged off geopolitical concerns. Investors instead focused on solid economic indicators, including a drop in jobless claims and steady consumer sentiment.

With momentum building across sectors, Wall Street appears poised to continue its upward trajectory, even as uncertainty around trade and interest rates lingers.



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