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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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Canada Condemns Israel Over Gaza Famine, Calls for Immediate Ceasefire

Palestinians carry sacks of flour unloaded from a humanitarian aid convoy that reached Gaza City from the northern Gaza Strip, Sunday, Aug. 24, 2025.

The Canadian government has sharply criticized Israel following a UN-backed assessment confirming that famine is occurring in parts of the Gaza Strip and spreading rapidly. The Integrated Food Security Phase Classification (IPC) reported extreme food deprivation, acute malnutrition, and starvation-related deaths, describing the crisis as entirely man-made and reversible if aid is allowed to flow freely.

Secretary of State for International Development Randeep Sarai said Ottawa is “deeply alarmed” by the deteriorating humanitarian situation, accusing Israel — as the occupying power — of failing to meet its obligations under international law by restricting the delivery of food and medical supplies. He urged an immediate ceasefire to enable large-scale humanitarian relief.

Israel has rejected the famine finding, citing increased aid truck entries under global pressure, though aid agencies maintain the current levels remain far below the 500–600 trucks per day needed. The dispute comes amid ongoing military operations, including recent airstrikes that killed civilians and journalists in Gaza City, which Israeli Prime Minister Benjamin Netanyahu called a “tragic mishap”.

The crisis underscores deep divisions over responsibility for Gaza’s humanitarian collapse, with Canada pressing for urgent action to prevent further loss of life.

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