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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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Carney Unveils Historic Military Pay Boost to Strengthen Canadian Forces



In a landmark move to revitalize Canada’s military recruitment and retention, Prime Minister Mark Carney announced a sweeping pay increase for members of the Canadian Armed Forces during a visit to CFB Trenton on Friday.

The most notable change is a 20% raise in starting pay for Regular Force privates, boosting their annual salary from $43,368 to $52,044. Reservists will see a 13% increase, while higher-ranking officers will receive more modest raises—13% for lieutenant-colonels and below, and 8% for colonels and above.

The pay hikes are retroactive to April 1, 2025, and form part of a broader $9.3 billion defence investment aimed at meeting NATO’s 2% GDP spending target. Additional compensation measures include lump-sum payments based on years of service, a new Military Service Pay benefit, and targeted recruitment allowances for critical roles.

Carney emphasized that the initiative reflects the government’s commitment to “rebuilding, rearming, and reinvesting” in the Armed Forces, ensuring that those who serve are compensated in line with the demands and sacrifices of military life.

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