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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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Defiance in the Skies: Air Canada Flight Attendants Press On with Strike Despite Ruling

 

                                   Striking flight attendants at Vancouver International Airport on Sunday.

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Air Canada’s labour dispute escalated Monday as thousands of flight attendants vowed to remain on strike, openly defying a Canada Industrial Relations Board (CIRB) ruling that declared the work stoppage illegal.

The CIRB ordered the Canadian Union of Public Employees (CUPE), which represents roughly 10,000 flight attendants, to end the strike and direct members back to work by noon Eastern Time. The decision followed a weekend of travel chaos, with an estimated 500,000 passengers affected since the walkout began on August 16.

CUPE leadership, however, rejected the directive, insisting that a fair resolution must be reached at the bargaining table before service resumes. National President Mark Hancock said members were prepared to face fines or even jail time rather than comply.

The federal government had invoked a rarely used provision of the Canada Labour Code to push both sides into binding arbitration, a move that has drawn criticism from major unions nationwide. Air Canada maintains it is ready to restart operations as soon as the strike ends, but with both sides entrenched, travellers remain caught in the middle.

Airports across the country continue to see picket lines, as the dispute over pay and working conditions shows no sign of immediate resolution.



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