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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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From Ceasefire to Full Accord: Trump’s Alaska Pivot on Ukraine Peace

US President Donald Trump and Russian President Vladimir Putin walk to a joint news conference on Saturday

In a dramatic shift following his high-profile summit with Russian President Vladimir Putin in Anchorage, Alaska, U.S. President Donald Trump announced that his administration will now pursue a direct peace agreement to end the war in Ukraine — abandoning his earlier push for a ceasefire.

The nearly three-hour meeting, the first in-person encounter between the two leaders since 2019, ended without a formal deal but with both sides claiming “productive” discussions. Trump said many points had been agreed upon, though key issues — potentially including contested territory in eastern Ukraine — remain unresolved.

Ukrainian President Volodymyr Zelenskyy, who was not present at the Alaska talks, is set to meet Trump in Washington on Monday. European leaders have reiterated that any settlement must involve Kyiv directly and respect Ukraine’s territorial integrity.

While Putin praised the talks as a step toward restoring U.S.-Russia relations, analysts warn that Trump’s pivot could signal alignment with Moscow’s demands, raising concerns in Kyiv and across Europe about the future of the conflict.

The path forward remains uncertain, but the Alaska summit has clearly reshaped the diplomatic landscape — and set the stage for tense negotiations in the weeks ahead.

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