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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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Israel Declares Gaza City a Combat Zone, Halts Humanitarian Pauses Amid Escalating Offensive

An Israeli army battle tank in the Gaza Strip near the border with southern Israel on Friday. Israel is preparing to widen its offensive in Gaza City.

Israel’s military has suspended its daily “tactical pauses” in Gaza City, ending the midday windows that had allowed humanitarian aid to enter the besieged area. Officials described the city as a “dangerous combat zone” as tens of thousands of troops mobilised for what they called the initial stages of a major offensive.

The pauses, previously in place from 10 a.m. to 8 p.m., also applied to Deir al-Balah and Muwasi, where hundreds of thousands of displaced Palestinians have been sheltering. Aid agencies warn that the suspension will further restrict access to food, water, and medical supplies in a city already facing famine conditions.

Israel has long described Gaza City as a Hamas stronghold, citing an extensive tunnel network beneath its streets. The United Nations has cautioned that a full-scale invasion could cut the territory’s hospital bed capacity in half, deepening the humanitarian crisis.

The move comes amid intensified air and ground strikes, with residents reporting relentless bombardment in several neighbourhoods. Humanitarian groups say the escalation will make aid delivery “nearly impossible” and could displace up to one million more people.

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