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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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Ottawa Holds Firm on Canola Tariffs Amid China Trade Tensions

 

                                            A canola plant in full bloom is pictured near Cremona, Alta.


Canada is demanding clarity from Beijing before considering any concessions on steep tariffs imposed on Canadian canola exports. The move comes after China announced a preliminary anti-dumping duty of 75.8% on Canadian canola seed, escalating a trade dispute that began with Ottawa’s tariffs on Chinese electric vehicles last year.

Canadian Agriculture Minister has emphasized that any resolution must be based on transparency and fairness. “We need certainty and a clear path forward before we can entertain any concessions,” the minister stated, underscoring the importance of protecting Canada’s $43-billion canola industry, which supports over 200,000 jobs nationwide.

China, the world’s largest importer of canola, claims Canadian exporters have been dumping product below market value, a charge Ottawa firmly denies. The Canola Council of Canada warns that the new tariffs could effectively shut Canadian producers out of the Chinese market, which was valued at nearly $5 billion in 2023.

As tensions mount, industry leaders and provincial officials are urging the federal government to prioritize the canola sector in its trade strategy. Saskatchewan Premier Scott Moe called for immediate action, arguing that the canola industry deserves equal protection compared to other sectors like steel and electric vehicles.

With China’s investigation set to conclude in September—though it could be extended—Ottawa is navigating a delicate balance between defending domestic industries and maintaining critical trade relationships.


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