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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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Tariff Shock: U.S. Duties Hit $48.2B Worth of Indian Exports

 

                                            Workers at a manufacturing unit make leather footwear in Agra, India, on Monday.


The United States has officially implemented steep new tariffs on Indian goods, escalating trade tensions between the two nations. Effective August 27, 2025, the duties—raised from 25% to 50%—target a wide range of products, threatening approximately $48.2 billion in Indian exports.

Key sectors facing the brunt include textiles, gems and jewellery, shrimp, steel, and agricultural products, with industry experts warning of severe competitiveness losses in the U.S. market. Pharmaceuticals, energy, and electronics remain exempt, offering limited relief.

The tariff hike follows Washington’s criticism of New Delhi’s continued purchase of Russian oil, which U.S. officials argue indirectly funds Moscow’s war in Ukraine. India has defended its stance, citing energy security and economic necessity, while Prime Minister Narendra Modi has urged citizens to “buy Indian” to cushion the blow.

Analysts caution that the move could disrupt supply chains, cost jobs in export hubs, and push India to deepen trade ties with alternative partners, including BRICS nations. With no resolution in sight, the tariff standoff marks a sharp turn in U.S.–India relations, once seen as poised for a landmark trade deal.

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