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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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Zelenskiy Secures EU and NATO Support Ahead of High-Stakes Trump-Putin Summit

 

  FILE PHOTO: Ukraine's President Volodymyr Zelenskiy and US President Donald Trump meet, while they attend the funeral of Pope Francis, at the Vatican.                                     


Ukrainian President Volodymyr Zelenskiy has won strong backing from both the European Union and NATO as he pushes for a seat at the upcoming U.S.-Russia summit between Donald Trump and Vladimir Putin, scheduled for August 15 in Alaska. The summit, aimed at exploring a resolution to the 3.5-year war in Ukraine, has sparked concern in Kyiv that decisions may be made without Ukraine’s direct involvement.

Trump has floated the idea of a territorial swap between Russia and Ukraine, a proposal that has alarmed Ukrainian officials and European allies. Zelenskiy firmly rejected any deal made without Ukraine, calling such decisions “stillborn” and “unworkable.” European leaders—including those from Britain, France, Germany, and the European Commission—issued a joint statement emphasizing that any diplomatic solution must safeguard Ukraine’s sovereignty and Europe’s security interests.

NATO Secretary General Mark Rutte echoed this sentiment, stating that Ukraine must be recognized as a sovereign nation with the right to determine its own geopolitical future. While Trump remains open to Zelenskiy’s participation in the summit, current plans suggest a bilateral meeting with Putin.

As tensions rise, Europe has reportedly drafted a counterproposal to Trump’s plan, though details remain undisclosed. Zelenskiy expressed gratitude for the international support, reiterating that “the end 

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