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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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Zelensky Heads to Washington as Trump Shifts Focus to Full Peace Deal After Failed U.S.-Russia Ceasefire Talks

 

U.S. President Donald Trump and Russia's President Vladimir Putin at a news conference in Anchorage, Alaska, on Friday.


Ukrainian President Volodymyr Zelensky will meet U.S. President Donald Trump at the White House on Monday, just days after a high-profile U.S.-Russia summit in Alaska ended without securing a ceasefire in Ukraine.

The Alaska talks between Trump and Russian President Vladimir Putin produced no agreement to halt the fighting, but Trump emerged advocating for a comprehensive peace agreement rather than a temporary truce — a stance that aligns with Moscow’s position.

Zelensky, who was not invited to the summit, said he held a “long and substantive” conversation with Trump early Saturday and welcomed the invitation to Washington. The two leaders are expected to discuss “all of the details regarding ending the killing and the war,” with Trump suggesting that, if progress is made, a trilateral meeting with Putin could follow.

European leaders, briefed by Trump after the summit, expressed readiness to support a three-way meeting and pledged to maintain pressure on Russia until a “just and lasting peace” is achieved.

The meeting will mark Zelensky’s first visit to the U.S. since a tense Oval Office exchange with Trump earlier this year. It comes as the war — now in its fourth year — continues to claim lives daily, with both sides showing no sign of slowing military operations.

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