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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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Nestlé Ousts CEO Laurent Freixe Amid Leadership Crisis Over Undisclosed Relationship

 

Nestlé has dismissed CEO Laurent Freixe after just one year in the role, following an internal investigation into an undisclosed romantic relationship with a direct subordinate — a breach of the company’s code of business conduct. The move marks the Swiss food giant’s second CEO departure in a year, deepening its leadership instability.

Freixe, a nearly 40-year Nestlé veteran, initially denied the relationship when concerns were raised through the company’s internal reporting channel, but a subsequent probe — overseen by Chairman Paul Bulcke and independent counsel — confirmed the violation. He will receive no exit package.

Philipp Navratil, head of Nespresso and a long-time company executive, has been appointed as the new CEO. The leadership shake-up comes as Nestlé faces slowing sales, U.S. tariff pressures, and waning investor confidence. Shares dipped 0.8% in Zurich following the announcement.

This latest scandal places Nestlé among a growing list of global corporations forced to remove top executives over undisclosed workplace relationships, echoing high-profile exits at BP and McDonald’s in recent years.


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