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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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Alberta Teachers Strike Sparks Massive Rally at Legislature

            Teachers and supporters take part in a rally on World Teachers' Day in Edmonton on Sunday.


Thousands of teachers, parents, and supporters filled the grounds of the Alberta Legislature on Sunday, rallying in solidarity as the province braces for its first provincewide teachers’ strike in over two decades.

The Alberta Teachers’ Association (ATA), representing more than 51,000 educators, says the strike is about more than wages. Teachers are demanding smaller class sizes, increased staffing, and better resources to address what they describe as a “crisis” in public education.

“Public education is the foundation of a strong democratic society,” said Heather Quinn, president of ATA Local 37, urging Albertans to stand up for the future of schools. ATA president Jason Schilling echoed the call, telling the crowd that educators are fighting for conditions that allow them to properly support students.

The provincial government, led by Premier Danielle Smith, has offered a 12% wage increase over four years and pledged to hire 3,000 new teachers. But the union argues that at least 5,000 more are needed to keep pace with growing enrollment and to prevent students from “falling through the cracks.”

If no deal is reached, classes for more than 700,000 students across 2,500 schools will be suspended, with extracurricular activities and field trips also cancelled. Parents and communities are now preparing for significant disruptions as negotiations continue.

For many at the rally, the message was clear: investing in education is investing in Alberta’s future.


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