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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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Canada and UAE Deepen Economic Ties with Landmark Investment Pact

 

                               Carney signs UAE investment pact, launches trade talks during Abu Dhabi visit.


Canadian Prime Minister Mark Carney has signed a foreign investment protection agreement with the United Arab Emirates during his visit to Abu Dhabi, marking a significant step in strengthening bilateral economic relations. The pact establishes clear rules for private sector deals and is expected to encourage larger cross-border investments.

Alongside the agreement, both countries formally launched negotiations for a free trade deal, aiming toward a comprehensive economic partnership. This initiative could expand cooperation in key sectors such as energy, agriculture, infrastructure, and artificial intelligence, reflecting Canada’s ambition to diversify its global trade portfolio.

Carney’s trip is notable as the first visit by a Canadian prime minister to the UAE since 1983, underscoring the strategic importance of the Gulf nation in Canada’s foreign policy. The visit also comes amid international scrutiny of the UAE’s role in Sudan, adding a layer of geopolitical complexity to the talks.

During his stay, Carney met with Sultan Ahmed al-Jaber, the UAE’s Minister of Industry and Advanced Technology, and toured cultural landmarks, signaling a broader diplomatic engagement beyond trade. The investment pact and trade talks are expected to lay the groundwork for deeper economic integration between Canada and the UAE, potentially opening new opportunities for Canadian businesses in the Middle East.

In summary: Carney’s Abu Dhabi visit has produced a landmark investment pact and initiated trade negotiations, positioning Canada to expand its economic footprint in the Gulf region.

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