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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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Putin Stands Firm on Ukraine at Year-End Press Conference

Russian President Vladimir Putin at his annual end-of-year press conference and phone-in in Moscow.

At his annual marathon press conference in Moscow on December 19, 2025, Russian President Vladimir Putin reiterated that Russia’s conditions for ending the war in Ukraine remain unchanged from those he outlined in June 2024. Despite ongoing diplomatic pressure from the United States and European allies to reach a settlement, Putin offered no indication of compromise.

Putin emphasized that while there were “certain signals” from Kyiv suggesting a willingness to engage in dialogue, he did not see genuine readiness for a peace deal. He insisted that Russia was prepared to end the conflict peacefully, but only on the basis of principles he previously set out — including Ukraine abandoning ambitions to join NATO and addressing what he described as the “root causes” of the crisis.

The press marathon, which typically lasts several hours, showcased Putin’s hardline stance. He framed the responsibility for progress as lying with Ukraine and its Western allies, stating that the “ball is in their court.” Meanwhile, U.S. negotiators continue to push for a breakthrough, with President Donald Trump aiming to secure a peace deal by Christmas.

Putin also highlighted Russia’s battlefield position, claiming Moscow was in a position of strength and signaling that further territorial gains in eastern Ukraine were possible before year’s end. His remarks underscore the Kremlin’s determination to maintain pressure while resisting concessions, leaving little room for optimism in the near-term peace efforts.

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