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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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Wall Street Futures Slip as Strong Jobs Data Clouds Rate Outlook

U.S. stock futures traded cautiously on Tuesday as investors digested a delayed November jobs report that showed stronger-than-expected payroll growth but a simultaneous uptick in the unemployment rate. The mixed signals left markets wavering, with traders weighing the implications for Federal Reserve policy heading into 2026.

Market Snapshot

  • Dow Jones Industrial Average futures fell about 72 points, or 0.2%.
  • S&P 500 futures slipped 0.3%.
  • Nasdaq futures dropped 0.4%, reflecting continued weakness in technology shares.

Jobs Report Impact
The employment data revealed that hiring remained resilient, beating consensus forecasts. However, the unemployment rate edged higher, suggesting that while demand for labor persists, cracks are appearing in the broader job market. This dual outcome complicates the Federal Reserve’s path: stronger payrolls argue against aggressive rate cuts, while rising unemployment underscores risks to economic momentum.

Sector Pressure
Technology stocks continued to drag on futures, with AI-linked companies such as Oracle and Broadcom under pressure following disappointing earnings. Broader equity sentiment was also dampened by global trade tensions and investor caution ahead of additional economic releases later this week.

Investor Outlook
Markets remain in “wait-and-see” mode. Traders are reluctant to take big positions until more clarity emerges from upcoming inflation data and the Fed’s policy signals. The jobs report has reinforced the delicate balance between hopes for easing rates and fears of a slowing economy.


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