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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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Ontario Moves Ahead With $1.5‑Billion Underwater Power Link

                 The Darlington Nuclear Generating Station in Bowmanville, Ont., pictured in November 2022.    


Ontario is moving forward with a major $1.5‑billion project to build an underwater electricity transmission line beneath Lake Ontario, a first for the province and a significant step toward securing Toronto’s long‑term energy needs.

The new line will carry up to 900 megawatts of power from the Darlington Nuclear Generating Station to Toronto’s eastern downtown, providing enough electricity to supply roughly 900,000 homes. Provincial planners say Toronto’s grid is on track to reach capacity in the 2030s, driven by rapid population growth, new transit lines, and major developments across the city.

By routing the cable underwater, the province avoids the constraints of building new transmission corridors through dense urban areas. Officials describe the project as essential to “future‑proofing” the city’s electricity system and ensuring reliable power for decades.

Construction is expected to take between seven and ten years, with completion targeted around 2037.


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