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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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Your daily horoscope: January 27, 2026

 

IF TODAY IS YOUR BIRTHDAY

You will be in a commanding mood over the next 12 months, the sort of mood where you don’t suffer fools and you don’t take prisoners. And why should you when you know all the answers, or at least the ones that are important to you?

ARIES (March 21 - April 20):

If you feel the need to spend some time alone then do so and don’t feel guilty about it. Even an Aries has days when it all gets too much and you need to keep the world at arm’s length. You will be raring to go again tomorrow.

TAURUS (April 21 - May 21):

Like it or not you will have to show your face and maybe even say a few words today. You may be a very private person but with so much going on career-wise you can and you must get yourself noticed. Your future could depend on it.

GEMINI (May 22 - June 21):

It’s not often you are this ambitious but over the next few days you will be determined to push ahead with your plans and push past obstacles that in former times might have held you back. Now they can be brushed aside with ease.

CANCER (June 22 - July 23):

Something you found difficult in the past will come easier to you over the next few days and it won’t be long before you become a bit of an expert at it. Make that expertise count by finding ways to make money from it.

LEO (July 24 - Aug. 23):

You have never been the sort to explain yourself and you are not about to start now. However much pressure friends and colleagues may bring to bear there is nothing they can do to force you to change your mind, still less to change your ways.

VIRGO (Aug. 24 - Sept. 23):

If any of your rivals are hoping you will crack under pressure they are going to be disappointed. They may have all the power on their side at the moment but you have mastered the art of passive resistance – you just can’t be beat.

LIBRA (Sept. 24 - Oct. 23):

You will need to remind yourself today that a life in which you never take chances is hardly a life at all. Today’s Mars-Pluto union could make you a bit reckless but even if you get something wrong it won’t be the end of the world.

SCORPIO (Oct. 24 - Nov. 22):

You should be feeling hugely positive about your prospects now both at work and in your private affairs. With Pluto, your ruler, linked to Mars today you can be a force to be reckoned with. You will also, inevitably, make a few enemies.

SAGITTARIUS (Nov. 23 - Dec. 21):

Resist the urge to get angry with someone who has failed to live up to your exacting standards. There is a real possibility that on this occasion, and maybe others, your standards are too high. Not everyone can be a superhero like you!

CAPRICORN (Dec. 22 - Jan. 20):

It’s good that you want to talk things through with friends and family members but don’t give too much away. There is some information they don’t need to know about – information that could embarrass you immensely if it became public knowledge.

AQUARIUS (Jan. 21 - Feb. 19):

Planetary activity in your birth sign will make it easy for you to win others round to your way of thinking. It will also make it easy to believe that you alone possess the key to long-term success, not those who judge your every move.

PISCES (Feb. 20 - Mar. 20):

You will be thinking some really deep thoughts today and they may scare you a bit. The good news is that no matter how scary they may be they cannot possibly hurt you. Why? Because they are phantoms of the mind, nothing more.

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