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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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Rubio Strengthens Outreach to Eastern Europe Amid Conservative Alignment

    
               US Secretary of State Marco Rubio arrives at Bratislava Airport in Bratislava 


U.S. Secretary of State Marco Rubio has launched a diplomatic tour through Slovakia and Hungary, aiming to reinforce Washington’s ties with two governments whose leaders maintain notably warm relationships with President Donald Trump. The trip highlights a strategic effort to deepen cooperation with conservative-leaning partners at a moment when broader transatlantic relations continue to evolve.

Rubio’s meetings with Slovak Prime Minister Robert Fico and Hungarian Prime Minister Viktor Orbán are expected to focus on energy security, NATO commitments, and regional stability. Both countries have taken political stances that diverge at times from mainstream EU positions, making U.S. engagement particularly significant.

The visit follows Rubio’s appearance at the Munich Security Conference, where he emphasized the importance of revitalizing alliances despite policy disagreements. His stops in Eastern Europe signal a continued push to maintain strong bilateral relationships and engage leaders aligned with Trump-era geopolitical priorities.

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