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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: July 12, 2024

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

As love planet Venus opposes passion planet Pluto on your birthday there are sure to be some strong emotions flying about over the coming year. Make sure you keep a clear dividing line between affairs of the heart and your financial and business interests.

ARIES (March 21 - April 20):

You should be at peace with the world now that love planet Venus has moved into your fellow fire sign of Leo. However, don’t let that blind you to the fact that not everyone you deal with is likely to be honest. Keep your wits about you.

TAURUS (April 21 - May 21):

You won’t find cash hard to come by today and over the weekend but you may find it hard to hold on to. Still, if spending money makes you happy then go for it – and spend some on other people too so the happiness gets spread around.

GEMINI (May 22 - June 21):

Good fortune is most likely to come your way from a friend or from a group of people with whom you have close social links. The more you get out and about today the more likely it is you will gain on both a personal and a professional level.

CANCER (June 22 - July 23):

It does not matter if the whole world is moving in one direction – if your inner voice tells you to move in the opposite direction then that is what you must do. Refusing to follow the crowd did you no harm in the past and can’t harm you now.

LEO (July 24 - Aug. 23):

Life looks good at the moment and will look even better if you refuse to worry yourself with the sort of petty concerns that some people get riled up about. If everyone had such a positive outlook on life the world would be a much nicer place.

VIRGO (Aug. 24 - Sept. 23):

Go out of your way to be agreeable with everyone you meet today, even those people who tend to rub you up the wrong way the moment they open their mouths. Your positive attitude will have an encouraging knock-on effect on those around you.

LIBRA (Sept. 24 - Oct. 23):

Can wishes come true? They can if you believe in them enough and if you are prepared to back up your dreams with hard work. Some people say Librans are too lazy to fulfil their potential but you will prove them wrong today and over the weekend.

SCORPIO (Oct. 24 - Nov. 22):

It may be true that negative thoughts attract negative results but the opposite is true as well and if you adopt an optimistic outlook today then good things will come your way. Cosmic attraction is a real power that you can harness for your own benefit.

SAGITTARIUS (Nov. 23 - Dec. 21):

Take time out of your busy schedule to let someone know how much you love them. Chances are they know already but it never hurts to labor the point and Venus in one of the best areas of your chart will make it easy for you to be affectionate.

CAPRICORN (Dec. 22 - Jan. 20):

Don’t worry if you don’t feel like making much of an effort today as there is always tomorrow and the day after that and … One of the things you need to do less of is to set yourself rigid goals and deadlines. Take life as it comes.

AQUARIUS (Jan. 21 - Feb. 19):

With love planet Venus moving though the relationship area of your chart you won’t be able to hide your feelings for a special person – and why would you want to? You may not be the most emotional member of the zodiac but you have your moments!

PISCES (Feb. 20 - Mar. 20):

If you have fallen out with a friend or a work colleague then take steps today to get your relationship back on track. You have a lot more in common than what keeps you apart, so resolve your differences and find ways to get along.

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