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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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Trump’s Last-Minute Demands Throw Government Funding Plan into Disarray


In a dramatic turn of events, President-elect Donald Trump has rejected a bipartisan plan aimed at preventing a government shutdown just days before the deadline. This unexpected move has left House Speaker Mike Johnson and Republicans scrambling to renegotiate the terms to keep the government operational.

Trump's sudden demands have sent Congress into chaos as lawmakers rush to conclude their work and head home for the holidays. The president-elect's proposal includes a controversial provision to raise the nation’s debt limit, a measure often opposed by his own party.

Democrats have criticized the Republican opposition to the stopgap measure, which was intended to keep federal offices running and provide significant disaster aid. House Democratic Leader Hakeem Jeffries accused Republicans of being instructed to shut down the government, thereby harming working-class Americans.

The bill, already on shaky ground, faced further rejection from hard-right conservatives and Trump’s ally, Elon Musk. Many lawmakers expressed dissatisfaction with the increased spending and other provisions in the 1,500-page bill.

As the deadline looms, the situation underscores the challenges Republicans will face next year as they take control of the House, Senate, and White House. It also highlights the significant influence Trump holds over the party’s legislative agenda.

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