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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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How U.S. Tariffs on Canada Could Drive Up Prices for Consumers


With the possibility of new U.S. tariffs on Canadian imports, consumers may soon see higher prices on everyday goods. Canada is a key trade partner, supplying everything from raw materials to finished products. If tariffs are imposed, here’s what could get expensive first:

  1. Lumber & Construction Materials – Canada is the largest foreign supplier of softwood lumber to the U.S. Tariffs could raise homebuilding and renovation costs.
  2. Vehicles & Auto Parts – Canadian auto plants export billions in cars and parts annually. Higher costs could lead to increased vehicle prices.
  3. Food & Beverages – From maple syrup to seafood, Canadian agricultural exports would likely see price hikes at U.S. grocery stores.
  4. Aluminum & Steel Products – These metals are essential for industries like aerospace, construction, and beverage packaging, meaning everything from soda cans to airplanes could get pricier.
  5. Energy & Fuel – Canada is a major oil and gas supplier. Tariffs on crude oil imports could lead to higher gas prices at the pump.

While the U.S. could use tariffs as a tool for trade negotiations, the economic impact on consumers and industries would be hard to ignore. Whether these measures are implemented remains to be seen, but the potential for price increases is real.

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