Housing Recovery Watch: RBC says Canada’s housing market recovery is still fragile, with June resales up just 0.5% from May and transactions still running about 12% below the 10-year average—“long road ahead” as inventories stabilize but a sustained rebound hasn’t arrived. Construction Pipeline: CMHC reports housing starts fell 6% in June vs May (seasonally adjusted annual rate 238,971), while units under construction in larger centres edged up and completions rose 8.4%, keeping the build pipeline mixed. Market Signals: CREA again nudged its 2026 home-sales outlook down, projecting 463,336 sales (down 1.4% from 2025) and a modest 1.1% annual price rise—stability, not a boom. Wildfire Smoke Disruptions: Air quality warnings hit Stratford and the broader region as wildfire smoke worsened health risks and forced cancellations, a reminder that extreme weather can quickly disrupt daily life and housing-related decisions. Interprovincial Barriers: An Ontario Chamber report urges steps toward a single Canadian market, calling out housing and construction frictions that raise costs and delay projects. Data Centres & Indigenous Rights: Indigenous advocates at the UN pushed for stronger protections and meaningful consent around AI data-centre development, especially where water and land pressures are high. Infrastructure Buildout: AtkinsRéalis and Siemens Mobility signed on TramCité systems work in Québec City, adding another major transit project to the construction calendar.