Canada Mortgage and Housing Corporation is predicting home prices and sales will fall from last year's levels by December.
But the federal housing agency says the declines won't blunt much of the market's heat.
Chief economist Bob Duggan says home ownership will be less affordable in the near-term because of higher mortgage rates and high price levels.
He also expects rental affordability will likely decline as well.
Upon arrival, officers located a male victim in his twenties. The man sustained non-life-threatening injuries. The initial investigation suggests that this incident was not random.
The 65-year-old driver was heading west near Nootka Street and East 6 Avenue, when the Chevrolet Malibu he was driving suddenly veered off the road and struck a pole at about 7:35 p.m. The driver went into medical distress and died after being taken to hospital.
Trudeau is fresh off a week of cross-country travel focused on Canada's push to expand its battery and electric-vehicle industries, part of a broader goal to get more competitive on clean technology. Senior Liberals are expected to use the retreat to hammer out political and policy priorities for the months ahead, keeping in mind their confidence-and-supply deal with the NDP.
The U.S. describes the program, which will allow ordinary Americans to privately sponsor refugees, as the boldest innovation in refugee resettlement in four decades. They also acknowledge that it borrows heavily from Canada, where citizens have been able to privately help resettle refugees since the 1970s.
At a news conference in Toronto, Trudeau says he's asked the clerk of the Privy Council to look at the government's procurement practices to make sure they are getting good value for money. The government mandated the use of the ArriveCan app during the COVID-19 pandemic as a way to screen travellers crossing the border into the country.
The Vancouver-based company also says it plans to pay a special one-time dividend of US$1.08 per share to its own shareholders, contingent on the deal closing. Ritchie Bros. is now offering US$12.80 per share in cash and 0.5252 of a Ritchie Bros. share for each IAA share, making the offer worth about US$44.40 per share based on the company's share price Friday.