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.
A release from the City of Campbell River says the slide happened about 7 p.m. Tuesday, affecting the Hillside Place and neighbouring Beechwood Manor condos. The city says no one was hurt, but evacuation of the buildings at 738 and 758 Island Highway South was ordered as a precaution.
The incident took place at 2pm and Emergency crews were on scene. Highway 1 is now reopened. Pedestrian is recovering in hospital with non-life threatening injuries.
Police say a man with potentially life-threatening injuries was also found in the home and another man was taken into custody. The injured man was transported to hospital for medical treatment.
Multiple media reports say Grygorii Tsekhmistrenko died on Sunday near the city of Bakhmut. A friend of Tsekhmistrenko's spoke with The Canadian Press while on his way to meet the fighter's family to help make funeral arrangements.
Mounties seized approximately 36 pounds of crystal methamphetamine, 4 kg of pure fentanyl, more than 700 pounds of marihuana bud, approximately $20,000.00 in cash, and a cache of precursor chemicals for the production of fentanyl.
On January 11th, a West Vancouver woman in her 30s was arrested by investigators for Fraud over $5000. Its is alleged the employee was hired by a local business in North Vancouver. During her employment from June to September 2021, it is alleged she made several large refunds to her personal credit cards.