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.
Permanent residents can now apply to join the Canadian Armed Forces, regardless of whether they have been trained by a foreign military. It's the latest effort by Canada's military to boost recruitment numbers, which are lagging well behind the target of adding 5,900 new members by March.
Safeguard Defenders - a not-for-profit human rights group - says two of the new locations are in Canada: one in Vancouver and the second unknown. The group's previous report alleges employees from the overseas police system use intimidation and threats to enforce the “involuntary" return of immigrants back to China for persecution.
Provincial health officer Dr. Bonnie Henry says after two years of low rates of flu, mostly due to travel restrictions, the province is seeing a "dramatic increase" in illness and it arrived sooner than normal.
BC Assessment says in a statement that most owners can expect to see a five to 15 per cent rise in values when notices are issued Jan. 3. However, it says those figures are based on the real estate market as of July 1, 2022, and conditions have changed.
Delta Mayor George Harvie says some drivers from Delta were stranded in their cars for up to 10 hours, while those in other parts of the region have told media that 45-minute commutes turned into 12 hours of gridlock.
A person who was with the man when he began firing quickly fled and called 9-1-1, reporting that the shooter had been acting strangely for several days. VPD officers surrounded the building and evacuated neighbours who were in harm’s way so they could begin communicating with the suspect.