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.
The two-day visit to Thailand is for Trudeau to take part in the leaders' meeting of the Asia-Pacific Economic Cooperation forum, a group of 21 economies on both sides of the Pacific that work together to break down barriers to trade.
The agreement from the UN conference in Scotland last year called for countries to move faster to get rid of coal-fired electricity plants that are not abated with technology to capture emissions. India is pushing to add oil and gas to that paragraph in this year's final pact.
Police have said pilot Abhinav Handa, Hankun Hong, Gene Lahrkamp and Duncan Bailey died in the crash near Sioux Lookout after departing from Dryden, Ont. British Columbia's anti-gang unit has said Lahrkamp was wanted in Thailand for murdering another man with links to B.C. gangs.
"China today is not the China of the past," Ng told reporters in Bangkok where she is attending the Asia-Pacific Economic Cooperation forum meetings alongside Prime Minister Justin Trudeau.
Omar Alghabra says that he participated in a briefing from chief public health officer Theresa Tam this morning. He says the government will continue to follow advice from doctors and will maintain the recommendation for now.
David Eby, who will be sworn in on Friday as B.C.'s 37th premier, said his government will take charge of restoring the low-income area, which is plagued by crime, addiction, homelessness and mental health trouble.