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.
Dr. Kieran Moore's advice came as pediatrics hospitals have been overwhelmed in recent weeks by a massive influx of very sick patients. COVID-19 is still circulating, but the larger threats to young children at the moment are influenza and respiratory syncytial virus, or RSV, he said, noting that capacity in children's hospitals is at 100 per cent.
The agency, which had previously announced it was importing acetaminophen and ibuprofen to be distributed to hospitals, said the new retail supply should help families struggling to treat their sick children.
A cap on greenhouse gas emissions from Canada's oil and gas sector will be ready by the end of next year, Environment Minister Steven Guilbeault said Monday. In an interview from Egypt where he is attending the 27th instalment of the United Nations climate talks, Guilbeault said the government is developing the regulations in "record time."
Zachary Armitage and James Lee Busch are charged with killing 60-year-old Martin Payne in July 2019, a day after the pair walked away from William Head Institution, located about eight kilometres from the victim's home in Metchosin.
As of 2021, there were more than eight million immigrants with permanent residence living in Canada - roughly 21.5 per cent of the total Canadian population. In the same year, nearly 100,000 Indians became permanent residents of Canada as the country admitted a record 405,000 new immigrants in its history.
With the final federal public-health restrictions having been lifted in September, NDP health critic Don Davies said it's about time for the government to look back at whether appropriate actions were taken to manage the crisis.