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 statement from the Surrey Police Union says 94 per cent of its members have signed a pledge to refuse to apply to, or join, the Mounties, if newly elected Surrey Mayor Brenda Locke makes good on a campaign promise to cancel the city's switch from the national police force to a municipal one.
The victim, a convenience store, shared that when the suspect was spoken to about not paying for ice cream, he began to strike the staff member and brandished a knife. Charges related to assault with a weapon and breach of conditions are being recommended.
In that scenario, the Canadian economy would contract by 0.3 per cent in 2023 and grow by 1.3 per cent in 2024. The PBO says this analysis represents only one of many possible scenarios that could play out in the Canadian economy.
The data showed a large reduction in the backlog of temporary residence applications while the permanent residence backlog registered a slight increase. The permanent residence inventory stood at 506,421 people as of November 3, compared to 505,562 as of October 3.
Chief public health officer Dr. Theresa Tam said Thursday in a virtual update that the triple threat of all three viruses is posing a challenge for the health system in several parts of the country and points to the need for "stepped up precautions."
Robert Leeming, who is 37, pleaded guilty to the second-degree murder of Jasmine Lovett, but not guilty in the death of 22-month-old Aliyah Sanderson. He was convicted earlier this year of second-degree murder in the child's death.