Close X
Saturday, November 16, 2024
ADVT 
National

CMHC is predicting home prices and sales will fall

Darpan News Desk The Canadian Press, 27 Apr, 2023 10:37 AM
  • CMHC is predicting home prices and sales will fall

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.   

MORE National ARTICLES

Two bodies found in home in Chilliwack, B.C.

Two bodies found in home in Chilliwack, B.C.
A statement from RCMP in the Fraser Valley city says police were called to the home in a rural area of Chilliwack on Tuesday afternoon. Officers determined the deaths appeared suspicious and the Integrated Homicide Investigation Team is now leading the case.  

Two bodies found in home in Chilliwack, B.C.

Jury weighs in after man shot 9 times by B.C. cops

Jury weighs in after man shot 9 times by B.C. cops
The coroners inquest probed the November 2016 death of Daniel Rintoul, who attacked and stabbed a staff member, tried to steal a gun from a gun case and took a hostage at an east Vancouver Canadian Tire. The 38-year-old, nearly six-foot, 350-pound man was shot nine times after repeatedly stabbing one of the officers who was trying to arrest him.

Jury weighs in after man shot 9 times by B.C. cops

Health fund talks end without deal as feds balk

Health fund talks end without deal as feds balk
British Columbia Health Minister Adrian Dix, who called it a "disappointing" end to the meetings, had previously said provincial and territorial ministers were united behind a request for federal funding to be increased to 35 per cent, up from 22 per cent.

Health fund talks end without deal as feds balk

Mayor Brenda Locke releases her top priorities during her swearing in ceremony

Mayor Brenda Locke releases her top priorities during her swearing in ceremony
Mayor Locke's vision and commitment to residents is to ensure transparency, restore public engagement, and maintain Surrey RCMP as the police of jurisdiction. All voices will be heard and I look forward to working with all the residents of Surrey.

Mayor Brenda Locke releases her top priorities during her swearing in ceremony

Canada will work with Congress of any stripe: PM

Canada will work with Congress of any stripe: PM
Voters across the U.S. are headed to the polls to decide whether Republicans or Democrats should wield control on Capitol Hill. Trudeau says the close ties between the two countries have always transcended politics, and he doesn't expect that to change, whatever the outcome.

Canada will work with Congress of any stripe: PM

$475 million more for rural internet: Trudeau

$475 million more for rural internet: Trudeau
The money is in addition to the $2.75 billion already in the government's Universal Broadband Fund, which is dedicated to connecting 98 per cent of Canadians to high-speed internet by 2026 and 100 per cent of Canadians by 2030.

$475 million more for rural internet: Trudeau