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.
It comes two months after Health Canada authorized a bivalent booster from Moderna that targeted the Omicron BA.1 subvariant and the original strain. Health Canada says a bivalent booster triggers "a strong immune response" against both of the more recent Omicron subvariants,as well as the original SARS-CoV-2 virus strains.
Interest rates will still apply on the provincial portion of a student’s loan. While this move is helpful for students graduating, said Rebekah Young, director of fiscal and provincial economics at Scotiabank, it is ultimately relief for interest payments on debt rather than money toward tuition or other post-secondary school expenses.
Mable Elmore, parliamentary secretary for senior services, says changes to the residential care regulation will strengthen the voices of resident and family councils. The councils, which she likened to residential stratas, are groups of people who meet regularly to promote the collective interests of residents and discuss concerns.
The word “inflation” appears more than 100 times in the document, making clear the government's primary economic concern. But beyond the top-line debt projections and the analysis of how Canada seeks to soften the impact of a potential recession, the fiscal update offers key details that shed light on Liberal priorities.
Darcy Sidoruk was 18 years old in 1982 when he pleaded guilty and was sentenced for the shooting two years earlier of family friend Yvonne Doucette in Dawson Creek. Sidoruk also admitted to shooting 19-year-old James Pitt, who picked him up hitchhiking outside Dawson Creek, shortly after the murder of Doucette.
According to police, a witness called 9-1-1 around 9:45 p.m. to report a man had been attacked near Renfrew and Graveley streets. The 37-year-old victim was taken to hospital where he died of his injuries. No arrests have been made and a suspect has not been located.