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

Mayor's lawyer suggests client treated unfairly

Mayor's lawyer suggests client treated unfairly
Richard Peck is questioning the primary investigator at McCallum's provincial court mischief trial and says police couldn't tell in surveillance video if the mayor's foot had been injured by a woman driving a vehicle.

Mayor's lawyer suggests client treated unfairly

Dozens of recommendations in B.C. overdose report

Dozens of recommendations in B.C. overdose report
The more than three dozen recommendations include ensuring continuity of care for at-risk people, expanding a take-home naloxone program, and engaging with health-care providers to reduce barriers in prescribing a safe supply of drugs.

Dozens of recommendations in B.C. overdose report

VPD identifies 10 most wanted from Breakout Festival riot

VPD identifies 10 most wanted from Breakout Festival riot
Vandals caused more than $300,000 damage to the PNE on September 18, after the last-minute cancellation of a headline act at the Breakout Festival. Dozens of concert-goers destroyed food kiosks, overturned tables, climbed light fixtures, and sparked fights throughout the PNE grounds and surrounding neighbourhoods.

VPD identifies 10 most wanted from Breakout Festival riot

Report says Canada exploiting Indian students for 'cheap labour'

Report says Canada exploiting Indian students for 'cheap labour'
According to the report, PM Justin Trudeau's government introduced the permit extension move to over 5,00,000 international students already in Canada to potentially work more hours, and stay for 18 months after graduation to seek employment. However, after more than a year, some of these permanent-resident hopefuls have been left without status to work or remain in the country.

Report says Canada exploiting Indian students for 'cheap labour'

Macklem to appear before Senate banking committee

Macklem to appear before Senate banking committee
The Bank of Canada hiked its key interest rate by half a percentage point on Wednesday and signalled interest rates would have to rise further to clamp down on decades-high inflation. Canada’s annual inflation rate was 6.9 per cent in September but has been steadily declining since reaching its highest rate this year of 8.1 per cent in June.

Macklem to appear before Senate banking committee

Feds want 500K immigrants per year by 2025

Feds want 500K immigrants per year by 2025
Canadian industries are facing a significant labour shortage, with about 1 million job vacancies across the country. The new plan puts an emphasis on increasing the number immigrants who will be admitted based on their work skills or experience over the next three years.  

Feds want 500K immigrants per year by 2025