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.
Bridgeport Road is closed, between Viking Way and No. 6 Road, due to downed hydro lines. Traffic is being diverted. BC Hydro is en route.
Last November, historic rainfall caused flooding of 15,000 hectares of land, affecting more than 1,000 farms and 2.5 million livestock, washing out highway and railway infrastructure, and causing an estimated $285 million in damage.
Mounties set up surveillance on the vehicle, which lead to the arrest of one youth, and the recovery of two stolen vehicles. Both recovered vehicles were found to have jerry cans full of gasoline inside. A 17-year-old Calgary resident has been charged with possession of stolen property and remains in custody.
Fireworks have long been part of Halloween in B.C.'s Lower Mainland and historians suggest the tradition may involve a combination of English and Chinese heritage. While they remain a noisy Halloween fixture in many communities, they are now often subject to regulation.
British Columbia's incoming premier David Eby has been asked by the province's lieutenant-governor to begin the process of forming government in a step toward transitioning into his new role. However, Eby will remain premier-designate until he is officially sworn in as premier at a date that has yet to be announced.
The ministry says the River Forecast Centre is monitoring weather patterns and river conditions for flood hazards, while Emergency Management BC is working with communities to prepare for possible floods.