Close X
Sunday, November 17, 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

South Asian broadcaster and media personality Harjinder Thind awarded The Queen's Platinum Jubilee Medal

South Asian broadcaster and media personality Harjinder Thind awarded The Queen's Platinum Jubilee Medal
The commemorative medal marks the 70th anniversary of the Late Queen Elizabeth's coronation. The honor was bestowed upon Thind by Fleetwood-Port Kells MP Ken Hardie. Hardie was present for the award at the Red FM 93.1 studio in Surrey. 

South Asian broadcaster and media personality Harjinder Thind awarded The Queen's Platinum Jubilee Medal

VPD searches for man who sucker-punched a woman

VPD searches for man who sucker-punched a woman
At 6:30 Wednesday evening, the 29-year-old woman was walking near Cambie and Pender streets when a man approached and suddenly lashed out. He punched her in the face, knocking her to the ground. The suspect was last seen running west on Dunsmuir Street.

VPD searches for man who sucker-punched a woman

Economy to slow considerably this year: PBO

Economy to slow considerably this year: PBO
In his latest economic and fiscal outlook, budget watchdog Yves Giroux says he expects the Bank of Canada to raise its key interest rate to four per cent by the end of the year, a move which is in line with financial markets' expectations.

Economy to slow considerably this year: PBO

Charges as men drugged, robbed while using escorts

Charges as men drugged, robbed while using escorts
Surrey RCMP says an investigation began after its community response unit linked multiple reports of victims being drugged and robbed. In one case in February 2021, a man died, allegedly after being given a substance during an encounter.

Charges as men drugged, robbed while using escorts

Drought and moths push Stanley Park trees to brink

Drought and moths push Stanley Park trees to brink
The trees of Stanley Park, typically the green jewel of Vancouver's downtown core, just can't catch a break. Experts say large numbers of browning trees appear dead or dying, because of a one-two combination of foliage-munching grubs and an exceptionally dry weather spell, with the last appreciable rain falling in Vancouver on Sept. 4.

Drought and moths push Stanley Park trees to brink

3 vehicle collision leaves one dead in Abbotsford

3 vehicle collision leaves one dead in Abbotsford
Upon arrival, emergency service workers located a three-vehicle collision. One of the drivers was found suffering from serious life-threatening injuries and was transported to the hospital, but sadly succumbed to his injuries.

3 vehicle collision leaves one dead in Abbotsford