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.
The victim, a 22-year-old newcomer to Canada who was working for a meal-delivery service, was locking his bike to a street pole in Chinatown around 6 p.m. last night when he was approached from behind and attacked by someone he didn’t know.
Within hours, police received a number of tips from the public and a suspect was identified. With the assistance of Burnaby RCMP’s Investigative Support Team, frontline officers arrested an 86-year-old Burnaby man. The man was transported to Burnaby detachment and later released with numerous conditions.
Finance Minister Selina Robinson says preliminary financial numbers for the first three months of 2022-23 show the province is in a strong position despite ongoing global economic risks. The quarterly report Robinson posted today also indicates financial improvements over the next three years, but includes forecasts of budget deficits for two of the three years.
The longtime MP cruised to the opposition leader's office with a blowout victory that saw him capture nearly all of the country's 338 ridings and nearly reach the 70 per cent support mark from party members.
Rachel Bendayan, the parliamentary secretary to the associate finance minister, says MPs all heard very clearly from constituents over the summer break just how difficult it has become to keep paying the bills. Fighting inflation is also politically critical for the Liberals with new Conservative Leader Pierre Poilievre maintaining his biting criticism of the government over inflation.
The late queen's coffin left Balmoral Castle in Scotland on Sunday, where it was driven by hearse to the Scottish capital of Edinburgh. It will be flown to London on Tuesday, where it will eventually lie in state for the public to say their goodbyes in the four days leading up to Monday's funeral.