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.
Darpan Cruiser In Your City brings you highlights from some incredible events that took place over the weekend. The events featured the best of what the Lower Mainland has to offer in terms of entertainment, culture, music and much more.
A video circulating online over the weekend shows Finance Minister Chrystia Freeland arriving inside City Hall in Grande Prairie, Alta., on Friday, and then being confronted by the man while she approached and entered an elevator.
Champagne, who was in Florida for a two-day trip that included meetings with Canadian astronauts and NASA officials, got up at 1:30 a.m. to head to the launch pad in Cape Canaveral only to see the mission delayed. Canada is contributing a new robotic arm, the Canadarm 3, to the Gateway space station that NASA eventually plans to put in orbit around the moon.
A statement from BC Emergency Health Services says in response to questions about the death in Barriere that it received a call to respond to a patient at a home in the community north of Kamloops on Thursday. It says the closest available ambulance was immediately dispatched, and local firefighters were also requested to assist with the call.
Education Minister Jennifer Whiteside says families are already struggling with rising costs due to inflation and the government's fund aims to take the sting out of costs associated with the return to school next month. Whiteside says every school district in the province will receive a minimum of $250,000.
The attack occurred outside a convenience store near Commercial Drive and East 10th Avenue in the early hours of July 31. Shortly after midnight, a 42-year-old man stopped to buy a slurpee. There was a brief verbal confrontation between the man and another person who was waiting in line, and when the victim left the store he was jumped by three men.