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 report, titled "Aquanomics," is being published today by GHD, a global engineering and architecture services firm. GHD's Canadian water lead Don Holland said there are lots of reports that count up insured losses and physical damage after major events like last fall's atmospheric river in British Columbia.
Celebrity Cruises says the Celebrity Eclipse, which had been due to depart Sunday afternoon, is unable to leave the Port of Vancouver without the tugs and staff are "working diligently" with local authorities to resolve the situation so the ship can sail.
Yet while cabinet ministers say the additional hires have started to make a difference, they acknowledge that far more work is needed when it comes to providing Canadians with the services they deserve. The comments came during an update on the work of the government's special task force to help tackle major delays with immigration applications and passport processing.
A semi truck was travelling westbound on Highway 17 when the driver smelled smoke. After the driver pulled over, the vehicle ignited into flames. The subsequent fire resulted in the vehicle sustaining major damage.
On August 28th, just before 7:30 p.m., Surrey RCMP received a reported that a pedestrian, who had been crossing the street in a marked crosswalk, had been struck by a vehicle in the 7500-block of 140 Street.
IHIT has identified the victim as Troy Michael Regnier, in hopes of furthering their investigation. Surrey RCMP arrested three suspects at the scene, who were believed to have been known to the victim, though at this time no charges have been laid.