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.
On Tuesday, August 23rd, two other men were arrested in relation to the homicide. At this time, no charges have been laid. A residence in Mission is currently being held, pending a search warrant.
Langley RCMP front line officers attended and located a 29-year-old deceased man, later identified as Nicholas Ball, of Langley. On Tuesday, August 23rd, 40-year old Jason Griffiths of Langley was arrested in connection to the murder of Nicholas Ball.
Airlines and airports have been grappling with a surge in customers this summer, compounded by staffing shortages affecting both carriers and federal agencies. As a result, travellers have experienced widespread flight cancellations, baggage delays and lengthy lineups, particularly at Toronto's Pearson International Airport.
British Columbia's largest public-sector union says it has accepted the government's invitation to resume talks following limited job action that began over a week ago. The B.C. General Employees' Union says it is expecting to return to the bargaining table "soon" as part of its negotiations with the Public Service Agency.
25-year old Surrey resident Bryce Dallas Campbell was arrested in relation to the homicides. On Monday, two charges of second degree murder and one charge of attempted murder were laid against Campbell, who remained in custody following his arrest on August 5.
At this time, investigators believe this to be an isolated incident with no connection to the Lower Mainland Gang Conflict. The victim has been identified, though his name is not being released at this time, to allow time for proper notification of the family.