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.
Police were called to a residence in the 9000 block of 128 Street. Police located a man suffering serious injuries lying in the driveway of the residence.The suspects, described as three South Asian males, fled the area in a vehicle, believed to be a silver 4-door SUV.
DARPAN Magazine brings you highlights from some incredible events that took place over the weekend. The events featured the best of what the City of Surrey has to offer in terms of entertainment, culture, music and much more.
Vancouver Police responded shortly before 8 a.m. Monday after a man was seen acting erratically near East Hastings Street and Dunlevy Avenue. Following an interaction with police, the man was taken into custody. He then went into medical distress and lost consciousness.
The comments came Monday during a joint news conference with German Chancellor Olaf Scholz in Montreal as the prime minister hosted the German leader during a visit that will also include stops in Toronto and Newfoundland.
Const. Nicole Braithwaite of West Vancouver Police told a press conference today that the scene of the incident at the 400 block of Keith Road was “chaotic.” She says two women in their 60s were pronounced dead at the scene, and seven people were taken to hospital, two in critical condition.
Investigators believe the weapons were being used for protection and to intimidate others in the encampment. A 40-year-old from Vancouver, a 23-year-old from Burnaby and two men in their 20s from Surrey are due in court in October to face multiple charges.