Close X
Monday, November 18, 2024
ADVT 
National

CMHC is predicting home prices and sales will fall

Darpan News Desk The Canadian Press, 27 Apr, 2023 10:37 AM
  • CMHC is predicting home prices and sales will fall

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.   

MORE National ARTICLES

New passport service sites open amid backlog

New passport service sites open amid backlog
Urgent services for people who can prove they need a passport within 48 hours are only available in bigger urban centres — Toronto, Montreal, Vancouver, Calgary, Edmonton, Gatineau, Que.

New passport service sites open amid backlog

Mandarin and Punjabi are the most common non-official languages in the country

Mandarin and Punjabi are the most common non-official languages in the country
Mandarin and Punjabi are the most common non-official languages, with more than a million people predominantly speaking one of the two languages. Statistics Canada noted a large increase in the growth of the number of Canadians who predominantly speak South Asian languages such as Punjabi, Gujarati, Hindi or Malayalam since the last census in 2016, a rise which was fuelled by immigration.

Mandarin and Punjabi are the most common non-official languages in the country

Possible attempted abduction in Abbotsford, B.C.

Possible attempted abduction in Abbotsford, B.C.
A statement from Const. Jody Thomas says an unknown man tried to pull the youngster from a ground floor bedroom window of a home on Abbotsford's east side. It happened just before 9 p.m. Monday.

Possible attempted abduction in Abbotsford, B.C.

Sept. rate hike expected despite slowing inflation

Sept. rate hike expected despite slowing inflation
Still, inflation is well above the Bank of Canada’s two per cent target. Bank of Canada governor Tiff Macklem made that very point in an op-ed published by the National Post on Tuesday, saying inflation "remains far too high" and emphasizing the central bank's role in bringing inflation down.

Sept. rate hike expected despite slowing inflation

The ArriveCan conundrum: Does the app have a use?

The ArriveCan conundrum: Does the app have a use?
The glitch-prone app touted as an efficient border tool early in the pandemic has become a punching bag for critics who question its utility ⁠ — but ArriveCan may be here to stay. The government insists it's a useful tool. Critics say it has outlived its use, if it ever had one.

The ArriveCan conundrum: Does the app have a use?

Wolf escape at B.C. zoo suspected as 'malicious'

Wolf escape at B.C. zoo suspected as 'malicious'
Earlier, British Columbia's Environment Ministry had said that only one wolf was still missing at the zoo, located about 55 kilometres east of Vancouver in the community of Aldergrove. It did not say how many had escaped at the facility, which says it has nine adult grey wolves and six cubs.  

Wolf escape at B.C. zoo suspected as 'malicious'