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.
Based on the initial information it appears that the fires were deliberately started. Due to the short time frame and close proximity of the fires police believe that they are likely related.
New data from the coroner's service says at least 1,095 residents are believed to have died from January to June this year, at an average of six deaths per day. The report found more than three-quarters of the those who died this year have been male, and most were between the ages of 30 and 59.
The figures are drawn from a survey conducted as part of an internal Canada Border Services Agency evaluation that looked at how the agency processed travellers, using a lens of gender, race, ethnicity, religion, age, and mental or physical disability, and the interaction between these factors.
The inflation rate hit a nearly 40-year-high of 8.1 per cent in June, but economists were widely expecting inflation to have since slowed. In its latest consumer price index report, Statistics Canada said the July saw the smallest monthly gains since December 2021.
After 3 a.m., the male suspect then reportedly exited the trailer with a weapon and a child. During the engagement with officers, the man was shot and killed. The child was uninjured and a woman was subsequently located with non-life injuries inside the trailer.
Peter Ross, a senior scientist with Raincoast Conservation Foundation, said the vessel sank in an important feeding area for endangered southern resident killer whales. It will be a race against time to clean up the spill, he said.