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.
There are number of things that I am always going to be very proud of that we achieved in last four years as a team. We are building Newton Recreation Centre which is going to have an Olympic size pool, volleyball courts, badminton courts, and a number of other facilities on 7 acres. 150 million dollars for this project has already been allocated in the budget.
2 people have been arrested by the New West Police after an assault and armed robbery took place near the corner of McKenzie Street and Clarkson Street. The two committed the assault and armed robbery on July 13th and one person landed in hospital as a result of this incident.
Environment Canada says heat in the mid- to high 20s should reach the south coast and parts of the northern Interior by next week, while the Okanagan, central and southeastern B.C. could see temperatures nudging the high 30s over the same period.
The office of Canada's military police chief announced on Wednesday that Lt.-Gen. Steven Whelan is facing two counts under the National Defence Act related to "conduct to the prejudice of good order and discipline."
The statue is described as two metres tall and depicts St. Andrew Kim. According to police, it is difficult to make out a suspect description based on the current evidence. The investigation is ongoing and police are actively working to identify the suspects.
He who was last seen in New Westminster on July 18th at 1pm. He is South Asian, 61 years old, stand 5 feet 7 inches tall, and weighs 240 pounds.