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.
This appears to be a targeted shooting. A suspect vehicle was located in the 12200 block of 82 Avenue fully engulfed in fire.
A black Ford Escape collided with a black McLaren in the intersection of Smithe and Hornby streets on July 6, 2021. Following the collision, the Ford Escape mounted the sidewalk, striking a man who was carrying his 23-month-old daughter. The child died and the father was taken to hospital with life-altering injuries.
The victims were treated by BC Ambulance Service and are recovering from the effects of the bear spray. Willowbrook Mall was temporarily evacuated as numerous patrons were feeling the effects of the bear spray. The Mall has resumed normal business.
The event also welcomes back the Red Bull Air Show, a spectacular pre-show performance happening on all three festival nights, and on Wednesday, July 27th we are delighted to have the iconic Canadian Snowbird team back to perform their formation flyovers at English Bay, presented by Concord Pacific.
In remarks accepting his new job, the 59-year-old biologist, researcher and administrator told an audience at the University of Michigan that it was an honour and privilege to serve UBC, the campus he grew up on while his father was a mathematics professor.
Gurmit is described as a 86-year-old South Asian man, 5’6” tall, medium build with a long white beard. It is unknown what he was wearing however he usually wears a turban and traditional Indian clothing with a button up shirt.