Close X
Wednesday, November 20, 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

Canada investing $4.9B in North American defence

Canada investing $4.9B in North American defence
Anand says the funding is the first of an estimated $40 billion that will be spent over the next 20 years to upgrade the joint U.S.-Canadian early warning system known as Norad and purchase other military assets to protect the continent.

Canada investing $4.9B in North American defence

Pedestrian seriously injured in hit and run collision, road closures in effect

Pedestrian seriously injured in hit and run collision, road closures in effect
The pedestrian was associated to a parked vehicle and was standing outside their vehicle at the time they were struck. The pedestrian was transported to hospital with serious injuries.

Pedestrian seriously injured in hit and run collision, road closures in effect

Vancouver pedestrian dies in hit and run

Vancouver pedestrian dies in hit and run
A statement from police says the victim and a friend were crossing West Fourth Avenue in the Kitsilano neighbourhood at about 11:30 p.m. Sunday. The man, whom police have not identified, was hit by a newer model grey sedan that they say appeared to be speeding.

Vancouver pedestrian dies in hit and run

B.C. stores keep some baby formula behind counter

B.C. stores keep some baby formula behind counter
The ministry says in a statement the guidelines to pharmacies will help preserve supply during the temporary Canada-wide shortage of hypoallergenic formulas.

B.C. stores keep some baby formula behind counter

B.C. in peak melt flood stage for weeks: expert

B.C. in peak melt flood stage for weeks: expert
Dave Campbell, head of the River Forecast Centre, says they believe the freshet runoff into rivers and lakes has reached its height, but is expected to continue melting for the next two weeks.    

B.C. in peak melt flood stage for weeks: expert

168 cases of monkeypox confirmed in Canada

168 cases of monkeypox confirmed in Canada
Dr. Theresa Tam told a news conference that many cases have been linked to sexual contact with other men, but the virus can spread to anyone who has had close physical contact with an infected person.

168 cases of monkeypox confirmed in Canada