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.
You can’t be from Surrey and not appreciate what the South Asian community brings to our city. The fabric of our city is stronger, more entertaining, more colourful, better tasting, and more entrepreneurial because of our South Asian residents. Together, we’re writing the Surrey story, and the contributions of our South Asian community are definitely there for all to see.
Transportation Minister Rob Fleming says in a response to the statement that he wants to assure those who use the coastal ferry service that the goal is to hold the annual fare increase to three per cent.
The wildly popular show stars Pedro Pascal and Bella Ramsey as their characters traverse the United States 20 years after a fungal pandemic collapses society. The show, based on a video game franchise of the same name, has proved to be a boon for Alberta's film and travel sectors.
Two motorcycles were travelling east bound on Fraser Highway approaching 182 street, when they both lost control and struck the center median. The 49 year old male rider of one of the motorcycles was transported to a local area hospital where he was pronounced deceased. The other rider, a male, suffered serious injuries.
In its 2023 budget Tuesday, the government revealed the federally administered insurance program will be far more expensive over the next five years than it originally thought. It is also projecting that ongoing costs after that will more than double to $4.4 billion per year, up from $1.7 billion.
The CEO of the Horizon School Division, whose term at the helm of the hockey team has ended, was unexpectedly thrust into an international spotlight after the crash. So was his community and team. Now, Garinger says, the intense focus has faded but the small Saskatchewan city east of Saskatoon is still figuring out how to exist within that legacy.