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.
The largest telecommunications deal in Canadian history will go forward after Rogers Communications Inc.'s $26-billion takeover of Shaw Communications Inc. received approval from Ottawa on Friday. The green light means the deal has cleared its final regulatory hurdle just over two years after it was first announced.
Canadian Heritage Minister Pablo Rodriguez has said his government is against the amendment because it could create a loophole for big companies to avoid following the law. The U.S. government has also raised concerns that the law could discriminate against American companies, with some U.S. senators calling for a trade crackdown.
B.C. Health Minister Adrian Dix said on Tuesday he wants a federal clampdown on sales to non-residents after it was discovered that Americans were being sent thousands of doses of Ozempic in the mail from B.C., the majority prescribed by a single practitioner in Nova Scotia.
The water taxi and a Tofino Air Beaver float plane carrying six people collided while heading for the same dock in October 2021. The pilot and passengers were able to safely get out of the aircraft, although three sustained minor injuries, and within minutes it had capsized.
The provincial government has tabled changes to its Civil Forfeiture Act that would allow for the creation of unexplained wealth orders to help prevent money laundering by those who hide their assets in goods or through family members or associates.
B.C. Premier David Eby, who attended the news conference with Freeland, said he recognized there are "significant parcels" of funding from the last budget that have not yet been deployed in the province "in a significant way."