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.
In a subcommittee hearing on Capitol Hill, House Republicans fanned the flames of an emerging fire-and-brimstone narrative about a "metastasizing crisis" of irregular migration along the world's longest international frontier.
To alleviate the pressure of rising grocery prices, the federal government has extended the GST rebate boost offered in the fall. The rebate, which will go to lower income Canadians, will deliver up to $234 to a single person and up to $467 to a couple with two children.
That benefit will be scrapped by June 2024. In its place, Tuesday's budget shows the Liberals are planning a government-administered insurance program, at a cost of $13 billion over five years beginning in fiscal year 2023-24.
At a March 20 meeting, Smyth took issue with a decision not to livestream advisory committee meetings about an official community plan or release committee members' CVs. Smyth said the move was done in a "very political way," something that was denied by Mayor Peter Jones who said it was a "practical approach" before ending questions.
Adrian Dix said in January that the government would be investigating why almost 10 per cent of prescriptions for the drug in B.C. were filled for American citizens. Dix said at the time that the dramatic increase in demand for the diabetes drug was partly because of social media "influencers" who spoke about its weight loss benefits.
The province must build 25 per cent more new homes than usual for the next five years to address deteriorating housing affordability. The association said construction needs to be ramped up to a record 43,000 housing completions a year for the next five years to counteract rapid population growth.