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 motorcycle was travelling southbound on Douglas Road at the time of the crash, which is believed to have occurred at approximately 6:10 a.m. The hatchback was travelling eastbound on Laurel Street. The driver of the hatchback remained on scene. A 33-year-old motorcyclist was pronounced dead on scene.
Last month, the B.C. and federal government jointly announced the province is ramping up an early earthquake detection system in "high seismic risk areas." The national earthquake early warning system already has several hundred sensors overseen by Natural Resources Canada.
The government says its labour forecast helps businesses, post-secondary institutions, organizations and governments plan for the future. Selina Robinson, post-secondary education and future skills minister, says key growth areas for work will be in the technology and health-care sectors.
Defence Minister Anita Anand and Economic Development Minister François-Philippe Champagne are joining forces in the U.S. capital, selling the idea that Canada's nascent critical minerals industry makes it an ideal partner in fortifying a North American defence industrial base.
Immigration minister Sean Fraser has argued that a boost to immigration is necessary to address labour shortages and Canada's aging population. The Desjardins analysis finds Alberta, Saskatchewan and Manitoba would see the most GDP growth rate boost among provinces.
Both Turkey and Syria were rocked Monday by the massive quake, setting off international aid efforts that now include a $10-million commitment from the Canadian government and search and rescue teams being flown in from the United States.