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 October, the regional district said the reservoir — which serves about 90 per cent of residents in the area — was at risk of "imminent exhaustion" as southern B.C. recorded an unseasonably dry summer and warm fall.
The government's throne speech, read by Lt.-Gov. Janet Austin in the legislature today, outlines a political agenda for the coming months that includes a plan to support people amid rising costs now and in the long term.
A Boeing 737 air tanker owned by a British Columbia company has crashed in Western Australia while on deployment to a fire. Coulson Aviation, based in Port Alberni on Vancouver Island, says in a statement that both pilots walked away from the accident and have been medically assessed.
A police news release says the suspect ran after hitting the victim and took the axe with him. Officers, with help from police dog services, searched for the suspect but were unsuccessful.
Aryan Prakash was last seen on Friday, February 3rd at 1:00pm in the 5600 block of Arcadia Rd, Richmond. He may be or has been in the area of Nassau Dr/Victoria Dr in Vancouver.
The Liberal government has confirmed it flew into Canadian airspace from Alaska before crossing back into the Western U.S., but it won’t say when or where the balloon was in Canada. The balloon was shot down by an American fighter jet on Sunday off the coast of South Carolina.