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 its analysis, called Damage Control, the institute looked at projected economic growth and analyzed the impact of different scenarios based on how many greenhouse gas emissions are eliminated and what we do to prepare for more-frequent severe weather.
The investigation is in the early stages with the primary goal of identifying the suspect vehicle involved. Investigators are seeking witnesses and dashcam footage from anyone who may have been in the area of George Ferguson Way at Nelson Place just before & after the collision.
A 21-year-old man was trying to sell a used phone when an unknown buyer named Matthew asked to meet up around 7 p.m. in Champlain Heights on Saturday, September 24. When the victim arrived, he was met by two men who appeared to be in their late teens. They robbed him of his phone and hit the victim in the head with a weapon, then attacked him with bear spray.
The vehicle and driver involved in the collision had left the scene before police arrival; however, the driver has since come forward and is cooperating with investigators. The pedestrian was transported to the hospital however, despite medical intervention, succumbed to his injuries.
Vancouver Police are investigating the city’s eighth pedestrian fatality of the year, which occurred around 12:30 p.m. today on West Georgia Street. Police believe a woman was struck by a charter bus near West Georgia and Cardero Street.
New Brunswick, Prince Edward Island, the Northwest Territories and Nunavut have declared Sept. 30 a statutory holiday. The other provinces and territories are choosing to observe the day in various ways, while some continue consultations with Indigenous groups and businesses about whether to make it a stat.