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.
Three of these reports involved the fraudsters sending videos that appear to show them driving to the victim’s residence with AR-15 style rifles while threatening to kill the victim and their family after the victim shared their home addresses online. The fraudsters follow up by sending the victims graphic photographs of dead bodies while continuing to demand money.
Police were called to the scene after a group of three people were approached by two people with firearms. One suspect pointed a firearm at one of the victims and struck him in the face before taking the victim’s bag.
Rogers Communications Inc.'s move to credit its customers with the equivalent of five days of service following the massive outage that crippled its network last week is "wholly inadequate," a legal expert said. Payments could not occur, sales were missed, meetings were missed, work could not be done, and businesses could not operate fully, so damages would be broader than that, Leblanc explained.
Our goal is to get inflation back to its 2% target with a soft landing for the economy. To accomplish that, we are increasing our policy interest rate quickly to prevent high inflation from becoming entrenched. If it does, it will be more painful for the economy—and for Canadians—to get inflation back down.
The widespread Rogers service outage began on Friday morning and lasted at least 15 hours, knocking out access to many health-care, law enforcemen, 911, passport, and banking services. Rogers CEO Tony Staffieri has attributed the outage to a network system failure after a maintenance update, adding that the "vast majority" of customers were back online.
Residents near West 10th and Waterloo Street may see additional officers patrolling and knocking on doors. The suspects were men in their 20s who had their faces covered.