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.
Wildfires last year destroyed most the village of Lytton and forced almost 200 evacuation orders during a near-record season where 1,610 wildfires charred 8,682 square kilometres of land, primarily in southern and southeastern B.C.
An officer immediately rendered emergency first aid, applied a police tourniquet, and called for paramedics. The injured man was taken to hospital with serious but non-life threatening injuries.
Decriminalization is slated to go into effect in B.C. at the end of January 2023, when those 18 and over will not face criminal penalties for possessing a total of 2.5 grams of opioids, cocaine, methamphetamine and MDMA, also known as ecstasy. Police would no longer confiscate drugs.
A flood watch has been issued by the River Forecast Centre for the Bulkley River in northwestern B.C., and evacuation alerts are in effect for low lying properties on either side of the river at Smithers.
On his way to California, Trudeau and Defence Minister Anita Anand will also pay a visit to Colorado Springs, which is home to the jointly commanded continental defence system known as Norad.
Globally, there are 550 confirmed cases in 30 non-endemic countries where the virus has not usually been found. Tam warns that while we know a lot about how the monkeypox virus behaves in countries where it is endemic, we know little about how it may behave in populations that are both mostly unvaccinated against it and have no natural levels of immunity.