Friday, July 3, 2026
ADVT 
National

CMHC is predicting home prices and sales will fall

Darpan News Desk The Canadian Press, 27 Apr, 2023 10:37 AM
  • CMHC is predicting home prices and sales will fall

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.   

MORE National ARTICLES

$229 million in aid for Syria, refugees: Sajjan

$229 million in aid for Syria, refugees: Sajjan
Canada is giving $229 million in aid for Syria and neighbouring nations hosting refugees from the war-torn state. The aid package includes $169 million for food, clean water and hygiene and health services, as well as support for women facing sexual and domestic violence.

$229 million in aid for Syria, refugees: Sajjan

Two found dead in Abbotsford, B.C., home

Two found dead in Abbotsford, B.C., home
Two unnamed victims were found dead inside the home. The police statement says early indications suggest the deaths are not connected to the ongoing Lower Mainland gang conflict.

Two found dead in Abbotsford, B.C., home

Increasing cost of fuel leads to increase in fuel surcharge

Increasing cost of fuel leads to increase in fuel surcharge
Here is an example of what a 2.5 per cent fuel surcharge will be: .45 cents for an adult and $2.00 for a vehicle and driver on the Metro Vancouver – Vancouver Island routes, and .25 cents for an adult and $1.05 for a vehicle and driver on a variety of inter-island routes.

Increasing cost of fuel leads to increase in fuel surcharge

Crashed plane pilot reported to Transport Canada

Crashed plane pilot reported to Transport Canada
Azam Azami, a flight instructor based in Chilliwack, B.C., says he flagged an online ad posted by Abhi Handa in a report to Transport Canada in December, more than four months before the same plane in the ad went down.

Crashed plane pilot reported to Transport Canada

Canada pushed to waive COVID-19 vaccine patents

Canada pushed to waive COVID-19 vaccine patents
Dr. Madhukar Pai, a Canada Research Chair in epidemiology and global health at McGill University, told the House of Commons foreign affairs committee today he doesn't think rich countries like Canada have learned a thing from the first two years of the pandemic. 

Canada pushed to waive COVID-19 vaccine patents

Tragic' investigation into B.C. boy's death: RCMP

Tragic' investigation into B.C. boy's death: RCMP
Const. Richard Johns says 28-year-old Rykel Frank and 29-year-old Mitchell Frank will go before a judge this week following their arrest on Friday. 6 year-old Dontay Lucas was found dead in a home in Port Alberni in March 2018.

Tragic' investigation into B.C. boy's death: RCMP