Home prices could hit peak levels by next year, set new highs in 2026: CMHC report

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The Canada Mortgage and Housing Corp. is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026.

The agency's latest housing market outlook report also says housing starts in Canada are expected to decline this year before recovering in 2025 and 2026, reflecting the lagged effect of higher interest rates on new construction.A report last week from the agency showed construction began on 137,915 new units last year across Canada's six largest cities, as levels remained in line with the past three years due to a surge of new apartments.

Ottawa received 10.8 cm of snow from a spring snowstorm that has moved through the region. Environment Canada's forecast calls for another 5 cm of snow on Thursday, with another 2 to 4 cm of snow Thursday night.A Manitoba MP is trying to create an alert system to notify the public when Indigenous women go missing -- an endeavour she hopes will lead to fewer deaths and more safe reunions with loved ones.

Students and parents at St. Thomas Aquinas Catholic Secondary School learned Tuesday evening of an incident that happened at the school recently through a letter sent by school administrators.New research suggests that they crawled off ships arriving in North America earlier than previously thought and out-competed rodent rivals – going on to infuriate and disgust generations of city-dwellers and becoming so ubiquitous that they're known as common rats, street rats or sewer rats.

A 16-year-old boy was arrested for attempted murder and robbery Sunday after a stabbing at a liquor store in Port Alberni, B.C.Those hoping to buy a home in Vancouver are facing a more challenging time than ever before, a new report from the Royal Bank of Canada suggests.Police responded to another shooting in Vancouver's downtown core on Wednesday night, with the latest incident leaving one person wounded.

Prime Minister Justin Trudeau says a new $1.5-billion housing fund will help non-profit organizations acquire more rental units across Canada and make sure they remain affordable.'Large litter of puppies': A Winnipeg pet rescue got more than it bargained for

 

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