Darpan News Desk The Canadian Press, 09 Oct, 2023 10:14 AM
It is a conundrum that has faced countless homebuyer in recent years -- choosing a fixed- or variable-rate mortgage
That question has taken on even more significance following the Bank of Canada's recent run on rate hikes.
Meridian Credit Union's Allison Van Rooijen says she's seeing borrowers increasingly opt for fixed-rate mortgages because of the stability they offer.
Another trend she notices among fixed-rate borrowers is they're opting for shorter terms than the typical five-year loan as they take a wait-and-see approach to where interest rates are headed next.
Police in Delta are asking for the public's help in their investigation into a crash between motorcycle and white sedan on Sunday. They say the 17-year-old motorcyclist had serious but non-life-threatening injuries.
The Integrated Homicide Investigation Team is identifying the victim in what it has classified as a suspicious death. It says a 58-year-old man was found with serious injuries on Klein Lake Forest Service Road in Egmont on Saturday and while first responders provided first aid, he died of his injuries.
The councils say it is clear, based on public reports, that intelligence agencies were aware of the threat to Nijjar's life, which --quote-- "suggests a concerning failure of Canada's security agencies to prevent a foreseeable violent crime and gives rise to wider concerns within the community."
Statistics Canada says immigration is almost solely responsible for the largest annual population boom Canada has seen since 1957. The newly released data shows Canada's population grew by more than a million people between from July 2022 to July 2023, which represents an increase of about three per cent.
The British Columbia government has set out its first set of targets for thousands of new homes to be built in 10 cities or municipalities in an effort to chip away at the provincial housing crisis. Housing Minister Ravi Kahlon announced Tuesday the communities, located mostly within the Metro Vancouver and Greater Victoria regions, will have five years to deliver on the new housing-unit goals set out in the plan.
Wind warnings have been lifted in most areas of British Columbia, while high water advisories remain up for Vancouver Island and the southwest coast after the first major storm of the fall swept through. Environment Canada has taken down the wind warnings for coastal B.C. for all areas accept Haida Gwaii, where it says winds of 90 kilometres per hour, gusting to 110, are expected to ease by Tuesday.
