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.
A 50-year-old man has been charged with assault after what Vancouver police say was a violent attack on two shopkeepers in the Chinatown neighbourhood. Police say the married couple, who are both in their 70s, were working in their shop last Thursday when the suspect entered and began causing a disturbance.
Speaking to reporters for the first time since Walker was kicked out over the weekend, Eby says he decided the member could no longer be part of the group after a formal investigation by NDP caucus. Eby says he wishes he could share more but rules related to human resources and privacy prevent him going into specifics about the accusations, which are not a criminal matter.
The utility says it will amount to about $7 a month in savings for residential customers, depending on a customer’s consumption. Joe Mazza, vice-president of energy supply at Fortis, says the decrease will provide customers with some financial relief as they head into the colder fall and winter months.
38-year-old Harinder Singh Sihota is in custody as police in Surrey and Delta investigate a series of violent events that included a break-in, assault and several car crashes. Surrey R-C-M-P say it began with a break-in Saturday night at a home in northwest Surrey and the assault of several people in the house.
Canada ordered an Indian diplomat to leave Canada on Monday in response to what Prime Minister Justin Trudeau called "credible" intelligence linking agents of India's government to the shooting death of a Sikh leader near Vancouver.
Top executives from Canada's major grocery chains are in Ottawa this morning to meet with two federal cabinet ministers and discuss measures to stabilize grocery prices. Finance Minister Chrystia Freeland and Industry Minister François-Philippe Champagne are set to meet with executives from Loblaw, Metro, Empire, Walmart and Costco this morning.
