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.
The count by the Homelessness Services Association of B-C was done on March 7th and 8th -- and identified just under five thousand people in 11 communities, up from the roughly 36-hundred identified in the March 2020 count.
Business leaders in Surrey are pleading with the province to provide a clear plan as the city grapples with the next stage of implementing a new police force. The Surrey Board of Trade has sent a letter to Public Safety Minister Mike Farnworth saying the city needs a solid policing strategy with adequate wraparound support services and infrastructure as it juggles the costs of the outgoing R-C-M-P and incoming Surrey Police Service.
British Columbia is setting out new rules as it attempts to navigate a way to curb the overdose crisis with drug decriminalization. Possession of small amounts of many illicit drugs was decriminalized in B.C. in January after the federal government issued an exemption, but legislation introduced by the province today would make their use illegal in many public spaces.
The federal New Democrats have rejected the first draft of the Liberals' pharmacare legislation, in what the health minister describes as "extremely fluid" negotiations over the highly anticipated bill. The Liberals promised to table pharmacare legislation this fall as part of the supply-and-confidence deal the government struck with the NDP.
Police in Victoria say they're looking for two women who may have seen the suspect or suspects in a possible arson over the weekend. They say officers responded Saturday evening to reports of two fires inside a retail store, where staff used fire extinguishers to douse the initial flames.
B-C's police watchdog has found a man who rammed his S-U-V into a police cruiser outside a Vancouver Island R-C-M-P detachment last spring was not seriously injured when he was hit by a single police bullet. One officer was also injured in the incident last May.
