Darpan News Desk The Canadian Press, 25 May, 2023 10:19 AM
Canada's total residential mortgage debt has climbed six per cent in the past year to 2.08-trillion-dollars.
But Canada Mortgage and Housing Corporation says the rate of growth has actually slowed compared with recent years.
Our Senior Specialist of #Housing Research Tania Bourassa-Ochoa discusses trends in the residential #mortgage industry and Canada’s rising mortgage #debt.
It says that's due to inflation, rapidly rising interest rates and cooling housing markets, which have weakened consumer confidence and left fewer people looking to buy a home.
Four people have been arrested and about 13-million-dollars in drugs have been seized as part of an ongoing investigation by Vancouver Police. Police say the drug seizures happened in March, when officers executed search warrants at various downtown locations.
The new Climate Ready B-C Seafood Program will fund marine carbon removal technologies as well as research and testing into acidification and low oxygen levels in the water. The program is being delivered by the Ocean Decade Collaborative Centre, a division of Tula Foundation.
The investigation progressed and in November 2020, CFSEU-BC investigators executed search warrants at four residences, two located in Burnaby, one in Vancouver, and one in Abbotsford. Two men and one woman were charged last week with a series of offences including trafficking and possession for the purpose of trafficking.
Police say a school bus tipped over on B.C.’s Sunshine Coast, sending the driver to the hospital with minor injuries. The crash happened at 8:37 a.m. on the side of Highway 101 in Madeira Park, about 100 kilometres northwest of Vancouver.
A B-C Highway Patrol officer says the teen was travelling at a speed of up to 209 kilometres per hour in a 100 kilometres per hour zone last week. The driver is facing multiple charges and is set to appear in court next month.
The city's police say a woman was crossing near Main and Georgia streets when she was struck just before 12:30 p-m. They say the driver is co-operating with the investigation.
