National

Home sales fell in Vancouver in August

Darpan News Desk The Canadian Press, 04 Sep, 2024 04:09 PM

Home sales in Greater Vancouver fell 17.1 per cent in August from the same period last year, according to the latest statistics.

Greater Vancouver Realtors says there were a total of 19-hundred-and-four homes sold in the region last month, down from almost 23-hundred last year.

The sales number was also more than a quarter below the 10-year seasonal average for the Greater Vancouver market.

Greater Vancouver Realtors' data analytics director Andrew Lis says the numbers indicate buyers may still be hampered by higher borrowing costs despite the Bank of Canada cutting its key interest rate.

Prev Next

MORE National ARTICLES

101 drownings last year in BC

New statistics from the B-C Coroners Service say 101 people accidentally drowned in the province last year, many of them in the summer months. Acting chief coroner John McNamee says their report looked at a decade of drownings, and May through August were the most fatal months.

101 drownings last year in BC

Stolen merchandise found in Maple Ridge

Mounties in Surrey say the search of a home in Maple Ridge turned up stolen merchandise with a total estimated value topping 43-thousand dollars. Police say they arrested a woman who was using Facebook Marketplace to advertise and sell the stolen goods, ranging from designer clothing and accessories to sportswear by popular brands.

Stolen merchandise found in Maple Ridge

Green MLA Olsen not running in fall B.C. election, cites mental and physical health

One of the two Green Party members in British Columbia's Legislature has announced he will not seek re-election in this fall's provincial vote. Adam Olsen, who represents Saanich North and the Islands, says in a statement that he is stepping down because "it's the responsible and ethical thing" to do when he cannot "commit fully to the job for the next four years."

Green MLA Olsen not running in fall B.C. election, cites mental and physical health

Calgarians may see full water service restored earlier than expected: mayor

Calgary's weeks-long water crisis, which has prompted civic officials to ask residents to cut back on showers and other activities, may end a little sooner than expected. Underground repairs to a water main that broke June 5 are now complete, Mayor Jyoti Gondek said Tuesday, and service could be restored earlier than the July 5 target date if things go well over the coming days.

Calgarians may see full water service restored earlier than expected: mayor

Liberal government's proposed capital gains tax changes come into effect today

The Liberal government's changes to capital gains taxation came into effect Tuesday, despite significant pushback from business and physicians' groups. Finance Minister Chrystia Freeland's spring budget proposed making two-thirds of capital gains — the profit made on the sale of assets such as a secondary residence or stocks — taxable, rather than one-half.

Liberal government's proposed capital gains tax changes come into effect today

Ottawa urges Canadians to leave Lebanon while they can due to escalating violence

Foreign Affairs Minister Mélanie Joly is urging Canadians to leave an increasingly volatile Lebanon while they can. In a statement today, Joly says the security situation could deteriorate further without warning due to sustained and escalating violence between Hezbollah and Israel.