An economist says the Canadian housing market could be in for a rebound this year after a cautious 2023.
T-D Bank economist Rishi Sondhi says that optimism depends largely on the forecasts of the Bank of Canada cutting interest rates, which may begin as early as the second quarter.
Home prices softened in several areas late last year, including in the Fraser Valley.
Vancouver Realtor Tim Hill says he is optimistic of consumer sentiments slowly shifting as prices improve in recent months.
The oil and gas industry will have to cut emissions by more than one-third within seven years or buy offset credits under a new federal policy. A cap on emisisons from the fossil fuel sector had been promised by the Liberals since the 2021 election, but the announcement Thursday spelled out exactly how much the government will ask the industry to cut.
The Public Health Agency of Canada says the death toll has risen to five in a salmonella outbreak linked to Malichita and Rudy brand cantaloupes. It says 129 people have been confirmed with salmonella linked to the outbreak, almost double the number at the last update on Dec. 1, when a single death had been recorded.
It was a busy month for Kelowna R-C-M-P officers as they dealt with a slew of speeding drivers in November. The Mounties say they handed out 80 speeding tickets last month.
8 people are facing trafficking charges after a lengthy investigation in Courtenay. Comox Valley R-C-M-P say two units collaborated to specifically target drug traffickers in Courtenay's downtown.
Police in North Vancouver are looking for witnesses after a child reported being approached by a stranger driving a truck. The Mounties say it happened early afternoon near West 13th Street and Mahon Avenue as a 10-year-old boy was walking along the street.
The House of Commons heritage committee unanimously agreed on Thursday to have the president of the public broadcaster address the cuts and potential bonuses. The committee summoned Tait to appear at its first meeting in the new year following the holiday recess, but a date has yet to be set.