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.
Police in Burnaby say they have recovered about half-a-million-dollars in stolen surveying equipment after a business was targeted by thieves twice in 24 hours. Burnaby R-C-M-P say the first break-in happened at 6 a-m on November 13th at the business, located near Still Creek Avenue and Douglas Road.
Mayor Ken Sim says he's moving to abolish Vancouver's elected Park Board, which is the only such body in any British Columbia city. Sim says at a news conference in City Hall that he'll be moving a motion to ask the province to amend the Vancouver Charter to bring control of parks under the city council.
The Bank of Canada is not ruling out future rate hikes just yet. The Bank of Canada projected that in October that inflation will fall back to the two per cent target in 2025.
A majority of Canadians think the federal government should spend more on health care, a housing strategy and initiatives to ease inflation and cost-of-living issues, a new poll suggests — but they also want it to freeze or reduce other spending. Nearly three-quarters of respondents to the new Leger poll, or 71 per cent, said the federal government should spend more on health care and health transfers to the provinces.
The first yearly update on B.C.'s health human resources strategy says 578 internationally educated nurses became fully registered in the province in 2023 compared with 288 in 2022. Staffing shortfalls have been blamed for a series of health-care woes across the province, including emergency room closures, overcrowding and hundreds of thousands of people going without a family doctor.
The Canadian Coast Guard says it's trying to identify the source of a diesel smell and sheen covering Vancouver's False Creek. It says it received a report of the apparent pollution around 6:20 p.m. Monday, but couldn't determine the source due to heavy rain and poor visibility.