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 Victoria have arrested a man they say accelerated his car towards a pro-Palestinian protester near the British Columbia legislature over the weekend. Victoria Police say the man was arrested for assault with a weapon and dangerous operation of a vehicle after driving onto the sidewalk at about 2.p.m. Sunday, nearly striking the protester.
Canada's financial intelligence agency says it expects to see criminals increase their use of cryptocurrency to raise, move and hide funds outside the traditional banking system. In its newly released annual report, the Financial Transactions and Reports Analysis Centre of Canada notes it has been developing strategic intelligence on the role virtual assets play in money laundering and terrorist financing.
Police in Vancouver say they have arrested a 17-year-old suspect who's accused of robbing a man near a SkyTrain station it what was supposed to be a transaction set up through Facebook Marketplace. They say the suspect was arrested Saturday after the victim's friend, who was there during the robbery, noted the buyer's vehicle which helped police make an arrest.
The board says November home sales totalled 1,702, a 4.7 per cent increase from the same month last year, though it marked a slowdown from the prior month of October. The total was 33 per cent below the 10-year seasonal average of 2,538 for November. There were 3,369 new listings of detached, attached and apartment properties last month, a 9.8 per cent increase from a year earlier, as new listings were 2.8 per cent below the 10-year seasonal average.
Police have sought public assistance in locating four Indian-origin men, aged between 22-30 years, in connection with an aggravated assault that took place in Canadian city of Brampton. Aftaab Gill (22), Harmandeep Singh (22), Jatinder Singh (25) and Satnam Singh (30) assaulted a victim in the area of McLaughlin Road and Ray Lawson Boulevard on September 8.
RCMP in Alberta say they believe a fatal shooting at a gas station happened after a dispute at the pumps escalated. Police say members from their detachment in Rocky Mountain House were called to the Sunchild First Nation Gas Station shortly before 8:30 on Sunday morning.