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.
Alberta's law enforcement review agency is investigating the fatal shooting of a man by an Edmonton police officer. At about 8:30 p.m. Sunday, police were sent to an area northeast of the city's downtown in response to reports of a man with a knife approaching people.
At $1,489,100, the Benchmark price for an FVREB single-family detached home decreased 0.94 per cent compared to October 2023 and increased 6.22 per cent compared to November 2022.
Environment Canada is also warning drivers on the Sea to Sky Highway from Squamish to Whistler to exercise caution due to heavy rains raising the risk of flooding and landslides along the route. The rainfall warning says an atmospheric river is set to make landfall on the province's southern coast today, bringing as much as 150 millimetres of rain to Western Vancouver Island.
Prominent Jewish groups are set to host a rally on Parliament Hill Monday afternoon in solidarity with Israel. The Centre for Israel and Jewish Affairs says the event is meant to be a show of collective strength in the face of what it calls staggering antisemitism.
A Canadian citizen has been confirmed dead in Lebanon, the eighth since the start of the Israel-Hamas war. In an update Sunday evening, Global Affairs Canada provided no further details but did confirm that 130 more Canadians left Gaza this weekend after the Rafah border crossing reopened to foreign nationals.
The Canadian Food Inspection Agency says it has detected the presence of Avian influenza at a Chilliwack commercial poultry operation. It is now the 50th B-C location where the contagious viral infection has been detected at commercial or backyard bird operations since October.