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 Bank of Canada’s public consultations on the creation of a digital Canadian dollar reveal most respondents are opposed to it. The central bank released its findings Wednesday that show more than 80 per cent of respondents strongly opposed the Bank of Canada researching and building the capability to issue a digital dollar.
A large majority of Canadians agree that higher immigration is fuelling the housing crisis and putting pressure on the health-care system, a new Leger poll suggests. New federal voting intention numbers from the polling firm also show that the Conservatives are maintaining their sizable lead over the governing Liberals.
The federal Liberal government has reached a deal with Google over the Online News Act, following threats from the digital giant that it would remove news from its search platform in Canada. A government official confirmed that news to The Canadian Press under condition of anonymity, because they were not authorized to speak publicly about the deal.
Environment Canada says thick fog is leading to near-zero visibility throughout the Metro Vancouver area. A blanket of fog has hung over the Lower Mainland since Sunday.
British Columbia's economy is forecast to grow one per cent in 2023, a drop from the 1.2 per cent predicted earlier by the Ministry of Finance. The ministry's second quarterly report also forecasts slower economic growth for next year of 0.7 per cent.
RCMP say the pilot of a plane is dead after it crashed in British Columbia's East Kootenay region on Friday. Columbia Valley RCMP say in a news release that they received a report of a small plane crashing on the Bugaboo side of the valley on Friday afternoon.