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 leaders of Canada and the European Union wrapped up a two-day summit in Newfoundland on Friday with a flurry of partnership announcements on green energy, raw minerals and research funding. Substantive negotiations are complete surrounding Canada's bid to join Horizon Europe, the EU's $100-billion scientific research program, the two parties said in a joint statement on Friday. They are working toward a "prompt signature and implementation" of an official deal, the statement said.
Surrey RCMP General Investigation Unit has been actively working to identify two males who are believed to be involved in this incident. Although a motive has not yet been identified, it appears to have been a targeted incident. At the time of the incident, suspect one was wearing a black t-shirt, beige pants and white shoes. He has visible tattoos on both arms.
In the House of Commons this week, Conservative MPs voted against a bill to implement a negotiated update to an existing trade deal between Canada and Ukraine, touching off a heated debate. Tory Leader Pierre Poilievre has insisted that they were rejecting the legislation because it promotes carbon pricing, which he said has been "devastating" for the Canadian economy, and not voting against the trade deal itself.
Home Depot is recalling some of its pre-lit artificial Christmas trees because they could pose a fire hazard. Health Canada says consumers should stop using the Home Decorators Collection 7.5 foot Grand Duchess Balsam Fir tree with 5000 Colour Changing Lights.
The union representing Vancouver's police officers says it has reached a tentative labour agreement that, if passed, will see its members become Canada's highest-paid officers. Vancouver Police Union president Ralph Kaisers says negotiations with their employers began earlier this year, and the tentative collective agreement was reached on Oct. 31.
The Supreme Court of Canada has set a December date to hear an appeal from a British Columbia couple who argue their declaration of bankruptcy should wipe out millions of dollars in court-ordered fines owed to provincial securities authorities. The case of Thalbinder Singh Poonian and Shailu Poonian has been scheduled for Dec. 6 after Canada's highest court granted leave to appeal earlier this year.