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.
Metro Vancouver mayors say they need billions of dollars over the next few years and a more reliable funding model from the federal government in order to improve transit. Port Coquitlam Mayor Brad West, chair of the Mayors’ Council, says they have agreed on a plan to expand transit services to accommodate for population growth and put affordable housing within reach of transit.
Iraj Daneshvar was arrested on Thursday, and charged with two additional counts of sexual assault by the York Regional Police's Criminal Investigations Bureau, in conjunction with Sexual Assault and Crimes Against Children Unit.
The Federation of Canadian Municipalities says new research it commissioned finds municipalities would need $600 billion in infrastructure funding to help build 5.8 million homes by 2030. That's the number of homes the Canadian Mortgage and Housing Corp. says Canada needs to build to restore affordability.
It might look frightening, but Vancouver residents are being advised not to be concerned if they hear what sounds like gunfire or see armed military members around a now-closed brewery on the city's west side. Capt. Graeme Kaine with 39 Canadian Brigade Group, which administers reserve forces in British Columbia, says members from the Vancouver-based Seaforth Highlanders regiment will be taking part in urban operations training this weekend.
The top two heads of the European Union are set to meet with Prime Minister Justin Trudeau beginning on Thursday in Newfoundland and Labrador's capital city of St. John's. Their meeting comes as wars rage in the Gaza Strip and Ukraine, and EU officials say both are likely to feature prominently in the two days of meetings between Trudeau, European Council President Charles Michel and European Commission President Ursula von der Leyen.
Residents of a mobile home park in Penticton must wait another day to learn when they might be allowed to return to their homes. Twenty-five units in the Pleasant Valley Mobile Home Park were ordered evacuated Tuesday and a state of local emergency was declared when city officials spotted a large and potentially unstable boulder on the hillside above the south Okanagan homes.