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.
A man whose truck got stuck in the snow west of Kelowna, B.C., needed to be rescued by an RCMP helicopter. Rescuers say the man was unharmed but the situation could have ended much worse and they are warning of a growing trend of drivers relying on online maps to navigate forest service roads.
Police in Abbotsford say businesses in the city are being targeted by extortionists. The Abbotsford Police Department says multiple businesses have received letters seeking protection money to stave off potential violence, but police say the letters have been sent out in a mass mailing to commercial business.
Surrey RCMP is seeking information following an armed robbery that occurred at a Newton business Wednesday morning. On Wednesday, at approximately 11:08 a.m. Surrey RCMP received the report of an armed robbery at a business located in the 8100-block of 128 Street. One person sustained non-life-threatening injuries and was transported to hospital.
Surrey R-C-M-P say their financial crimes unit investigated the alleged fraud spanning from 2015 to 2021 after a victim came forward claiming they lost millions of dollars in real estate investment opportunities. Police say Raj allegedly committed large-scale financial fraud and was arrested and charged with fraud over five-thousand dollars.
A 61-year-old man who accidentally left his cellphone at a New Westminster SkyTrain station is now facing child porn charges. A statement from the Transit Police says pornography was found on the phone when it was searched for contact information, so it could be returned.
A jury has found former RCMP intelligence official Cameron Jay Ortis guilty of breaching Canada's secrets law. Jurors declared Ortis guilty of three counts of violating the Security of Information Act and one count of attempting to do so in a verdict delivered on Wednesday.