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 B-C government says it will launch a website to seek public input on a new museum that would highlight the history, culture and contributions of South Asian heritages in the province. Lana Popham, minister of tourism, arts, culture and sport, says public input, especially from South Asian communities, is vital to creating a first-of-its-kind museum.
The City of Penticton says it has temporarily evacuated 24 properties in a mobile home park over fears of a potential rock slide. The city says it was notified on Tuesday morning about a large rock that may break off a cliff, and a geotechnical engineer's review prompted the evacuation of the properties in the Pleasant Valley Mobile Home Park.
A second-degree murder charge has been laid in the death of an 18-year-old outside a Surrey high school last year. Homicide investigators say an 18-year-old man has been charged, but his name won’t be released because he was a youth at the time of the death.
Thousands of people in British Columbia saw their $1,000 tax-free COVID-19 benefit unfairly clawed back by the provincial government, says an ombudsperson report. So far, 12,000 people have been told to repay their B.C. Emergency Benefit that the government said was for workers who had been affected by the pandemic, Ombudsperson Jay Chalke said Tuesday.
The federal government recorded a budgetary deficit of $8.2 billion between April and September, $3.9 billion of which was in September. The finance department says in its monthly fiscal monitor that the deficit between April and September compared to a surplus of $1.7 billion during the same period last year.
Nearly 300 Rogers Communications workers have voted strongly in favour of a new contract, ending a company lockout that began two weeks ago. The United Steelworkers union Local 1944, Unit 60, says in a statement that its members voted 96 per cent in favour of ratifying the tentative agreement reached last Friday.