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.
For the past couple years, the volunteer British Columbia air safety group PEP-Air has been using the skeletal fuselage of a light plane for training purposes on a private property north of Kamloops, B.C. The wreck has no motor, wings, doors, seats, or propeller.
Israel's military actions in the Gaza Strip, which it says are aimed at clearing Hamas militants from the Palestinian territory, are making it harder to achieve long-term stability in the region, Prime Minister Justin Trudeau said Friday. "Canada is extremely concerned about the number of civilian casualties in Gaza," Trudeau told reporters at the APEC summit in San Francisco.
Police say a portion of the Coquihalla Connecter outside West Kelowna, B.C., is closed after a commercial truck carrying chemicals caught fire. West Kelowna RCMP say the eastbound lanes of Highway 97C were shut down Friday as fire crews doused the flames.
A confrontation inside a Surrey shopping mall has ended with one person seriously hurt and two others in custody. R-C-M-P say the were called late yesterday afternoon to reports of a fight inside the Guildford Town Centre mall.
Prime Minister Justin Trudeau embraced a more intimate form of Pacific Rim diplomacy Thursday as he sat down with several world leaders on the margins of a sprawling international summit in California. Even before all 21 members of the Asia-Pacific Economic Cooperation group could gather for their traditional family photo, Trudeau had already hosted meetings with Japan, Thailand and Australia, with plans to meet Mexico and Vietnam in the afternoon.
The Canadian government says that as of Wednesday afternoon, it was in touch with 386 people still in the besieged territory. Global Affairs Canada says, so far, 367 Canadians, permanent residents and their relatives have been able to escape via the Rafah border crossing, most recently including two people on Wednesday and 10 on Monday.