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.
Firefighters had to break windows to free people trapped in a coach bus that rolled Wednesday morning in southeast Saskatchewan. Dwayne Stone, the fire chief for the Town of Grenfell, said they were called out to the crash on the Trans-Canada Highway east of Wolseley just after 7 a.m. Roads were extremely slippery after the area was doused by rain then covered in snow.
Housing Minister Ravi Kahlon says new legislation introduced today will reduce housing construction delays, delivering more homes for residents sooner. He says that if Bill 44 is passed, local governments would need to shift their planning process to an "upfront framework."
Dr. Tracy Pickett, a specialist in emergency and clinical forensic medicine who was called as an expert witness by the Crown, had not finished testifying in B.C. Supreme Court when she was found dead on Sept. 28. She had testified about injuries suffered by the 13-year-old girl Ali is accused of killing.
Provincial court Judge Glenn Lee told the court in Richmond, B.C., that Tim Goerner will still be young when his sentence is done and he can then spread a message to people about the dangers of drinking and driving. The court heard he had been drinking at a party before the high-speed crash that killed Emily Selwood and Evan Smith as they walked down a sidewalk on the university campus in the early morning hours of Sept. 26, 2021.
Hopley, 58, is wanted on a Canada-wide warrant and has a history of convictions for assault, property offences and sexual crimes that include three offences against children. He was declared a long-term offender and handed a six-year prison term for the 2011 abduction of a three-year-old boy from his home in Sparwood in southeastern British Columbia.
The latest announcement, which also comes as Liberals face a major dip in the polls, puts the government on track to build about 29,200 homes on public lands by 2029. Procurement Minister Jean-Yves Duclos also said on Tuesday the Canada Lands Corp. is setting a new target to include at least 20 per cent affordable housing across its projects.