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 call to Mission R-C-M-P about shots fired in the Hatzic Valley has resulted in the dismantling of a large fentanyl operation. Police say they were called in October to a report of gunshots heard and when they arrived they found several spent bullet casings, but confirmed no one on the property was injured.
B-C’s gang squad says it has secured charges, including loansharking and money laundering, against a 35-year-old woman. The Combined Forces Special Enforcement Unit says it began an investigation in 2019 into allegations related to criminal interest rates and illegal operation of a money service business.
An early morning fire has shut down an elementary school in the Metro Vancouver municipality of Surrey. Surrey Fire Services say the fire, which has been knocked down, left some damage to the school’s walls but caused no injuries.
Business leaders are seizing on Prime Minister Justin Trudeau's trip to Washington on Friday to urge him to delay a controversial tax aimed at foreign tech firms that cater to Canadian audiences. The digital services tax, which takes effect in January, is deeply unpopular with Canada's most important ally and trading partner, says Goldy Hyder, president and CEO of the Business Council of Canada.
A Canadian man trying to get out of Gaza with his family says Global Affairs Canada has asked him to gather his documents and be prepared to leave at any moment through the enclave's border crossing with Egypt. An apparent agreement on Wednesday allowed hundreds of foreign passport holders and dozens of wounded Palestinians to leave Gaza through the Rafah crossing for the first time since the war began.
Statistics Canada said that cocaine use is continuing to show signs of increase in the country based on new data of wastewater monitoring. In most Canadian municipalities, cocaine levels increased from January to May 2022 compared with the same period in 2020, the national statistical institute said.