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 21-day murder trial that was supposed to begin Monday in British Columbia Supreme Court in Salmon Arm ended almost immediately as Derek Favell entered a guilty plea. The Shuswap-area resident, who is in his early 40s, was charged with the 2016 slaying of his former girlfriend Ashley Simpson.
British Columbia's Opposition leader is promising to immediately cut the provincial carbon tax on all fuels and stop planned future increases if elected to form government next year. BC United Leader Kevin Falcon says his party would give motorists a break by eliminating the provincial fuel tax, currently at about 15 cents per litre on gasoline and diesel, and remove the carbon tax on all home-heating fuels.
Statistics Canada is reporting the economy flatlined in August as higher interest rates, inflation, forest fires and drought conditions weighed on the economy and its preliminary estimate suggests the economy shrank at an annualized rate of 0.1 per cent in the third quarter.
A temporary respite from Israel-Hamas hostilities should not be Canada's focus, Israeli and Palestinian advocates argued separately on Parliament Hill Monday, even as the Canadian government continued to push for ``humanitarian pauses.''
British Columbia has plans to make Holocaust education mandatory for high school students with additions to Grade 10 curriculum coming in 2025. It has been a "frightening time" for the Jewish community after deadly terrorists attacks by Hamas militants in Israel earlier this month, Premier David Eby told an audience at the Jewish Community Centre of Greater Vancouver on Monday.
Bylaw officers in Surrey have seized 100-thousand dollars' worth of fireworks from a single unlicensed retail location, just ahead of Halloween. A statement from the City of Surrey says R-C-M-P officers found the illegal fireworks store through online and social media searches and issued municipal tickets to the owner and two employees.