There was a surprise jump in home sales in December.
The Canadian Real Estate Association says home sales rose 3.7 per cent from December of 2022 in what was the biggest year-over-year gain since August.
The actual national average price of a home sold in December rose 5.1 per cent from the previous year to more than 657-thousand-dollars.
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.
A Statistics Canada study into what it calls the "bank of mom and dad" shows home ownership among young high earners in British Columbia increases more than anywhere else in Canada if their parents are homeowners, too. The study also finds that nationally, people born in the 1990s are twice as likely to own a home if their parents are homeowners, compared to those whose parents are not.
Police in Port Moody are investigating after arresting a 15-year-old who allegedly brandished a knife while chasing another teen through a crowd of students at a busy bus stop. Police say it happened yesterday afternoon (in the 13-hundred block of David Avenue) when a fight between two young people escalated into the armed chase.
British Columbia Premier David Eby says it's "hard to understand" why other politicians still believe in relying on the private sector to deliver affordable housing and instead it's time for governments to step up. Eby says there are proposals at the federal level to sell public land and buildings to help solve the crisis, but B.C. is doing the opposite by taking inventory of provincially and municipally owned land in order to build more homes.