The Canadian government will allow 30-year amortization periods on insured mortgages for first-time homebuyers purchasing newly built homes. Finance Minister Chrystia Freeland made the announcement in Toronto today, saying it would take effect Aug. 1.
The parliamentary budget officer says Canada would need to build 1.3 million additional homes by 2030 to eliminate the country's housing gap. The newly released report looks at how many more homes would need to be built restore Canada's vacancy rate to the historical average.
Police say an autopsy shows the victim, 56-year-old Buta Singh, died from a gunshot wound. The suspected shooter, who was 49, died from a self-inflicted gunshot wound but has not been named. Police say they're checking to see if the shooting is connected to a string of extortion schemes targeting homebuilders in the city's South Asian community.
Premier David Eby says there has been at least 18 such protests at schools, and the law would stop people from blocking access, attempting to intimidate another person or disrupting school activities, such as banging on classroom windows.
Vancouver's city council is extending a program that allows people to drink alcohol in certain plazas until May 2025. The city says the program has gone ahead successfully for four years.
Police in Victoria are looking for witnesses to come forward after a man was fatally stabbed. Officers were called to the scene shortly before midnight last night and found the man suffering from stab wounds.
