National

Real Estate Board see stability in real estate

Darpan News Desk The Canadian Press, 26 Jan, 2024 05:22 PM

The Real Estate Board of Greater Vancouver says there’s an emerging patter of stability in the commercial real estate market.

While sales were down in the third quarter of 2023 compared with the year before, the board says demand for commercial properties is starting to re-emerge.

Commercial sales in the third quarter last year totalled 1.8 billion dollars, a 20.2 per cent drop from the same period the year before.

Andrew Lis, the board’s director of economics, says it’s too soon to say if the third quarter was the bottom of the cycle, but sales remained static in the fourth quarter, which could reflect a shift toward a more positive 2024.

Prev Next

MORE National ARTICLES

Union warns of 72-hour Metro Vancouver bus strike if deal isn't reached

The union representing transit supervisors for Coast Mountain Bus Company says it will launch a new 72-hour strike stopping Metro Vancouver buses from operating if a tentative deal isn't reached by next week.

Union warns of 72-hour Metro Vancouver bus strike if deal isn't reached

Canadians worry about quality of health care, have little faith it will improve: poll

The poll by Leger comes nearly a year after the federal government offered a $196-billion health accord to the provinces to increase health funding and address a growing shortage of health-care workers. Doctors, nurses and other health-care professionals have warned for years about a dangerous lack of health workers, leading to understaffed emergency rooms and a lack of primary care that is felt across the entire health system.

Canadians worry about quality of health care, have little faith it will improve: poll

NDP Leader Jagmeet Singh says a second Trump presidency would be trouble for Canada

Former U.S. president Donald Trump is an "egomaniac" operating in his own world, argues federal New Democrat Leader Jagmeet Singh, saying if he makes it back to the White House it could spell trouble for Canada. During the NDP's caucus retreat in Edmonton, Singh said Trump operates in his own league. He likened him to an egomaniac who is seeking vengeance on his political enemies.

NDP Leader Jagmeet Singh says a second Trump presidency would be trouble for Canada

Six dead in N.W.T. plane crash, one survivor taken to hospital

Six people died in a plane crash near the town of Fort Smith, while a lone survivor was taken to hospital, the Northwest Territories coroner's office said Wednesday. Four passengers and two crew members from Northwestern Air Lease were killed on the Tuesday morning flight headed to the Diavik Diamond Mine, some 300 kilometres northeast of Yellowknife, the coroner's office said in a written statement.

Six dead in N.W.T. plane crash, one survivor taken to hospital

Man dies in Chilliwack hit and run

Mounties in Chilliwack say a man is dead after a hit-and-run collision last week. Chilliwack R-C-M-P says officers found an unresponsive male lying on the side of the road on January 18th after receiving a report.

Man dies in Chilliwack hit and run

One dead in suspected targeted shooting in Metro Vancouver: RCMP

One man is dead after what police believe was a targeted shooting overnight in Metro Vancouver. Police say officers responded to reports of a shooting in the 5500 block of Kingsway in Burnaby on Tuesday at 10:30 p.m.