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

Shots fired, Molotov cocktail thrown inside Edmonton City Hall, police say

Police were investigating a shooting Tuesday at Edmonton City Hall, where a Molotov cocktail was also thrown from the building's second floor. Police said no injuries were reported. Officers arrested one person and were doing a sweep of the building.

Shots fired, Molotov cocktail thrown inside Edmonton City Hall, police say

NDP Leader Jagmeet Singh kicks off caucus retreat with pitch for next election

Federal NDP Leader Jagmeet Singh is making a pitch to Canadians that his party is a viable alternative to the Liberals or Conservatives when voters to the ballot box in the next federal election. Singh kicked off his party's caucus retreat in Edmonton today with the simple message that New Democrats can be trusted.

NDP Leader Jagmeet Singh kicks off caucus retreat with pitch for next election

Federal use of Emergencies Act was unreasonable, judge rules

The Canadian Civil Liberties Association and several other groups and individuals had argued in court that Ottawa ushered in the emergency measures without sound statutory grounds. The government contended the steps taken to deal with the pan-Canadian turmoil were targeted, proportional, time-limited and compliant with the Charter of Rights and Freedoms.

Federal use of Emergencies Act was unreasonable, judge rules

Feds to launch Canada-U.S. engagement strategy as presidential election looms

Prime Minister Justin Trudeau says the federal government will launch a renewed effort to promote Canada's interests in the United States as the spectre of another Trump presidency looms. He announced the "Team Canada engagement strategy" at the final day of a cabinet retreat in Montreal on Tuesday.

Feds to launch Canada-U.S. engagement strategy as presidential election looms

Cap on student visas could wreak financial havoc on Ontario universities, says rep

Immigration Minister Marc Miller announced new limits to the international student program Monday, including a 35 per cent reduction in the number of study permits it issues this year. The cap comes in response to a recent surge in international students and concerns that some institutions are relying on international enrolments to boost revenues, without offering necessary housing or a quality education.

Cap on student visas could wreak financial havoc on Ontario universities, says rep

Metro Vancouver says stench from Burnaby refinery didn't breach air quality limits

Metro Vancouver says an acrid odour that blanketed parts of the region on Sunday contained elevated contaminant levels, but didn't breach pollution standards. The regional federation of municipalities says it monitors emissions of particulates, nitrogen dioxide and sulphur dioxide from Burnaby's Parkland fuel refinery, and air quality objectives for the contaminants weren't exceeded.