Close X
Wednesday, December 4, 2024
ADVT 
National

Slow home sales in BC

Darpan News Desk The Canadian Press, 14 Nov, 2023 04:43 PM
  • Slow home sales in BC

The B-C Real Estate Association's chief economist says high borrowing costs and stricter stress tests for buyers have led to an expected slowing of home sales in the province.

However, Brendon Ogmundson says inventory remains low, balancing the market at what he says is a very low level of activity.

The association's latest figures show five-thousand, 373 residential units sold last month, a 1.8 per cent increase from the same month last year, while prices rose 4.1 per cent over the same period.

Residential sales were down 13.6 per cent to 63.1-billion dollars for the first 10 months of this year compared with last year.

MORE National ARTICLES

Canada's promised Indo-Pacific trade representative to be based in Jakarta: Mary Ng

Canada's promised Indo-Pacific trade representative to be based in Jakarta: Mary Ng
Canada will open an export development office in Jakarta and has named an Indo-Pacific trade representative to help Canadian businesses enter new markets in the region, Prime Minister Justin Trudeau announced Tuesday while in Indonesia.

Canada's promised Indo-Pacific trade representative to be based in Jakarta: Mary Ng

Students head back to school as heat warnings blanket Central Canada

Students head back to school as heat warnings blanket Central Canada
The government of British Columbia has said no schools were damaged by the fires that tore through parts of the province, but that doesn't mean students will be unaffected.  The flames passed close by some schools in Kelowna, B.C., leaving destruction in their wake. 

Students head back to school as heat warnings blanket Central Canada

Weekend weather in central B.C. causes 'very aggressive' fire activity

Weekend weather in central B.C. causes 'very aggressive' fire activity
British Columbia's wildfire service says long weekend weather conditions caused "very aggressive fire activity" on several active blazes in the province's central fire zone. The service says the area covering the Vanderhoof and Fort St. James fire zone saw less humidity than expected, coupled with hot temperatures and strong winds over the long weekend. 

Weekend weather in central B.C. causes 'very aggressive' fire activity

Political pressure to stop rate hikes now coming from premiers, as BoC decision nears

Political pressure to stop rate hikes now coming from premiers, as BoC decision nears
Two premiers have sent letters to Bank of Canada governor Tiff Macklem urging the central bank to halt rate hikes ahead of its next rate decision tomorrow. Ontario Premier Doug Ford sent a letter on Sunday saying families and businesses cannot afford the "crushing impact of further rate hikes," echoing a letter British Columbia Premier David Eby sent on Thursday.

Political pressure to stop rate hikes now coming from premiers, as BoC decision nears

Shooting in Port Alberni

Shooting in Port Alberni
A man is in hospital and police are looking for a suspect vehicle after a shooting in Port Alberni. The R-C-M-P say it happened earlier today in a city back alley, leaving the victim with non-life-threatening injuries.

Shooting in Port Alberni

B.C. prison announces $287,000 seizure of contraband, from cellphones to steroids

B.C. prison announces $287,000 seizure of contraband, from cellphones to steroids
Prison officials in British Columbia say they've seized a large stash of contraband, including steroids and cellphones, smuggled into a maximum security institution outside Vancouver last week. Kim MacPherson, an assistant warden at Kent Institution, says the seizure was made on Aug. 24 thanks to staff vigilance. 

B.C. prison announces $287,000 seizure of contraband, from cellphones to steroids