National

Slow housing market: REBGV

Darpan News Desk The Canadian Press, 05 Sep, 2023 01:45 PM

Vancouver's housing market is on track to see slowing sales and price stabilization.

The Real Estate Board of Greater Vancouver says that's because of higher borrowing costs combined with seasonal patterns.

The board's outlook is being informed by August sales of about 22-hundred units -- 13.8 per cent below the 10-year seasonal average.

It comes as a new report from Re/Max Canada predicts the country's real estate market will be softer this fall, with average home prices expected to remain flat

Prev Next

MORE National ARTICLES

Man shot in the face over the weekend

The victim was at a bus stop when he had bumped into an unknown man on a bike. There was an exchange between the two, and the suspect then shot at the victim, hitting him in the face. Thankfully, the victim was immediately transported to hospital with non-life threatening injuries.

Man shot in the face over the weekend

Kelowna RCMP locate stolen car, arrest repeat offender

Mounties in British Columbia say a man they describe as a "dangerous repeat offender" has been arrested in Kelowna. Police then waited until the 32-year-old man and a woman entered the vehicle and drove it to a business where they were arrested.

Kelowna RCMP locate stolen car, arrest repeat offender

Heat wave spreads from B.C.'s south coast to southern, central Interior

Environment Canada says temperatures in several areas, from the Boundary and Okanagan to parts of the North Thompson and Kootenay were expected to see highs of 39 C though the day.

Heat wave spreads from B.C.'s south coast to southern, central Interior

Firefighter training under scrutiny as 'marathon' wildfire season gives hard lessons

Energy and Natural Resources Minister Jonathan Wilkinson said while the curriculum for firefighter training remains primarily a provincial responsibility, all levels of government and firefighting jurisdictions need to look deeper into "greater interoperability" of crews regardless of where they are based.

Firefighter training under scrutiny as 'marathon' wildfire season gives hard lessons

Suspect charged in Cenotaph mischief

A 42-year-old man has been charged with mischief over an incident at the Cloverdale Cenotaph in Surrey more than five months ago. R-C-M-P say the suspect was arrested on July 18th over an incident in which the cenotaph's statue of a kneeling soldier was dismantled.

Suspect charged in Cenotaph mischief

Canadian evacuees tell of chaotic scenes in Maui wildfire 'war zone'

Canadians returning from Maui have told of harrowing scenes during their escape from the fire-devastated Hawaiian island. Among the evacuees was British Columbia Supreme Court Justice Matthew Taylor who drove through the ruined town of Lahaina on Thursday and said it resembled a "war zone."