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

Assault in Kelowna, man faces charges

R-C-M-P say the incident happened on Wednesday afternoon when a male approached a female stranger as she walked along the sidewalk and swung at her, grabbed her hair and spit at her. The Mounties say several bystanders jumped in to help the victim who suffered minor injuries.

Assault in Kelowna, man faces charges

B.C. phasing out single-use plastics, giving businesses six months to use inventory

Environment Minister George Heyman says the new regulation comes into effect in December and will cover plastic shopping bags, disposable food service accessories, degradable plastics and any packaging made of hard-to-recycle plastics.

B.C. phasing out single-use plastics, giving businesses six months to use inventory

Racist rant at coffee shop

Vancouver police say a 57-year-old man has been charged after a racially motivated incident at a city coffee shop. They say it happened on Tuesday at a shop on West Pender and Abbott. The suspect has been charged with causing a disturbance.

Racist rant at coffee shop

Paragliding accident in North Okanagan

A statement from Vernon-North Okanagan RCMP say the 63-year-old victim was an experienced paraglider. He had just taken off from a flight school near Lumby when police say he "suddenly and unexpectedly collided with the ground."

Paragliding accident in North Okanagan

Hiker dies in West Vancouver

A hiker has died after plunging more than 60 metres from a path in Cypress Creek Canyon in West Vancouver. Police say the man -- in his 70s -- was hiking with a large group when he fell.

Hiker dies in West Vancouver

B.C. cargo flow should be back to normal in days after port strike, says researcher

The union, which represents 7,400 workers in the job action that began July 1, has not yet commented on the pact. Federal Labour Minister Seamus O'Regan said Thursday that the strike that had snarled trade worth billions was over and thanked both sides.