Vancouver home prices rose slightly from June to July
Darpan News Desk The Canadian Press, 02 Aug, 2023 10:12 AM
Home prices in the Greater Vancouver Area rose slightly between June and July to just over 1.2-million-dollars.
The Real Estate Board of Greater Vancouver says that was due to strong sales figures and few listed homes.
Sales last month were running 15.6 per cent below the 10-year seasonal average which the board attributes to the Bank of Canada's steep interest rate hikes.
The prime minister has a series of meetings and events, during which he is expected to promote Canada as a trade and investment partner for American businesses. One topic that has been garnering a lot of attention, is what Ottawa is planning for its critical minerals sector.
On global markets, the price of grains, vegetable oil, dairy and other agricultural commodities has fallen steadily for months. But the relief hasn't made it to the real world of shopkeepers, street vendors and families trying to make ends meet.
Chief economist Bob Duggan says home ownership will be less affordable in the near-term because of higher mortgage rates and high price levels. He also expects rental affordability will likely decline as well.
The River Forecast Centre website says temperatures are expected to be at least 10 degrees above normal for many areas of the province right through the weekend before cooler weather and rain arrive next week.
Mayor Ken Sim says the community has called the cost of parking a barrier to visiting and doing business in Chinatown. The new flat rate will take effect June 1st and run from 9 a-m to 10 p-m, seven days a week.
Lawyers for Cody Haevischer and Matthew Johnston argued last October that the men were wrongfully denied a chance to give evidence about "egregious" police misconduct and cruel in-custody treatment that tainted their convictions.