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 report says the outlook for operating expenditures is driven by factors, including higher fixed costs to provide existing service levels, the renewal of infrastructure and public amenities, Metro Vancouver levies, and the implementation of key initiatives from the 2023 budget, such as the hiring of additional police officers.'
A statement from the Forests Ministry says recent rains have provided some relief in parts of B.C., but it hasn't been enough to make up the deficit. B.C.'s drought map shows much of the northeastern corner of the province is at drought level four on the five-level scale, meaning conditions are extremely dry with communities and ecosystems likely to experience adverse impacts.
The 28,118-kilogram stick was built to mark the entrance to the Canada pavilion at Vancouver's Expo in 1986, but 37 years later the Cowichan Valley Regional District said it is coming to "the end of its life."
A statement from the Education Ministry says that starting in the 2023-2024 school year, only students in grades 10, 11 and 12 will receive letter grades and percentages so post-secondary entry requirements are met.
Police say a body has been found in a vacant lot in East Vancouver. Constable Tania Visintin says the discovery was made last night by a passerby. It's Vancouver's ninth homicide of 2023.
The federal Liberal Party's Sikh caucus -- which includes several members of Parliament from B-C -- has met with Public Safety Minister Marco Mendocino to discuss the killing of Surrey Sikh leader Hardeep Singh Nijjar. Seven caucus members met with the minister last night.