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.
Canada Mortgage and Housing Corporation says housing starts in Vancouver tumbled 45 per cent in May. The drop covered all types of projects -- from apartments and condos to other kinds of multi-unit developments -- and the trend was reflected in Montreal, where starts were off 35 per cent, and in Toronto, where starts fell 28 per cent.
Ottawa released a statement Wednesday confirming that it was going ahead with the expropriations without the consent of all affected land owners. Federal Transport Minister Omar Alghabra and Procurement Minister Helena Jaczek say in the release that the federal government will take physical possession of the parcels of land required for the project on Aug. 1.
Ottawa is also adding $13 million to its funding for law enforcement, as Canada and the U.S. focus on shoring up the work of the Haitian National Police as they try to stop gangs from committing brazen acts of violence and controlling critical infrastructure.
A man is suing a fast-food restaurant in B-C after allegedly finding a metal bolt in his meal. Court documents say carpenter Roman Chromy was eating at a New Westminster McDonald's where he bought the allegedly contaminated food.
A B-C man has been found guilty of sexual assault stemming from an attack in Metro Vancouver in early 2022. North Vancouver R-C-M-P say Mission resident Jairus-Paul Sacramento is to be sentenced in court at a later date.
Prince Rupert R-C-M-P say in a media release that officers responded to a call to the 100 block of Silversides Drive on Tuesday evening. Police say they do not believe there is a risk to the public, nor is there an outstanding suspect in the case.