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.
B-C Ferries is asking for the public's help in deciding what to do with its former buffet spaces on its Tsawwassen-Swartz Bay route. It says an online survey will be open for three weeks and, using that feedback, it hopes to transform the space this fall.
Mounties in Ridge Meadows say they are investigating an assault at a local school. They say officers responded to the incident at a school at 116-B Avenue around 9:40 P-M on Saturday – outside of regular school hours.
The hike is aimed at quelling inflation, which has proved stubborn, not moving down quickly enough toward the central bank's target of two per cent. However, the hike is also bound to weigh on those hunting for homes or holding mortgages.
As the economy continues to outperform expectations, the Bank of Canada has chosen to act sooner rather than later to clamp down on inflation, raising interest rates by a quarter of a percentage point on Wednesday. Its key interest rate now sits at 4.75 per cent, the highest it’s been since 2001.
Connor McTavish and three companions had just planned to explore the site of a shipwreck in Alberni Inlet on Vancouver Island last month when he spotted something in the corner of his eye — a two-metre-long sixgill shark. McTavish and fellow divers Garrett Clement, Danton West and Matteo Endrizzi had made the trip from Nanaimo, B.C., to explore the waters of the inlet in late May.
Travellers from the 13 countries can qualify for the faster, cheaper option if they have either held a Canadian visa in the last 10 years or currently hold a non-immigrant visa to the United States and are travelling by air.