Darpan News Desk The Canadian Press, 09 Oct, 2023 10:14 AM
It is a conundrum that has faced countless homebuyer in recent years -- choosing a fixed- or variable-rate mortgage
That question has taken on even more significance following the Bank of Canada's recent run on rate hikes.
Meridian Credit Union's Allison Van Rooijen says she's seeing borrowers increasingly opt for fixed-rate mortgages because of the stability they offer.
Another trend she notices among fixed-rate borrowers is they're opting for shorter terms than the typical five-year loan as they take a wait-and-see approach to where interest rates are headed next.
A 42-year-old man has been charged with mischief over an incident at the Cloverdale Cenotaph in Surrey more than five months ago. R-C-M-P say the suspect was arrested on July 18th over an incident in which the cenotaph's statue of a kneeling soldier was dismantled.
Canadians returning from Maui have told of harrowing scenes during their escape from the fire-devastated Hawaiian island. Among the evacuees was British Columbia Supreme Court Justice Matthew Taylor who drove through the ruined town of Lahaina on Thursday and said it resembled a "war zone."
The new deal includes a series of fee increases and measures that the province says will provide more supports for Indigenous midwifery. A vote among members of the Midwives Association of British Columbia on July 31 garnered 99 per cent support for the agreement, with 89 per cent of eligible association members taking part in the ballot.
Harjot Singh Samra, 27, was to report to his halfway house in Vancouver once he was released from prison yesterday, but failed to do so. Samra is 5’9″, weighs 252 pounds, and has a heavy build. He has brown/black hair with a balding hairline, and brown eyes.
Emergency crews are at the scene of a collision between a fuel truck and a train in northern Alberta. RCMP say its officers received a report of the collision on Highway 43, near the junction of Highway 32, in Whitecourt, which is located about 180 kilometres northwest of Edmonton.
Officials have already said Canada is experiencing its worst fire season on record, charring more than 130,000 square kilometres to date, which is more than six times the 10-year average. Natural Resources Canada said last week there were more than 650 fires burning across Canada, about two-thirds of them in B.C.
