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.
Statistics Canada says the energy sector was down 2.1 per cent in May -- its first decline in five months and its largest since August 2020. Canada's record-breaking wildfire season led many mining and oil and gas companies to reduce their operations in Alberta.
The B-C government says it wants to hear from British Columbians about taxi and ride-hailing services in the province. The province says it's holding a public meeting in the fall as a special committee is set to review so-called passenger-directed vehicles that come under the Passenger Transportation Act.
City council in Surrey has awarded a contract for designing the widening of 132nd Street between 72nd Avenue to 80th Avenue. The city says in a news release that the expansion to four lanes aims to improve traffic and safety.
A shooting in Richmond has left one man dead, and police are investigating whether a nearby car fire is related to the case. Richmond RCMP were called to Milner Road at Blundell Road at 5:45 p.m. Thursday for reports of a shooting.
Surrey transit police say the investigation of an attack on three men near a Surrey SkyTrain station has led to three arrests. Police say the alleged unprovoked stabbing attack on three men happened the evening of June 21st.
International Trade Minister Mary Ng is making the overture after a fresh U.S. Commerce Department review maintained duties on softwood imports from Canada. Ng says the duties, while modestly lower, remain an unfair, baseless and punitive measure that hurts the economy on both sides of the border.
