An economist says the Canadian housing market could be in for a rebound this year after a cautious 2023.
T-D Bank economist Rishi Sondhi says that optimism depends largely on the forecasts of the Bank of Canada cutting interest rates, which may begin as early as the second quarter.
Home prices softened in several areas late last year, including in the Fraser Valley.
Vancouver Realtor Tim Hill says he is optimistic of consumer sentiments slowly shifting as prices improve in recent months.
Premier David Eby says the number of short-term rentals has ballooned in recent years and the government is taking action to reduce “profit-driven mini-hotel operators” by bringing in new enforcement tools. Housing Minister Ravi Kahlon introduced the bill in the legislature today, saying there has been "an explosion" of short-term rental units and this legislation will target areas with high housing needs.
Police say that after an almost yearlong investigation, homicide investigators have determined that 57-year-old Jodine Millar was murdered. Millar was reported missing on Nov. 28, the same day police found her empty car after a crash on Highway 1.
Coquitlam School District 43 says in a statement to families on its website that plans are in the works to support continued learning for the school community at Hazel Trembath Elementary School in Port Coquitlam. Coquitlam RCMP say they are investigating a suspicious fire at the school, which was fully engulfed when first responders arrived at the scene early Saturday.
The Integrated Homicide Investigation Team says 57-year-old Balvir Singh of New Westminster was charged Saturday with second-degree murder. I-H-I-T is identifying the victim as 46-year old Kulwant Kaur of New Westminster.
The city issued a statement on Friday saying it was asking for a judicial review by the Supreme Court of British Columbia, challenging the province's "lawful authority" to impose its choice of police force without providing the funding to support such a move.
Prosecutors in British Columbia say they won't be charging an RCMP officer in connection with the death of an Indigenous man in Prince George in 2020. A statement from the prosecution service says that although the province's independent watchdog said there were reasonable grounds to believe the officer may have committed an offence, the evidence available isn't enough for charges.