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.
The last remaining manufacturer to offer an alternative to mRNA COVID-19 vaccines in Canada is boasting about the importance of having several available vaccine options — though the company is providing little certainty about its ability to manufacture the shot domestically. The new formulation is awaiting Health Canada approval.
The Real Estate Board of Greater Vancouver says a jump in new listings is helping to bring some balance back to the region's housing market. The board says September sales totalled 1,926, a 13.2 per cent increase from the 1,701 sales recorded the same month last year. But the total was 26.3 per cent below the 10-year seasonal average of 2,614 and marked a 16.1 per cent drop from 2,296 sales in August.
Central banks have been trying their best to convince the public that their interest rate hikes are ultimately for the greater good. But not everyone is buying it. An informal coalition of labour groups, political leaders and economists has formed over the last year and a half to challenge the very economic concepts behind monetary policy.
Kinew's late father was not allowed to vote as a young man under Canadian law at the time. His mother's birthday was election night, and he brought her onstage to celebrate the historic win along with his wife and three sons. The NDP's victory also brought the resignation of the other two main party leaders.
An industrial accident at the Cypress Mountain Resort in West Vancouver has killed one person. West Vancouver police say it happened Tuesday. They say the operator of a front-end loader was caught under the rig as it overturned.
The B-C Prosecution Service says a man has been charged with eight counts of mischief related to vandalism in Vancouver's Chinatown neighbourhood. The service says seven counts are related to graffiti, including three incidents on cultural property, and one is related to the defacing of a war memorial.