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.
India reportedly wants 41 of 62 Canadian diplomats out of the country by early next week- a striking, if largely anticipated, deepening of the rift that erupted last month following Trudeau's explosive allegations in the House of Commons.
Liberal member of Parliament Greg Fergus has been elected the House of Commons Speaker in a historic mid-session vote, becoming the first Black person to hold the position in Canada's Parliament. Fergus, 54, was first elected to represent the Quebec riding of Hull-Aylmer in 2015.
British Columbia politicians are back in the legislature for the fall session, and the seating arrangement looks a little different. The Conservative Party of B.C. now has official party status, complete with a nearly $400,000 annual budget, after former BC United MLA Bruce Banman crossed the floor last month to join John Rustad.
Shortly after taking office in 2015, Trudeau's government announced it would publish the lists of tasks given to each minister, known as mandate letters. The documents lay out the priorities for each federal minister, and signal to public servants the timeline or scope of policies the government wants to advance.
R-C-M-P in North Vancouver say a lead-footed driver with a learners licence is a lot poorer -- and less mobile -- today after making a bad choice on Friday night. Mounties say the 19-year-old was clocked doing 199 kilometres per hour in an 80-kilometre per hour zone along the Upper Levels Highway through North Van.
Experts are warning the next few years will likely see sharp mortgage payment increases amid expectations that interest rates will stay higher for longer. Variable rate mortgage holders have already seen their payments surge by more than 49 per cent on average, according to Bank of Canada data, but many fixed rate holders still haven't felt the sharp rise in rates.