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.
Flashing lights and police tape encircled a strip mall in northeast Calgary late Wednesday afternoon after a shootout that sent a police officer to hospital and left one suspect dead. Police say tactical team officers were executing a high-risk warrant at McKnight Village, in the northeastern community of Falconridge, at about 1 p.m.
Rainfall warnings across Vancouver Island and the inner south coast have lifted in most areas, but the effects of British Columbia's first atmospheric river of autumn could take a little longer to ease. The B.C. River Forecast Centre posted flood watches across western Vancouver Island and for the Englishman River near Parksville, warning of levels seen only once every 10 years on some waterways.
Nearly 1,600 members launched job action on Sept. 26 after being without a collective agreement for 19 months, forcing the cancellation of tutorials, labs, lectures, office hours and the marking of assignments. Key issues included wages, class size and pensions for instructors.
Mounties in Nanaimo say they're investigating the fatal drug overdose of a woman back in March that they now believe was a homicide. The Nanaimo R-C-M-P says its serious crime unit is looking into the death of 52-year-old Wendy Head, who was found dead at a home in the city on March 7th.
London Drugs president Clint Mahlman says the company has no plans to close stores due to escalating violence and theft, though the issue has reached a "crisis point" for Canadian retailers. Mahlman says the company was disappointed to learn that a Vancouver city councillor said on social media that London Drugs was considering closing one of its main stores in the city, at the intersection of Granville and Georgia streets, due to crime.
Hospitals in Merrit, Oliver and Salmon Arm will get 7.5-million-dollars in permanent funding from the province to help stabilize physician emergency-room coverage. Health Minister Adrian Dix says challenges like worker recruitment and retention and the ongoing toxic-drug crisis are more prominent in rural and remote communities.