Morning Headlines – November 25

Maria Vinca / november 25, 2019

Metro Vancouver’s Housing market is ramping up after an early year downfall
(Wendy Cutler/Flickr)

Metro Vancouver real estate market in recovery

According to “Central 1’s”  Resale market Housing report  the market seems like it’s recovering quickly due to improved affordability and an increased housing demand.

The report says the number of resales across British Columbia are anticipated to be seven per cent higher this year and thirteen percent higher in 2020.

According to Central 1, affordability has improved due to a sharp surpression in mortgage rates and lower prices in large urban markets.

There is a low vacancy rate and rent will continue to increases in the housing market.

Transit users should prepare to use alternative travel during the shutdown of bus and SeaBus services

This week, cancellations and delays will continue with a planned full bus shut down starting Wednesday and will continue until Friday. Transit services will resume on Saturday.

The strike began Nov 1st and will continue until Coast Mountain Bus Company and workers union Unifor reach an agreement.

Translink CEO Kevin Desmond is expected to discuss alternative route options for transit users this morning.

Expect to take alternate routes this week due to the ongoing transit strike

International student was found dead by RCMP in a surrey home
(Prabhleen Matharu/Facebook)

International student is victim of  Surrey homicide

21 year old Prabhleen Matharu was found dead in a surrey home on Friday.

Matharu came to Canada three years ago and was studying at Langara College in Vancouver.

Her family, who currently resides in India, plan on coming to Canada to find out what happened to her daughter.

RCMP say she was found with a body of an unidentified 18 year old Vancouver man.