After making a bunch of calls I finally found one red Savage Rascal in the Lower Mainland. Went and picked it up from Reliable this morning, and then had it our to the range to "test fire" it after work. Nice simple action, smooth bolt, it nicely ejects empty casings, and the sights are surprisingly accurate.
I'll be giving this to my boy for either his Bday or Xmas, but I figured I would get the search done early. Many shops have these Rascals on back order and have had on back order for a while.