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British Columbia

B.C. construction sector seeks support as workers shortage, late payments persist

B.C. construction sector seeks support as workers shortage, late payments persist

VICTORIA — British Columbia's construction industry says its workforce numbers have improved in recent years, but persistent labour shortages are putting "extreme pressures" on employers.
Budget 2024: Key numbers from the Liberals' latest spending plan

Budget 2024: Key numbers from the Liberals' latest spending plan

OTTAWA — Here are some key numbers from the Liberal government's federal budget: $535 billion: Total government spending for the 2024-25 financial year. $39.
In federal budget, Ottawa looks to Canada Post land for building housing supply

In federal budget, Ottawa looks to Canada Post land for building housing supply

OTTAWA — The federal government is eyeing underutilized Canada Post and National Defence properties as a way to deliver affordability and supply to the country's housing market.
Housing starts down seven per cent in March from February: CMHC

Housing starts down seven per cent in March from February: CMHC

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February.
B.C. experts urge more budget spending to tackle housing crisis

B.C. experts urge more budget spending to tackle housing crisis

Funding attached to the Canada Rental Protection Fund and infrastructure fund is not enough, says B.C. housing minister.
B.C. home sales slide almost 10 per cent in March despite mortgage rate drop

B.C. home sales slide almost 10 per cent in March despite mortgage rate drop

The B.C. Real Estate Association says the province saw 6,460 residential unit sales in the Multiple Listing Service systems last month, a 9.5-per-cent decline from March 2023.
Comment: B.C. needs legislation that requires construction payments to be prompt

Comment: B.C. needs legislation that requires construction payments to be prompt

Why should anyone have to wait to be paid for completed work?
'Factory-built housing' linchpin in solving Canada's housing crisis, says former mayor

'Factory-built housing' linchpin in solving Canada's housing crisis, says former mayor

Co-chair of housing and climate task force says B.C. forestry industry to play key role in building 5.8 million homes through 'factorization' of Canadian housing.
Liberals say their plan to 'solve the housing crisis' will build 3.9M homes by 2031

Liberals say their plan to 'solve the housing crisis' will build 3.9M homes by 2031

OTTAWA — The federal Liberals have unveiled their plan to solve the housing crisis, building on recent announcements with new tax incentives, more than a billion dollars for homelessness and a country-wide effort to build more housing on public lands
Ottawa to allow 30-year amortization for first-time buyers' mortgages on new homes

Ottawa to allow 30-year amortization for first-time buyers' mortgages on new homes

TORONTO — Some advocates are praising Ottawa's move to lengthen the amortization period on insured mortgages for certain homebuyers, but say expanding the policy to all Canadians would help make home ownership more affordable.