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British Columbia

Hotel property sales soared to $335 million in Q1 2023

Hotel property sales soared to $335 million in Q1 2023

Property transactions up 70 per cent from a year ago, with B.C., Alberta resorts among top targets
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Buyers get busy as Metro Vancouver home prices rally

Buyers get busy as Metro Vancouver home prices rally

‘Prices have already bottomed out unless inventory balloons in the coming months, which is unlikely’: Central 1 Credit Union
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Three B.C. recreational areas investors should watch this summer

Three B.C. recreational areas investors should watch this summer

Bamfield has a new road and a brighter future on the Pacific Rim; Penticton is planning a huge expansion in the South Okanagan; and Coldstream in the North Okanagan is improving its beachfront and infrastructure
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Changing strata law to 55-plus not a blanket ban on young

Changing strata law to 55-plus not a blanket ban on young

Some B.C. strata corporations have changed or plan to change to a 55-plus age regulation to get around a new provincial law that stops a ban on condo rentals
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Hundreds of B.C. firefighters dig in for Fort St. John battle amid weather reprieve

Hundreds of B.C. firefighters dig in for Fort St. John battle amid weather reprieve

FORT ST. JOHN, B.C. — Hundreds of firefighters are taking advantage of a weather break to prepare for a potential worsening of conditions near the wildfire-threatened city of Fort St.
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Chard answers Victoria call for more hotel rooms

Chard answers Victoria call for more hotel rooms

Vancouver developer will start construction next month on the first new hotel to be built in B.C.’s capital city in 17 years
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Rent, mortgage interest helped drive inflation higher in April: Statistics Canada

Rent, mortgage interest helped drive inflation higher in April: Statistics Canada

OTTAWA — The first increase in annual inflation since its June 2022 peak was driven in part by higher mortgage interest costs and higher rent prices, Statistics Canada said Tuesday. Mortgage interest costs were up 28.
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Here's a list April inflation rates for Canadian provinces

Here's a list April inflation rates for Canadian provinces

OTTAWA — Canada's national annual inflation rate was 4.4 per cent in April, Statistics Canada says. Here's what happened in the provinces (previous month in brackets): — Newfoundland and Labrador: 3.5 per cent (3.4) — Prince Edward Island: 3.
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CMHC reports annual pace of housing starts up 22% in April

CMHC reports annual pace of housing starts up 22% in April

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in April rose 22 per cent compared with March, powered by an increase in starts of multi-unit urban homes.
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Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Housing data There are a pair of key reports this week expected on Monday that will help economists gauge the health of the housing market in Canada.
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