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British Columbia

October building boom pushes Vancouver permits to $1.13B, says StatCan

October building boom pushes Vancouver permits to $1.13B, says StatCan

Vancouver building permit values make 14% jump
Housing unaffordability still rising despite billions in government measures: PBO

Housing unaffordability still rising despite billions in government measures: PBO

OTTAWA — The number of Canadians in need of affordable housing is still rising despite billions in federal spending to tackle housing affordability, the parliamentary budget officer said in a new analysis published Thursday. The report says 2.
Report: New West needs 8,137 new housing units in the next five years

Report: New West needs 8,137 new housing units in the next five years

What type of housing is needed in New Westminster? “Housing needs and demand exist across the housing spectrum in New Westminster and for various demographics.”
Realtor commissions get fresh look amid litigation, B.C. market recovery

Realtor commissions get fresh look amid litigation, B.C. market recovery

Commission structures may appear to be opaque to some buyers and sellers
Contractor's lawsuit alleges more than $1M in unpaid work on Okanagan development

Contractor's lawsuit alleges more than $1M in unpaid work on Okanagan development

Lawsuit seeks compensation for construction, landscaping, equipment costs
Banks lower prime rates following Bank of Canada move

Banks lower prime rates following Bank of Canada move

TORONTO — Canadian financial institutions are lowering their prime lending rates to match the half percentage point decrease announced today by the Bank of Canada.
BoC delivers jumbo interest rate cut, signals slower pace of cuts moving forward

BoC delivers jumbo interest rate cut, signals slower pace of cuts moving forward

OTTAWA — The Bank of Canada delivered another hefty interest rate cut as it acknowledged the economy has been weaker than it anticipated, but governor Tiff Macklem said Canadians should expect a slower pace of cuts moving forward.
Removal of tower limits on Broadway up for Vancouver council debate

Removal of tower limits on Broadway up for Vancouver council debate

Proposed amendments trigger petition from planners, architects; 139 citizens registered to speak to council Wednesday
Former Nanaimo hotel being dismantled for future development

Former Nanaimo hotel being dismantled for future development

Plans for the property — the former home of the Howard Johnson Harbourside Hotel — have not been finalized, but the Snuneymuwx First Nation is exploring mixed-use for the site.
These are the most and least expensive homes sold on the North Shore in October and November

These are the most and least expensive homes sold on the North Shore in October and November

There’s an $8.5-million difference between the most and least expensive townhomes