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British Columbia

'We have some big challenges': Port Moody falling behind in meeting B.C. housing target

'We have some big challenges': Port Moody falling behind in meeting B.C. housing target

Port Moody is expected to have 1,695 new homes occupied by September 2028.
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October inflation expected to show mild bump up despite longer-term downward trend

October inflation expected to show mild bump up despite longer-term downward trend

TORONTO — The latest inflation reading due out Tuesday from Statistics Canada is expected to show a slight uptick for the month of October — but economists say the measure is still on a longer-term downward trend.
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CMHC reports annual pace of housing starts up eight per cent in October

CMHC reports annual pace of housing starts up eight per cent in October

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in October rose eight per cent compared with September.
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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: Postal strike Canada Post was hit by a strike Friday after failing to reach a new contract with about 55,000 workers represented by the Canadian Union of Postal Wor
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Home prices decreasing in B.C.’s ski regions, says Royal LePage

Home prices decreasing in B.C.’s ski regions, says Royal LePage

Interest rates, capital gains taxes and short-term rental measures are some factors in province’s recreational property transactions
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Immigration cuts will help housing gap, PBO says, but less than government projects

Immigration cuts will help housing gap, PBO says, but less than government projects

OTTAWA — The federal government is overestimating the impact its cuts to immigration will have on the country's housing shortage, the Office of the Parliamentary Budget Officer said in a new report.
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National home sales surge in October after previous month's supply bump: CREA

National home sales surge in October after previous month's supply bump: CREA

The Canadian Real Estate Association says the number of homes sold in October rose 30 per cent compared with a year ago, marking a shift from the market's holding pattern. On a seasonally adjusted month-over-month basis, national home sales rose 7.
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Victoria exceeds first-year housing target, falls short on affordability

Victoria exceeds first-year housing target, falls short on affordability

A city report says 1,477 net new units were completed in the first year, exceeding the target of 659 new homes
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$574 million in federal financing to help build Vancouver rental homes

$574 million in federal financing to help build Vancouver rental homes

VANCOUVER — The federal government is providing more than $574 million in financing to help build about 950 rental homes in Vancouver.
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Vancouver Island bucks B.C. trend with low residential investor-ownership

Vancouver Island bucks B.C. trend with low residential investor-ownership

Statistics Canada data show local communities prioritize local ownership over investment
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