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British Columbia

30 to 40 storey towers to be considered at prominent New West site

30 to 40 storey towers to be considered at prominent New West site

It’s early days but a new redevelopment proposal is in the works for the Royal Towers Hotel site in New Westminster.
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BoC delivers half percentage point rate cut, says it now must keep inflation at 2%

BoC delivers half percentage point rate cut, says it now must keep inflation at 2%

OTTAWA — The Bank of Canada claimed victory against high inflation on Wednesday as it delivered a supersized interest rate cut and signalled its policy rate will likely continue falling in the coming months.
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Fourth straight interest rate cut may not bring buyers back to the market just yet

Fourth straight interest rate cut may not bring buyers back to the market just yet

TORONTO — While the Bank of Canada's fourth straight cut to its key interest rate could inspire potential homebuyers to get off the sidelines, some commentators say the housing market may not see a huge spark just yet.
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A look at what people are saying about the Bank of Canada's rate decision

A look at what people are saying about the Bank of Canada's rate decision

OTTAWA — The Bank of Canada cut its key policy interest rate by 50 basis points on Wednesday to bring it to 3.75 per cent (a basis point is equal to a one-hundredth of a percentage point).
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Port Moody councillor accuses colleagues of giving short shrift to tall towers

Port Moody councillor accuses colleagues of giving short shrift to tall towers

A proposal by Vancouver-based PCI Developments to build two 39 storey rental towers would be the tallest buildings in Port Moody
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Vancouver industrial vacancy rate surpasses 3% for first time since 2015

Vancouver industrial vacancy rate surpasses 3% for first time since 2015

Metro Vancouver industrial vacancy rate still among lowest in Canada, says Avison Young
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Green councillor withdraws call for review of natural gas ban reversal in new homes

Green councillor withdraws call for review of natural gas ban reversal in new homes

Vancouver council voted 6-5 in July to reverse policy that banned use of natural gas for heating, hot water in construction of new detached homes
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Kamloops prepares for housing boom as old government building comes down

Kamloops prepares for housing boom as old government building comes down

Hundreds of homes to be built in two-phase project starting in 2025
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Feds’ order to end rail shutdown ‘unprecedented,’ labour tribunal says

Feds’ order to end rail shutdown ‘unprecedented,’ labour tribunal says

MONTREAL — The federal government's directive to end the countrywide rail shutdown in August marked an "unprecedented" move, says Canada's labour tribunal, signalling a stauncher approach to disputes that rarely see direct intervention from cabinet.
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Metro Vancouver developers propose shifting construction fees directly to homebuyers

Metro Vancouver developers propose shifting construction fees directly to homebuyers

Metro Vancouver developers say they should not be on the hook for development cost charges levied on new home construction projects to pay for growth-related infrastructure; however, one developer has pitched a proposal that such fees first be financed by government then paid by homebuyers, upon purchase.
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