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Variable mortgage rates regaining traction as Bank of Canada cuts rates

Variable mortgage rates regaining traction as Bank of Canada cuts rates

OTTAWA — The decision by the Bank of Canada to cut its key interest rate target this week was good news for borrowers with variable-rate mortgages, bringing back some of the shine for the once popular loans.
Vancouver's AI surge a boon for real estate, says CBRE report

Vancouver's AI surge a boon for real estate, says CBRE report

Total number of local tech jobs has grown 30.7% over five years
Lululemon founder behind massive project in False Creek Flats

Lululemon founder behind massive project in False Creek Flats

Low Tide Properties seeks to build two 35-storey rental towers, 19-storey office building
Farmers caught in crossfire as China targets Canadian canola for investigation

Farmers caught in crossfire as China targets Canadian canola for investigation

CALGARY — Saskatchewan farmer Ian Boxall is blunt about why he plants canola, the crop caught in the crossfire of the latest trade dispute between Canada and China, every year.
Union members authorize possible B.C. port strike but no notice issued

Union members authorize possible B.C. port strike but no notice issued

VANCOUVER — The union representing foremen at British Columbia's ports say members have voted overwhelmingly to authorize strike action if necessary in an ongoing labour dispute with port employers.
Bank of Canada ready to cut faster — or slower — if it needs to, Macklem says

Bank of Canada ready to cut faster — or slower — if it needs to, Macklem says

OTTAWA — The Bank of Canada may adjust the pace of interest rate cuts if warranted, governor Tiff Macklem said after announcing a third consecutive interest rate cut.
Vancouver home sales fall 17% in August despite interest rate cuts: real estate board

Vancouver home sales fall 17% in August despite interest rate cuts: real estate board

VANCOUVER — Greater Vancouver Realtors says home sales in the region dropped 17.1 per cent in August from a year earlier and were more than a quarter below the 10-year seasonal average.
The NDP-Liberal deal is done. What happens now?

The NDP-Liberal deal is done. What happens now?

OTTAWA — The NDP has pulled out of a confidence and supply agreement with the Liberals.
Interest rate cut welcome news for homeowners with variable-rate mortgages: experts

Interest rate cut welcome news for homeowners with variable-rate mortgages: experts

Real estate experts say the Bank of Canada's third consecutive interest rate cut will be cheered by those with variable-rate mortgages, but it could still be a while yet before lower borrowing costs translate into a meaningful boost to sales activity
Builder sues City of Burnaby for $11.3M over long-delayed ice arena

Builder sues City of Burnaby for $11.3M over long-delayed ice arena

Pomerleau Inc. says 'numerous cumulative impacts and cascading delays' increased costs on the Rosemary Brown Recreation Centre project.