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British Columbia

Major civic project funding on the line as Burnaby saw $175M shortfall in developer money last year

Major civic project funding on the line as Burnaby saw $175M shortfall in developer money last year

Burnaby expected to get $237M from developers last year to pay for its major redevelopment projects in years to come. It came $175M short.
Doubts grow over June interest rate cut after big gains seen in jobs report

Doubts grow over June interest rate cut after big gains seen in jobs report

OTTAWA — The odds of a June interest rate cut from the Bank of Canada appear to have fallen after the latest jobs report from Statistics Canada showed employment jumped by 90,000 last month.
April asking rent prices up 9.3% across Canada; as Ontario sees only decline: report

April asking rent prices up 9.3% across Canada; as Ontario sees only decline: report

The average asking rent for a home in Canada in April was up 9.3 per cent compared with a year ago, while a slight month-over-month increase was also recorded for the first time since January, a new report says. The report by Urbanation and Rentals.
Forestry Minister disappointed in recent Canfor closures

Forestry Minister disappointed in recent Canfor closures

Bruce Ralston, Minister of Forests, has released a statement regarding Canfor's recent decisions to close Polar Sawmill, curtail a pulp line at Northwood Pulp and suspend reinvestment in its Houston mill.
Ag Canada’s climate programs found lacking

Ag Canada’s climate programs found lacking

A report from the auditor general’s office says initiatives designed to help farmers reduce emissions have shortcomings.
These are the non-market rental housing projects developed on Burnaby-owned land

These are the non-market rental housing projects developed on Burnaby-owned land

The city has contributed more than $172 million to non-market housing in the form of land, grants and site prep.
Canfor announces major mill closures in B.C.

Canfor announces major mill closures in B.C.

Canfor blames provincial 'policy changes' and 'increased regulatory complexity' for crimped timber supply
Large-scale Canmore affordable housing set to move forward

Large-scale Canmore affordable housing set to move forward

“All of those years, those lands have always been slated for affordable housing. … It was always meant to be a neighbourhood with the underpinning being affordability. That was always the intent,”
Metro Vancouver urban sprawl contained in past decade, StatCan data shows

Metro Vancouver urban sprawl contained in past decade, StatCan data shows

Out with the detached home (if not bigger) and in with the townhouse and condo.
ATCO subsidiary to build new Alberta pipeline to supply gas to petrochemical project

ATCO subsidiary to build new Alberta pipeline to supply gas to petrochemical project

CALGARY — Canadian Utilities Ltd., a subsidiary of Calgary-based holding company ATCO Ltd., plans to build a new, $2-billion natural gas pipeline in Alberta that will supply a massive net-zero petrochemical project being built northeast of Edmonton.