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More rental housing development needed despite recent rise: RBC economist

More rental housing development needed despite recent rise: RBC economist

Rental housing construction in Canada has picked up significantly and is expected to keep growing this year, according to a new RBC report. However, the report says more supply is needed to fill the backlog of demand.
B.C. municipalities get $1.6 billion in federal infrastructure funds over five years

B.C. municipalities get $1.6 billion in federal infrastructure funds over five years

VICTORIA — Three levels of government say they've finalized a deal that will provide more than $1.6 billion in federal funding over the next five years to communities in British Columbia, to build and maintain "critical infrastructure.
Vancouver home sales fall 19 per cent in June as inventory continues to build: board

Vancouver home sales fall 19 per cent in June as inventory continues to build: board

VANCOUVER — Greater Vancouver's real estate board says the number of homes sold in June tumbled 19.1 per cent from the previous year as inventory continued accumulating to levels not seen since the spring of 2019.
Business and consumer insolvencies rise in May from last year

Business and consumer insolvencies rise in May from last year

TORONTO — Canadian insolvencies rose in May from last year as elevated inflation and interest rates continue to hit businesses and consumers.
Lake Okanagan Resort future bleak one year after fire

Lake Okanagan Resort future bleak one year after fire

Efforts to rebuild the resort at a standstill 10 months after devastating fire, according to Okanagan area director
First Nations stake claim to 300 acres of Crown land in Surrey

First Nations stake claim to 300 acres of Crown land in Surrey

Future use of industrial-zoned land yet to be determined
Data Points: B.C. residential building permit issuances reach $2.1B record value

Data Points: B.C. residential building permit issuances reach $2.1B record value

Record residential permits, interest rate cuts expected to fuel growth
No 'reprehensible' conduct by Richmond developer during trial, judge finds

No 'reprehensible' conduct by Richmond developer during trial, judge finds

Anderson Square Holdings Ltd. was ordered to pay pre-sale buyers $13.1 million in damages.
Images: Massive new rental and retail project proposed for area next to Vancouver university

Images: Massive new rental and retail project proposed for area next to Vancouver university

Almost 550 residential units are included.
Construction association issues alert about changes to policy

Construction association issues alert about changes to policy

Contractors worried new approach to procurement will undermine government's duty to fairness