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British Columbia

Liberal energy minister promises ban on oil furnaces for new builds as soon as 2028

Liberal energy minister promises ban on oil furnaces for new builds as soon as 2028

OTTAWA — Ottawa intends to ban the installation of oil furnaces in new construction as soon as 2028, Energy Minister Jonathan Wilkinson announced Tuesday.
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CMHC says annual pace of housing starts in June down 9% from May

CMHC says annual pace of housing starts in June down 9% from May

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in June fell nine per cent compared with May.
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Inflation falls to 2.7% in June, driven by slower growth in gas prices: StatCan

Inflation falls to 2.7% in June, driven by slower growth in gas prices: StatCan

Economists say an unexpected dip in the national inflation rate bodes well for the prospects of the Bank of Canada making a second straight cut to its benchmark interest rate when it meets later this month. Canada's annual inflation rate fell to 2.
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B.C. Realtor fined $130K, banned for role in alleged mortgage fraud network

B.C. Realtor fined $130K, banned for role in alleged mortgage fraud network

Realtor Rashin Rohani bought five North Vancouver homes for herself using falsified income documents, according to a hearing panel of the BCFSA, the province's regulator of real estate
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Highway improvements coming to B.C. northwest, including better Wi-Fi access

Highway improvements coming to B.C. northwest, including better Wi-Fi access

VICTORIA — The B.C. and federal governments are jointly providing $195 million for a series of highway improvements in Tahltan Nation territory in the province's northwest. A statement from B.C.
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Bird Construction acquires Surrey's Jacob Bros to expand Western Canada footprint

Bird Construction acquires Surrey's Jacob Bros to expand Western Canada footprint

Local firms will keep its team and brand following $135M deal
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CREA cuts housing market forecast for 2024 despite June sales rising

CREA cuts housing market forecast for 2024 despite June sales rising

The Canadian Real Estate Association says it is scaling back its housing market forecast for the remainder of the year amid increased levels of supply and a quiet spring spurred by fewer interest rate cuts expected in 2024.
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Vancouver Island portfolio underscores multifamily opportunities

Vancouver Island portfolio underscores multifamily opportunities

Steady demand for housing supports buyer interest
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Metro Vancouver single-family home prices soaring, says report

Metro Vancouver single-family home prices soaring, says report

Home prices expected to increase 5.5 per cent in Q4, according to Royal LePage
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Higher sales in June bring hope to Vancouver's housing market

Higher sales in June bring hope to Vancouver's housing market

Five-per-cent sales uptick in June, RBC reports two months needed to confirm rebound
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