Category Archives: Economy
Metro Vancouver detached prices down in January
By OpenHousing Metro Vancouver detached market began the new year with prices sliding in January 2020 as increased market activity witnessed in fall 2019 failed to bolster buyer confidence. The Open House House Price Index for detached properties – calculated
New licencing bylaw drops short-term rental postings down by 47 per cent
By Staff Writer A bylaw implemented to reign in Vancouver’s short term housing market seems to be effective, according to the City of Vancouver. Listings for short term rentals on sites such as Airbnb, Expedia, and Kijiji have dropped from
Vancouver bus stop tops list in “Sorry Bus Stops” contest
By Staff Writer Locals hoping to catch the 701 or 791 busses on the Lougheed Highway near Old Dewdney Trunk Road will have to either stand uncomfortably close to oncoming traffic or behind a concrete barrier blocking access to the
BC Real Estate Association predicts 21% drop in residential property sales
By Marina Wang According to a housing forecast update from the British Columbia Real Estate Association, residential sales are predicted to fall 21 per cent by the end of the year, from 103,768 last year to 82,000 this year. The
Millennials drive the push towards vegetarianism
By Marina Wang A&W restaurants recently launched its Beyond Meat Burger, “made 100% by plant-based protein”, while Aroma Espresso Bar adds a new veggie patty to their menu. Meanwhile, Earl’s unveils a new vegan menu. The surge of vegetarian and
Woman using townhouse as Airbnb hostel taken to court
By Marina Wang The City of North Vancouver is asking the Supreme Court to step in on the case of woman running her townhouse unit like a hostel on Airbnb. Emily Yu rents out 14 to 15 beds to short-term
New analysis reveals why it’s so hard to catch a cab in Vancouver
By Marina Wang Almost anyone that’s been out for a late night in downtown Vancouver has found themselves in a predicament: calling a cab is pricey, not to mention difficult, while the bus journey, if possible, is long and grueling.
International students in British Columbia pour $1.77-billion into provincial GDP, according to new report
By Marina Wang A new report produced by the British Columbia Federation of Students found that international students contributed substantially to the province’s economy: in 2015 international students added $3.117-billion in spending, created 26,000 jobs and contributed $1.77-billion to the
Greyhound exit: Who’s going to fill the void?
By Marina Wang On Monday Greyhound Canada announced it will be axing its transport services in Western Canada, citing declining ridership as the primary reason for a crumbling business model. “This decision is regretful and we sympathize with the fact
UBC study finds a quarter of seafood in Vancouver mislabelled
By Marina Wang The next time you dole out for some pricey red snapper at a restaurant, there’s a strong possibility that you’re actually paying for cheaper tilapia. A new study from UBC has found that an average 25 per
