Category Archives: Real Estate
Former judge’s report into B.C. money laundering to be released Wednesday
VICTORIA — The final report and recommendations of British Columbia's public inquiry into money laundering are scheduled to be released Wednesday. The B.C. government says in a statement the Cullen Commission's entire report is being released publicl...
B.C. financial regulator advises three-day ‘cooling-off’ period for homebuyers
VANCOUVER — The regulator for British Columbia's real estate sector has recommended that the province adopt a so-called "cooling-off" period of three business days to protect people buying a home, through legislation tabled this spring. A report from t...
Co-op housing could help solve Canada’s affordability crisis, advocates say
Ayanna Inniss believes the co-op movement could be part of the solution to this country's housing affordability crisis. The Edmonton-area woman still remembers the "soul destroying" experience of looking for affordable housing 20 years ago, before she ...
Ontario NDP promise to build new hospital, expand another in Brampton
BRAMPTON, Ont. — Ontario's New Democrats are promising to expand an urgent care centre in Brampton and build a new hospital in the city if elected to form government in June. Party Leader Andrea Horwath says the growing Toronto-area community
Vancouver council will hike empty homes tax to 5 per cent of assessed value in 2023
Vancouver is raising the empty homes tax that is designed to ease vacancy rates in the city, from three per cent to five per cent of the property's value. The motion by Mayor Kennedy Stewart to hike the tax in 2023
Census shows apartment growth, but supply remains the main issue in B.C.: experts
VANCOUVER — Demand for housing in British Columbia still far outstrips supply, experts say, even as the latest census figures show growth in the number of homes was higher than the increase in population countrywide. Statistics Canada reported Wednesd...
Hudson’s Bay Co. calls donation of Winnipeg building an act of reconciliation
WINNIPEG — North America's oldest company with fur-trading roots is transferring what was one of its flagship stores to a First Nations group in what is being praised as an example of reconciliation in action. Animal pelts, blankets and other items
Former The Bay store in downtown Winnipeg to be given to Indigenous group
WINNIPEG — One of the landmark stores formerly run by the Hudson's Bay Co. is about to undergo a major transformation in the name of reconciliation with Indigenous people. The company's six-storey, 655,000-square-foot building in downtown Winnipeg is b...
New non-resident property taxes in Nova Scotia forcing tough decisions on homeowners
HALIFAX — Michelle Keall says she is considering selling her home in Nova Scotia because of the provincial government's new tax on non-resident property owners imposed to ease the housing shortage. “I feel like I’m being penalized,” Keall said in an
Local governments need to upgrade to improve housing process: finance minister
VANCOUVER — Canada's finance minister says it’s not the federal government’s job to build all the houses Canadians need, but it will try to remove roadblocks with a $4-billion fund earmarked to help boost housing construction announced in the budget. ...