Category Archives: Real Estate
Chinese Communist Party, satellite families and Vancouver real estate: Court case reveals nexus
A recent divorce case offers a glimpse into the nexus between the Chinese Communist Party, satellite families and Vancouver real estate. In the case recently argued at the Supreme Court of British Columbia in Vancouver, Bin Bin Tang had applied
New tools, ideas needed to speed up housing strategy funding, CMHC president says
OTTAWA — The national housing strategy will need new tools to move more quickly from ideas to finished projects during the COVID-19 pandemic, says the head of the federal housing agency. The Canada Housing and Mortgage Corp. is a key overseer
Vancouver mayor to introduce housing program aimed at middle-income earners
Vancouver's mayor is set to introduce a new housing program that he says would allow middle-income earners to own homes in neighbourhoods where they've been priced out. In a media release, Kennedy Stewart says almost 60 per cent of residential neighbou...
B.C. amends law in effort to address sky-high condo and townhouse insurance
VICTORIA — The B.C. government has announced regulatory changes aimed at bringing more transparency to condo insurance premiums that have risen by as much as 40 per cent. The Finance Ministry says effective Nov. 1, insurers or insurance ...
Mayors push Liberals on plan to buy distressed properties for affordable housing
OTTAWA — Federal officials are ironing out the details of a program to help cities buy properties left vacant due to the pandemic so they can quickly create affordable housing. The government has considered the property acquisition program fo...
Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: Cabinet retreat Prime Minister Justin Trudeau and his cabinet will hold a two-day retreat starting on Monday. The federal government spent billions to help Canadians ...
Toronto considering ambitious homeless housing plan in wake of COVID-19 pandemic
Toronto is considering an ambitious new plan to combat homelessness as the COVID-19 pandemic continues to exacerbate the issue. In a draft report developed by the Shelter, Support and Housing Administration in conjunction with United Way, city official...
Metro Vancouver detached prices surge despite COVID-19 in August
The Metro Vancouver detached housing market is showing signs of a rebound in August despite the economic turbuluence brought on by the COVID-19 pandemic. The OpenHousing House Price Index for detached properties – calculated using the generally-accepted and transparent repeat
Business rent aid to fall short of budget, PBO says as credit program expands
OTTAWA — The federal Liberals threw a credit lifeline to small businesses on the eve of rent coming due, extending a loan program as new figures showed a rent-relief effort is going to fall well short of expectations. A report Monday from&nbs...
Ontario to freeze rent for some families, promising new bill this fall
TORONTO — Ontario says it will introduce legislation this fall to freeze rent for some families next year. Municipal Affairs Minister Steve Clark's office says in a statement that the proposed rent increase for 2021 was to have been 1.5 per c...