Construction employment in the Lower Mainland-Southwest region decreased in August, according to Vancouver Regional Construction Association’s (VRCA) analysis of today’s Labour Force Survey from Statistics Canada.
So much for the housing market being crushed by rising interest rates.
The Bank of Canada cranked up its trendsetting overnight rate for the third time in four months on Wednesday and the impact will be felt by a wide range of borrowers. But home buyers? Not so much.
Bank of Canada governor Mark Carney raised the overnight lending rate a quarter percentage point on Wednesday morning, in line with most analysts’ expectation.
Carney raised the trend-setting rate from 0.75 per cent to an even 1 per cent.
For years, U.S. historians have been at odds over the identity of America’s first female cop.
The Bank of Montreal cut its special five-year fixed rate mortgage by 20 basis points Wednesday, bringing it down to 3.59% from 3.79%.
BMO said in a statement that the move was an effort to provide potential home buyers an incentive as the fall season rolls around.
A new doomsday report warns Vancouver’s housing market could be hit by a burst bubble — and a drop in prices by as much as 30 per cent.
The threat of a giant, synchronized real estate bubble looms over all six of Canada’s major cities, says the report released by the Canadian Centre for Policy Alternatives.
Thousands of Vancouver Zombie Walk pariticipants gather at the Vancouver Art Gallery to stumble down Robson Street.
British Columbia is bracing for a Chinese invasion to boost tourism as the first group of travellers arrived in Vancouver after China granted Canada Approved Destination Status.
Three hundred and fifty people from Mainland China were greeted by Premier Gordon Campbell and federal Minister Stockwell Day at Vancouver International Airport Wednesday.
The granted status means that Chinese tourists are now permitted to travel in large groups to the country for leisure travel, and tourism companies in China can actively promote Canadian tours.
No-fee chequing accounts are the great idea that just won’t click in Canada.
Truth is, they haven’t worked out great for banks or consumers in the U.S. market, either. And yet, online bank ING Direct will introduce a new chequing account Wednesday that charges no monthly fee, period.
For the first time in more than a decade, motorists in B.C. could see their car insurance go down slightly, following an announcement Tuesday by ICBC.
Citing a significant drop in the number of claims, the insurance corporation said it has asked the the B.C. Utilities Commission for permission to reduce basic insurance rates by 1.9 per cent.