News

Rental housing construction in Canada has picked up significantly and is expected to keep growing this year, according to a new RBC report. However, the report says more supply is needed to fill the backlog of demand.

FortisBC moving from per minute to per kilowatt hour charging formula in B.C.

VICTORIA — Three levels of government say they've finalized a deal that will provide more than $1.6 billion in federal funding over the next five years to communities in British Columbia, to build and maintain "critical infrastructure.

As of Aug. 1, first-time homebuyers purchasing a newly built home for less than $1-million with a down payment smaller than 20 per cent will be able to opt in to an insured 30-year amortization period — up from a 25-year maximum.

Bella Winery known for its focus on single-vineyard varietal sparkling wines

Court orders payment to Re/Max after builder fails to respond to lawsuit

OTTAWA — Canada's merchandise trade deficit widened to $1.9 billion in May as exports fell to their lowest level since July last year. The result compared with a revised trade deficit of $1.3 billion for April, Statistics Canada said Wednesday.

VANCOUVER — Greater Vancouver's real estate board says the number of homes sold in June tumbled 19.1 per cent from the previous year as inventory continued accumulating to levels not seen since the spring of 2019.

TORONTO — Ontario pension fund manager OMERS has signed a deal to sell medical lab company LifeLabs to U.S.-based firm Quest Diagnostics in a deal valued at $1.35 billion including debt.