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Decline in B.C. home sales leads to revised market forecast

Weaker than expected sales in B.C. during the first quarter has led the Canadian Real Estate Association (CREA) to revise its annual forecast for the Canadian resale housing market.

New accounting standards stymie some public companies

With only seven months to go, some public companies are still uncertain about their readiness for the new International Financial Reporting Standards (IFRS) coming into effect January 1, 2011.

Senior executive shake-up in B.C.

NaiKun Wind Energy Group Inc. (TSX-V:NKW) is losing its president and another senior executive as the impact of BC Hydro’s clean power call results continue to reshape the industry landscape.

Westport reports larger net loss for 2010

Vancouver-based Westport Innovations Inc. (TSX:WPT) reported a wider net loss despite a 7.3% increase in revenue for the year ending March 31, 2010. Revenue for the developer of engines that use alternative fuels like natural gas rose to $130.

B.C. biotech CEO recognized for innovative technology

Ondine Biopharma CEO Carolyn Cross has been nominated for a 2010 Manning Innovation Award for her work in developing a photodisinfection technology, which uses light wavelengths to activate drugs that destroy bacteria, fungi and viruses without contr

Vancouver luxury dealership joins national automotive group

Vancouver’s MCL Motors has been acquired by the Dilawri Group, a family-owned network of 30 car dealerships across Canada.

UBC-based biodegradable plastic manufacturer seeks market financing

After four years of research and development, a Vancouver company has come out of stealth mode to commercialize a natural bioplastic it says biodegrades within weeks of disposal. Solegear Bioplastics Inc.

Chinese market drives demand for Coquitlam CCTV developer

Coquitlam-headquartered Cantronic Systems Inc. (TSX-V:CTS) more than quadrupled its annual revenue due to organic growth and revenue from its acquisitions in China.

Goldcorp sells off $500-million gold-silver mine

Vancouver’s Goldcorp Inc. (TSX:G) announced Wednesday morning it is selling its San Dimas gold-silver mine in Mexico for $500 million to Vancouver’s Mala Noche Resources Corp. (TSX-V:MLA).

Lifestyle trumps costs for recreational home owners

Nearly half of Canadians thinking of buying a recreational property will do so despite concerns about increasing taxes, rising interest rates and new regulations requiring higher down payments on second homes.