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B.C. cities turning to AI to speed up housing approvals

B.C. cities turning to AI to speed up housing approvals

Gold standard is for AI to give site-level feedback with human checks and balances.
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In B.C., a glut of supply could ease affordability

In B.C., a glut of supply could ease affordability

David Hutniak, chief executive officer of the advocacy group Landlord BC, said they've seen a 'softening of rents, particularly at the higher end.'
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Creditors owed $13.25M in Spirit Bay development

Creditors owed $13.25M in Spirit Bay development

The largest creditor is Beecher Bay (Sc’ianew) First Nation at $8.556 million, followed by Scala Development Consultants Ltd. at $2.374 million
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October building boom pushes Vancouver permits to $1.13B, says StatCan

October building boom pushes Vancouver permits to $1.13B, says StatCan

Vancouver building permit values make 14% jump
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B.C. Supreme Court certifies class-action lawsuit against Airbnb

B.C. Supreme Court certifies class-action lawsuit against Airbnb

The lawsuit alleges Airbnb is not licensed anywhere in Canada to provide real estate or travel agent services, nor is it registered as a money services business with the federal government.
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Housing unaffordability still rising despite billions in government measures: PBO

Housing unaffordability still rising despite billions in government measures: PBO

OTTAWA — The number of Canadians in need of affordable housing is still rising despite billions in federal spending to tackle housing affordability, the parliamentary budget officer said in a new analysis published Thursday. The report says 2.
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Bank of Canada expects home sales to pick up with latest rate cut, new mortgage rules

Bank of Canada expects home sales to pick up with latest rate cut, new mortgage rules

The lower rates have helped prospective buyers qualify for a mortgage, while new rules will take effect on Sunday.
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Realtor commissions get fresh look amid litigation, B.C. market recovery

Realtor commissions get fresh look amid litigation, B.C. market recovery

Commission structures may appear to be opaque to some buyers and sellers
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Contractor's lawsuit alleges more than $1M in unpaid work on Okanagan development

Contractor's lawsuit alleges more than $1M in unpaid work on Okanagan development

Lawsuit seeks compensation for construction, landscaping, equipment costs
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Banks lower prime rates following Bank of Canada move

Banks lower prime rates following Bank of Canada move

TORONTO — Canadian financial institutions are lowering their prime lending rates to match the half percentage point decrease announced today by the Bank of Canada.
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