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New mortgage rules good for housing market: BMO Economics

New mortgage rules good for housing market: BMO Economics

The new mortgage rules announced by federal finance minister Jim Flaherty will increase the odds of a soft landing for the housing market, according to BMO Economics .
BuildDirect receives $16m in funding

BuildDirect receives $16m in funding

Vancouver-headquartered BuildDirect.com announced today a $16 million investment from OMERS Ventures , the venture capital investment arm of one of Canada's largest pension funds.
Fraser Valley industrial sales rebound to near pre-recession levels

Fraser Valley industrial sales rebound to near pre-recession levels

Brokers sold $261 million worth of industrial land in the Fraser Valley in 2011. That is the highest amount since they achieved an all-time record of $284.2 million 2007, according to data from Avison Young released June 20.
Secrecy surrounding Kitsilano towers development generating city concern

Secrecy surrounding Kitsilano towers development generating city concern

Questions swirl over Squamish First Nation plans for site near Burrard Bridge
Artists get new space to hang out

Artists get new space to hang out

Vancouver artists are getting a boost from the City of Vancouver in the form of new studio space. Mayor Gregor Robertson announced Tuesday the city will add 26,300 square feet of new studio and creative space at two city-owned industrial properties.
B.C. apartment vacancy rates down in April

B.C. apartment vacancy rates down in April

According to Canada Mortgage and Housing Corp. ’s (CMHC) spring Rental Market Survey , the average B.C. apartment vacancy rate was 3.4% in April 2012, down from 3.7% the previous year.
Housing correction in Vancouver likely: TD

Housing correction in Vancouver likely: TD

Vancouver and Toronto housing markets are likely to experience a housing correction of at least 15% over the next two or three years, according to a TD Economics report.
Street smarts: Main's hipster business plan paying dividends

Street smarts: Main's hipster business plan paying dividends

A savvy core of entrepreneurs is cashing in on East Vancouver's new hip persona and guarding their territory against restaurant chains
Musqueam condo protests could damage future projects: developer

Musqueam condo protests could damage future projects: developer

The Musqueam First Nation ’s protests over a Marpole condominium project could threaten developer confidence to invest in projects, Century Group president Sean Hodgins told Business in Vancouver June 8.
Developers upbeat about Okanagan home sales

Developers upbeat about Okanagan home sales

Okanagan home sales were up year-over-year in each of the first four months of 2012 and, although May statistics have yet to be released, developers have told Business in Vancouver that they expect the trend to continue.