Blogs

Continuing to chase Vancouver investment property, investors are willing to pay a hefty price to get their hands on any.

A consumer advocacy group is urging the federal government to take action and curb rising cellphone and internet bills, saying that some people are choosing to cut into food funds rather than communications.

Gregor Robertson, the mayor of Vancouver, has called on provincial lawmakers to take action in tackling issues of housing affordability, low vacancy rates and renovictions.

Seeking an overhaul of BC rental legislation, Robertson says that over half of the city’s households are renters and low vacancy rates are making rents unaffordable.

A new 80-storey development in Toronto will become Canada’s tallest building with the owner promising it will put the junction of Yonge and Bloor Streets “on the international map.”

Sam Mizrahi, the Toronto businessman who purchased the iconic corner, unveiled his vision of "The One" to local residents on Wednesday. In addition to retail and residential units, the tower will also include a Hyatt hotel.

Housing starts in Canada were down for the fifth consecutive month in February, according to the latest figures by the Canadian Mortgage and Housing Corporation (CMHC). Plunging to their weakest level since 2009, the drop has been partly blamed on severe winter weather conditions that nonetheless have added to fears that Canada’s post-recession housing boom will stall this year.

While Canadians may be wary of the outlook for the economy, it’s done little to dampen their debt.

British Columbia is set to shine this year with economic growth higher than previously forecasted. The Conference Board of Canada has upgraded its prediction for provincial growth to 3 percent from the 2.6 percent it had suggested for BC last fall.