The New Year has begun with plenty of apprehension. Financial markets around the world have turned negative with Asia leading the charge on worries of an economic slowdown. The Canadian economy is not bearing much better and the outlook here is worrisome. Although many lenders have broadly increased mortgage rates the Bank of Canada is expected to drop the bank rate next Wednesday. The Bank’s governor has eve
THE CANADIAN PRESS JANUARY 12, 2016 Premier Christy Clark says British Columbia’s high housing costs are on the government’s radar as it prepares to table its budget next month. Photograph by: Gord Goble , Delta Optimist Premier Christy Clark says British Columbia’s high housing costs are on the government’s radar as it prepares to table its budget next month. Clark says housing relief options are one of
One of Vancouver’s most ambitious commercial-residential developments is being scaled back Ivanhoe Cambridge, partner Westbank Projects are reducing size of $1.5 billion Oakridge development by as much as 25 per cent .
By Jeff Lee, Vancouver Sun January 12, 2016 The city puts the value of the public amenities in the Oakridge redevelopment at almost $230 million. In all, the redevelopment will cost $1.5 billion and won’t be completed until 2024. Photograph by: Ivanhoe Cambridge , Vancouver Sun VANCOUVER — Just a little less than two years ago a split Vancouver city council agreed to an ambitious plan to massively densif
ALEXANDRA POSADZKI, THE CANADIAN PRESS 01.11.2016 TORONTO – CIBC has become the latest among the big Canadian banks to increase some of its mortgage rates. The bank (TSX:CM) said Tuesday that it had raised its special offer, three-year fixed rate by 10 basis points to 2.59 per cent. Meanwhile, its special offer, four-year fixed rate has also gone up by 10 basis points, to 2.84 per cent. The changes to CIBC