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Federal stress test caused up to $15B drop in new mortgages: economist

Federal stress test caused up to $15B drop in new mortgages: economist

Time to rethink the too-strict stress test, urges CIBC’s chief economist
Residential price drop failing to ease Metro Vancouver’s housing crisis

Residential price drop failing to ease Metro Vancouver’s housing crisis

“Prices will double between 2016 and 2041,” economist says. “And it wouldn’t surprise me if that’s on the low side.”
B.C. home sales see chilly March, sliding 23%

B.C. home sales see chilly March, sliding 23%

Market activity still dampened, largely due to federal mortgage policy, says B.C. Real Estate Association
Townhouse plan across from Delta Secondary sent to public hearing

Townhouse plan across from Delta Secondary sent to public hearing

Delta council gave preliminary approval recently to an 18-unit townhouse development across the street from Delta Secondary. The proposal in the 4600-block of Ladner’s 51st St. would replace four single-family homes that have already been demolished.
Luxury high-rise condos are ‘guzzling electricity,’ says BC Hydro

Luxury high-rise condos are ‘guzzling electricity,’ says BC Hydro

High-end condos haven’t just put affordability out of reach for most people – they’re also pigs when it comes to electricity. That’s according to a BC Hydro report release today (Friday).
B.C.'s average construction start value down 70% from peak

B.C.'s average construction start value down 70% from peak

Vancouver Island has highest average construction start value, Metro Vancouver has highest total
‘WTF’ factor driving Metro Vancouver’s industrial innovation

‘WTF’ factor driving Metro Vancouver’s industrial innovation

Developers hope to stack and pack sites to keep lease, strata costs under control
‘Interim period of chaos’ stalling development in Metro Vancouver

‘Interim period of chaos’ stalling development in Metro Vancouver

One of the biggest barriers to development in Greater Vancouver may be newly elected municipal governments in the region.
Wood investment turns into gold for developer

Wood investment turns into gold for developer

With mass timber set for the mainstream, the one challenge could be producing enough for both encapsulated and exposed uses
More than half of Canadians would wait a year to buy a home: poll

More than half of Canadians would wait a year to buy a home: poll

As buyers continue to sit on the sidelines, poll uncovers reasons for waiting, plus other homebuyer trends