Western Canada Business and Real Estate News - Western Investor
What Trump's election could mean for interest rates in Canada. about 14 hours ago. B.C. economy gains 8K jobs in October, says StatCan report. about 17 hours ago. Business groups say Canada needs to plan differently for Trump's second term. a day ago. Vancouver real estate markets set to normalize in 2025, says CBRE report.
Tech stocks help lift S&P/TSX composite Wednesday, U.S. stock …
58 minutes ago · THE CANADIAN PRESS/Paige Taylor White. TORONTO — Canada's main stock index climbed higher Wednesday, led by strength in technology stocks, while U.S. markets were mixed, hovering around recent highs reached in the wake of the presidential election. The S&P/TSX composite index closed up 66.01 points at 24,989.02.
Top Stories - Western Investor
Federal government posts $9.8-billion deficit for April-to-August period. OTTAWA — The federal government's deficit was $9.8 billion for the April-to-August period. The Finance Department's latest fiscal monitor says the result compared with a deficit of $4.3 billion during the same period a year earlier. about 23 hours ago Read more >.
Vancouver real estate signals stability as Trump fears ease
6 days ago · Peter Mitham Nov 7, 2024 3:00 PM. Deka Immobilien's purchase of 401 West Georgia-402 Dunsmuir Street signalled renewed interest in major deal-making in Vancouver real estate. B+H Architects. With the uncertainties of a Trump presidency priced into capital markets, the year ahead promises steadier economic times and a normalized environment for ...
Fourth straight interest rate cut may not bring buyers back to the ...
Oct 23, 2024 · TORONTO — While the Bank of Canada's fourth straight cut to its key interest rate could inspire potential homebuyers to get off the sidelines, some commentators say the housing market may not see a huge spark just yet.
Vancouver falls short of 1st-year housing target set by B.C.
4 days ago · City staff says "unprecedented volume of projects in-stream," which will surpass five-year target of 28,900 completed homes. Vancouver fell short of the first-year housing target of 5,202 completed homes set by the provincial government. New data shows 4,143 homes completed between Oct. 1, 2023 and Sept. 30, 2024. Photo Dan Toulgoet.
British Columbia Business News - Western Investor
Federal government faces potential loss if Trans Mountain pipeline sold: PBO. Taxpayers are facing potential billions of dollars in losses on the sale of the Trans Mountain pipeline as the Parliamentary Budget Officer estimates its current value is less than the sum of its assets. The pipeline could be worth between $29.
Real Estate and Business News - Western Investor
Jun 23, 2020 · Hundreds of illegal short-term rentals in Victoria still operating: B.C. Ministry of Housing. Information from short-term rental platforms shows the 1,697 listings in Victoria exceeds the number of business licences issued by the city by about 900 listings, the Housing Ministry says. Jul 31, 2024 11:51 AM Read more >.
Bring home a stable, wealth-building return though private …
This is where private mortgage investments enter in, with an average term of just 12 months, lower interest rate risk, and typically higher yields - six to 16 per cent - compared to longer-term, fixed income investments.
Finance News - Western Investor
Jan 24, 2024 · Don’t look to the BoC to solve Canada’s housing and economic woes, Macklem says. OTTAWA — Bank of Canada governor Tiff Macklem is laying out the limits of monetary policy as he warns the central bank can’t solve problems such as housing affordability with interest rates. Feb 6, 2024 12:47 PM Read more >.