CALGARY — The National Energy Board is scheduling hearings over the next three months to consider a jurisdictional challenge of the approval of a pipeline needed to supply natural gas to the recently sanctioned $40-billion LNG Canada project. But planning for construction to begin early next year will continue based on the $6.2-billion Coastal GasLink […]
Continue ReadingA revised urban growth scenario aims to significantly limit new home construction in Kelowna’s suburbs. City council on Monday embraced a plan that will dramatically change the official community plan. Some areas long designated for future residential development will instead be closed to new construction. Dec. 12, 2018 – The City of Kelowna will move […]
Continue ReadingDevelopers of future downtown Vancouver office strata buildings shouldn’t expect to capture the same sky-high prices as the most recent high-profile project, one brokerage house says. While still bullish on the overall downtown office market, JLL says the next wave of office strata projects will likely not approach $2,000 a square foot — the price […]
Continue ReadingVANCOUVER — A tempting bright-red advertisement for a new condo development in a Vancouver suburb circulated online this fall, sparking excitement from first-time homebuyers and concern among long-standing real estate observers. The developers of The Landing, a 78-unit complex in Langley, were offering to pay the mortgages for a year of the first 20 buyers […]
Continue ReadingCanada’s Dec. 1 arrest of Meng Wanzhou, the chief financial officer of Chinese telecom giant Huawei, on a U.S. warrant has roiled U.S.-China trade negotiations and Chinese-Canadian relations. The dicey situation got even more complicated on Tuesday, when Canada confirmed that Chinese security agents arrested former Canadian diplomat Michael Kovrig for unspecified reasons and President […]
Continue ReadingOn Tuesday, the Senate voted 87 to 13 to approve a farm bill that will cost $867 billion over 10 years, legalize the production of hemp, expands farm subsidies to the extended family of farmers, permanently funds farmers markets and farmer-training programs, and doesn’t add work requirements to receive food stamps, as House Republicans had […]
Continue ReadingThe B.C. Securities Commission will increase revenues by an estimated $7.6 million to boost enforcement and support and regulate new financial technologies such as crypto currency. The revenue increase, estimated at 16 per cent of the BCSC’s annual budget, will come from fee increases levied on financial advisors and regulatory filings for activities used to […]
Continue ReadingCanadians plan to spend nearly three-quarters of their holiday shopping budget in physical stores this year, according to a 2018 survey by the Retail Council of Canada. But with the recently ended Canada Post strike on many Canadians’ minds, the overall in-store spend rate could be much higher this season as many shoppers are likely […]
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