City Vancouver Financial News

15.03 / 20:15

UPS Canadian housing starts rose 14% in February, CMHC says

Canada Mortgage and Housing Corp. says the annual pace of housing starts in February climbed 14 per cent compared with January.

14.03 / 07:11

COST UPS Manufacturing Bill Experts country Considering a 2nd unit on your property? How to weigh the pros and cons

With mortgage rates causing stress for many Canadians and rents across the country on the rise, many are looking for creative solutions for the housing crisis.

14.03 / 07:11

markets COST UPS Citi country reports NOT Not just Toronto: Are these cities seeing ‘unsustainable’ rent spikes, too?

As more and more Canadians from other parts of the country are moving to Alberta for a lower cost of living, there’s a catch 22 situation — that migration might be driving up rents in cities like Edmonton and Calgary that are drawing those fed up with high costs elsewhere.

11.03 / 16:36

markets UPS Extreme trends country reports Posthaste: Canada's housing market 'recovery' gets a reality check

Don’t count on that housing market recovery just yet.

23.02 / 13:49

markets COST UPS Citi social politician Jack Mintz: Vacant home taxes may be worsening the housing crisis

The latest fashion in tax grabs is the vacant property tax (VPT). In Vancouver it’s called the “empty home tax.” In Toronto it’s the “vacant home tax.” Whatever the name, taxing residential property that isn’t used for a government-prescribed minimum number of days in a year is pernicious.

22.02 / 07:53

Williams DNA Death Justice information reports Courts Families of Robert Pickton’s victims brace for his ‘horrific’ day parole application eligibility

Warning: This story deals with disturbing subject matter that may upset and trigger some readers. Discretion is advised.

18.02 / 07:09

Man Airlines security Courts International Passenger’s attempt to open door diverts Vancouver-Toronto flight to Winnipeg

A flight from Vancouver to Toronto made an unscheduled stop in Winnipeg after a passenger attempted to open a door.

15.02 / 15:50

UPS Toronto housing starts surged in January but fell in Vancouver, Montreal

Canada Mortgage and Housing Corp. says the annual pace of housing starts in January fell 10 per cent compared with December.

14.02 / 16:45

UPS Entertainment Netflix film Synopsys testing ‘Suits’ spinoff ‘Suits: LA’ to be led by Stephen Amell

Stephen Amell is gearing up for a new role in NBC's latest venture, "Suits: LA." Set to lead the spinoff, he'll portray Ted Black, described as «a charismatic force of nature who puts his own needs above others.» The original «Suits,» a creation of UCP, had a successful run on the USA Network from 2011 to 2019, spanning nine seasons. Recently, it regained popularity when it started streaming on Netflix in 2023, dominating their charts for several weeks. With over 45 billion minutes streamed on both Netflix and Peacock combined, its legacy remains strong.

09.02 / 17:16

markets COST UPS country strain Insurance industry needs backstop against major catastrophes: OSFI

TORONTO — It’s important to develop a backstop for the insurance industry against major catastrophes like an earthquake, said the head of Canada’s financial institutions regulator Tuesday.

09.02 / 16:52

COST Provident stage cover consequences Department Major disaster could pose 'systemic' problem for insurance industry, warns OSFI head

Canada’s insurance industry is ahead of the pack when it comes to recognizing the risks from climate change but is still vulnerable to a massive disaster on the scale of the one that struck Japan in 2011, this country’s top financial watchdog said Tuesday.

25.01 / 11:27

Citizens Election country information reports rights How India has become the target of 'Mission Bailout Trudeau'

This could be another setback to India-Canada ties which deteriorated after Canadian Prime Minister Justin Trudeau accused India for the murder of Khalistani terrorist and a Canadian citizen Hardeep Nijjar in Vancouver last year, Many see targeting India as a meddler in elections as a ploy by the Trudeau government to deflect attention from the rampant Chinese interference which has been in favour of Trudeau's Liberal Party. China is known to infiltrate parliaments in many developed countries.

17.01 / 05:29

students Universities Justice country reports Relationships International Canada says drop in study permits to Indian students ‘unlikely' to rebound soon

Canada to set a cap on international students amid housing crisis, fix 'out of control' system In October, Canada was forced to pull 41 diplomats, or two-thirds of its staff, out of India on orders from New Delhi. In addition, the dispute has prompted Indian students to seek to study in other countries, a spokeswoman for the minister said. Those factors led to an 86% drop in study permits issued to Indians in the fourth quarter of last year from the previous quarter, to 14,910 from 108,940, according to official data that have not been previously reported.

16.01 / 22:07

UPS Canadian housing starts jumped 18% in December

Canada Mortgage and Housing Corp. says the annual pace of housing starts in December rose 18 per cent compared with November, helped higher by an increase in multi-unit urban starts in Vancouver and Montreal.

10.01 / 00:21

markets COST UPS CEO track 'We can't wait to close this': HSBC takeover will bring significant cost savings, says RBC chief

Royal Bank of Canada chief executive Dave McKay says he is eager for his bank’s takeover of HSBC’s Canadian operations to close so they can begin an integration that he expects will lead to significant cost savings.

09.01 / 14:14

markets COST FIVE Labrador reports rights Housing market faces 'turning point' with Bank of Canada rate cuts this year

After a year marked by caution and shifting expectations spurred by rising borrowing costs, economists believe the Canadian housing market could be in for a rebound in 2024.

02.01 / 16:15

Provident Assurant Higher CPP deductions are coming to paycheques this year — here's what to expect

TORONTO — Middle-income earners will start seeing a larger portion of their paycheques going toward Canada Pension Plan contributions as of Jan. 1.

01.01 / 01:23

Citi Parke Metro Kingstone Whirlpool country fun 2024 open What’s open and closed in Canada on New Year’s Day 2024

New Year’s Day being a statutory holiday, some stores and services Canadians rely on will be closed.Here’s a guide of what is open and what is closed across the country on Jan. 1, 2024.If you’re looking to restock your fridge after a week of festive cooking, you might have to wait until Tuesday, Jan. 2.Loblaws, Sobeys, Walmart, Longo’s, Metro and Costcos will be closed holiday Monday throughout most of the country.Some grocery store locations will be open on New Year’s Day, however, including Metro at 444 Yonge St.

30.12 / 01:15

Ripple Entertainment film Instagram love show play B.C. documentarians secure original ‘ReBoot’ master tapes, but need help to play them

ReBoot.The pioneering program was the first full-length 3D animated show on TV, predating even Toy Story.Produced in Vancouver by Mainframe Entertainment, it aired on YTV between 1994 and 2001, and decades later still has a committed fan base.Among those super fans are Jacob Weldon and Raquel Lin, a B.C.

29.12 / 13:51

Citi BLOCK Enterprise President Experts show country Experts question impact of foreign homebuyers ban

Nearly a year after it came into effect, experts say it’s hard to know if Ottawa’s plan to keep foreign homebuyers out of the national housing market is helping affordability for Canadians.

18.12 / 18:39

Citi Southern show reports Rent increases slowing in Canada. Here’s where price hikes are cooling most

A report says the average asking price for a rental unit in Canada was $2,174 in November, relatively flat from the previous month but an 8.4 per cent increase year-over-year.

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