Critics say new mortgage rules will push borrowers to unregulated lenders Canada’s banking regulator will move ahead with controversial new mortgage stress-testing rules in an effort to curb risky lending practices at banks, but critics say the changes will drive more borrowers to unregulated alternative lenders and add risk to the financial system more broadly. […]
BC government announces official support for Vancouver’s Amazon HQ2 bid The provincial government is officially backing Metro Vancouver’s bid to become the home of Amazon’s second headquarters. Earlier today at the Union of BC Municipalities convention held at the Vancouver Convention Centre, Premier John Horgan announced a $50,000 funding commitment to assist the municipalities of […]
B.C. remains a seller’s market: B.C. Real Estate Association The B.C. Real Estate Association is out with its Third Quarter Housing Forecast update, and it’s predicting a 10% decline in the number of sales this year. But it says strong economic fundamentals are supporting consumer demand that is expected to keep home sales at elevated […]