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British Columbia

Metro Vancouver's tiny industrial lands drive $43B economy, finds report

Metro Vancouver's tiny industrial lands drive $43B economy, finds report

Industrial lands represent only 4% of Metro Vancouver land, but create 22% of jobs and produce $8 billion in taxes every year.
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Bank of Canada watching economy closely after half-point rate cut

Bank of Canada watching economy closely after half-point rate cut

OTTAWA — The Bank of Canada's governing council expects its second straight outsized interest rate cut helped it turn a corner in its fight to tame inflation, but it is watching the economy closely amid weaker than expected growth.
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How AI tools are offering clarity in B.C.'s condo market

How AI tools are offering clarity in B.C.'s condo market

Locally developed tech delivers key information about condo buildings in minutes
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New competition rules could expose B.C. landlords, tenants to risk

New competition rules could expose B.C. landlords, tenants to risk

Standard property controls could run afoul of new rules to boost grocery competition.
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Home affordability improves, but still challenging for many Canadians: RBC report

Home affordability improves, but still challenging for many Canadians: RBC report

TORONTO — Home affordability in Canada is improving, according to a new RBC Economics report, but strains remain. The report, released Friday, said home ownership costs in Canada have eased for three consecutive quarters.
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Rob Shaw: B.C. housing minister's threats put municipal autonomy to the test

Rob Shaw: B.C. housing minister's threats put municipal autonomy to the test

Municipalities pushing back against province’s housing policy
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Federal government posts $14.5-billion deficit for April-to-October period

Federal government posts $14.5-billion deficit for April-to-October period

OTTAWA — The Finance Department says the federal deficit was $14.5 billion between April and October. That compares to a $15.1 billion deficit over the same period last year. According to the monthly fiscal monitor, revenues were up $26.
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Insolvency wave hit B.C. firms hard in 2024 amid economic squeeze

Insolvency wave hit B.C. firms hard in 2024 amid economic squeeze

Inflation, elevated interest rates, market disruptions drove business failures in key sectors
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Burnaby mall redevelopment plans for 1,440+ new homes, two highrise towers

Burnaby mall redevelopment plans for 1,440+ new homes, two highrise towers

Two new roads and a 'pedestrian spine' are in the planning process at the City of Lougheed.
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Court protection extended for Richmond development, again

Court protection extended for Richmond development, again

The City of Richmond said the building permit is ready to be issued once fees are paid.
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