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Federal Reserve signals end to inflation fight with a sizable half-point rate cut

Federal Reserve signals end to inflation fight with a sizable half-point rate cut

WASHINGTON (AP) — The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for A
New finance model needed to build B.C. health care projects, local politicians say

New finance model needed to build B.C. health care projects, local politicians say

UBCM delegates ask Victoria to acknowledge relying on civic property taxes to build hospitals is unsustainable
BC Hydro overwhelmed by clean power bids as energy demand looms

BC Hydro overwhelmed by clean power bids as energy demand looms

Independent power producers are back in B.C. with wind and solar proposals
BoC sees growing risk that high rates may push inflation below 2%, summary suggests

BoC sees growing risk that high rates may push inflation below 2%, summary suggests

OTTAWA — Some members of the Bank of Canada's governing council are growing concerned that high interest rates may bring down inflation by more than necessary.
By the numbers: How the new mortgage rules could change the math for homebuyers

By the numbers: How the new mortgage rules could change the math for homebuyers

While the changes will make it easier for first-time buyers to purchase a home, they could wind up paying tens of thousands of dollars more in interest
Photos: Canada’s most-expensive home for sale is in West Vancouver

Photos: Canada’s most-expensive home for sale is in West Vancouver

For $58.8 million, you can own this massive waterfront property designed by Russell Hollingsworth
Terri McConnachie steps down as executive director of the CHBA

Terri McConnachie steps down as executive director of the CHBA

Board president praises her dedication to the association and its members
Mortgage rule changes will help spark demand, but supply challenges persist: experts

Mortgage rule changes will help spark demand, but supply challenges persist: experts

The federal government touted the measures it announced Monday as the "boldest mortgage reforms in decades," which came after a year of criticism over high housing costs.
Rent in B.C. communities declined after short-term vacation home rules were implemented, report finds

Rent in B.C. communities declined after short-term vacation home rules were implemented, report finds

Renters will end up paying $600-million a year less once the province’s regulations fully kick in, author estimates
Ministry gives extensions to 21 B.C. communities to comply with new housing laws

Ministry gives extensions to 21 B.C. communities to comply with new housing laws

Some municipalities struggling to meet provincial deadlines for greater density