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April 2015 B.C. Economic Fundamentals

Discussion in 'BC News' started by Ally, Apr 1, 2015.

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    British Columbia Carbon
    Plan Eyes Buildings Codes


    British Columbia, pledging to step up the fight against climate change while ruling out carbon caps, is considering tougher building standards, its premier said.

    In contrast to her peers in Ontario and Quebec, British Columbia Premier Christy Clark defends her province’s carbon levy as a better approach because it avoids the complexity of a cap-and-trade system, and the revenue can be converted into tax breaks elsewhere to boost the economy.

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    British Columbia carbon plan eyes buildings while caps ruled out

    British Columbia, pledging to step up the fight against climate change while ruling out carbon caps, is considering tougher building standards, its premier said.

    In contrast to her peers in Ontario and Quebec, British Columbia Premier Christy Clark defends her province’s carbon levy as a better approach because it avoids the complexity of a cap-and-trade system, and the revenue can be converted into tax breaks elsewhere to boost the economy.

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    Vancouver landlords sitting pretty

    Metro Vancouver multi-family landlords are basking in a confluence of factors that make owning old apartment buildings perhaps the best real estate play in Canada, a Vancouver real estate meeting was told April 9.

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    The B.C. housing market is on fire - and not just in Vancouver

    The British Columbia Real Estate Association said Thursday that 9,101 homes were sold through the Multiple Listing Service last month, a 37.6 per cent increase in sales from a year ago. The total dollar volume was $5.8 billion, a 57.1% increase from a year ago while average prices climbed 14.1 per cent during the period to $641,799.

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    In Vancouver, developers' plans hinge on plebiscite results



    We know about low mortgage rates and investor speculation, but there is another major driver behind Metro Vancouver real estate – transit.

    Transit provides the framework for future development. It has the power to create entire communities and shape the region. And this unaffordable city needs it more than ever.

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    Investors scoop old Burnaby apartment blocks in land development rush

    A wave of land speculators led by mainland Chinese buyers is snapping up old Burnaby rental apartment buildings, driving per door prices above $350,000 and razing the units for high-rise condominium construction. The land rush is centred around four transit-linked Burnaby town centres where at least three dozen apartment buildings have been bought for demolition in the past year. Unlike Vancouver and most suburban municipalities, Burnaby has no restrictions on tearing down low-cost rental apartments and building condominiums in their place. Last year, the suburban city issued 419 demolition permits and are averaging 34 per month so far in 2015.

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    Bulk homebuyers slowed by mortgage rules

    Pity the owners of multiple homes in Metro Vancouver: it is getting tougher to find conventional residential financing once they own more than five properties in the world’s second-least affordable market..

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    Fort St. John real estate market cools in the first quarter

    Fort St. John home sales dipped slightly during the first quarter of 2015, according to the B.C. Northern Real Estate Board, however building permits doubled to $38.8 million on-year in the same quarter. From January to April, just over 200 properties totalling $69.4 million changed hands.

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