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August 2015 BC Economic Fundamentals

Discussion in 'BC News' started by Ally, Aug 5, 2015.

  1. Ally
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    Old apartments a hot new rental investment

    It has only 10 rental units. But when the building sold this spring, each of the old suites was worth $360,000, or more than $335 for each creaky square foot.

    Like many aging Vancouver apartment buildings, it had doubled in value in the past 10 years and represents the most seductive real estate investment in Canada.

    Read the full article here.
     
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    A copy of the #BCHousing Tenant Handbook is available online

    See the handbook here.
     
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    Secondary suites most common in BC

    A study conducted by a Vancouver-based insurance company shows that homeowners in British Columbia have the highest percentage of secondary suites west of Ontario, with Vancouver owners leading the pack.

    "B.C. is the highest across all of the provinces at 25 per cent," said Daniel Mirkovic, president of Square One Insurance.

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    Province wants more permanent workers settling in the north

    The BC Federation of Labour appears to be a supporter of the Provincial Nominee Program. Originally launched in April of 2012, the two year pilot project was then extended to the end of March, of next year.

    It is back in the news locally, because Fort St. John has been approached by the province to consider developing a pilot which would focus on the attraction, settlement, retention and integration of immigrant families to the city.

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    Dawson Creek seeks solution for endless housing crunch

    People in the small town of Dawson City, Yukon, often struggle to find a place to live, as recent figures from the Yukon Bureau of Statistics put the rental vacancy rate in the community at zero.

    Yasmine Renaud is a living example of that statistic. She says moving is almost a way of life, even after four years in Dawson City.

    Read the full article here.
     

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