The City of Vancouver announced the details of the empty home tax which will take effect January 2017. “Vancouver is in a rental-housing crisis,” Robertson said. “The city won’t sit on the sidelines while over 20,000 empty and under-occupied properties hold back homes from renters.”
The Bank of Canada surprised financial markets bu cuntting the key lending interest rate by 0.25 per cent on Wednesday.Here are five ways the central bank's move will affect Canadian consumers:1. Cheaper mortgages for some, but not all"This is good news if you're a variable-rate mortgage holder," said Penelope Graham, editor at RateSupermarket.ca.Variable-rate mortgages are determined by the prime... read more.
Bank of Canada cut in key interest rate!
Central bank sees 2015 economic growth of 2.1%, down from earlier forecast of 2.4%
The West End is the best end because everything--EVERYTHING--is here. And in the best possible order. Denman Street is lively (and no longer just with dealers and the homeless, and their dogs). Robson Street gives you a retail buzz. But walk down Davie Street on any sunny day and you'll really get why we love this most populous of Vancouver 'hoods. Not as posh or touristy as Robson, not as summer... read more.