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BCers to Province: Stop the Senseless Water Giveaway
BCers to Province: Stop the Senseless Water Giveaway Surrey residents pay $1,630 per million litres; why not Nestle or frackers? “The province is not seeking to make a profit from water.” — BC Environment Minister Mary Polak No kidding — not at $2.25 per million litres of cold, clean B.C. water! But seriously minister, do you think […]
Metro Vancouver air quality comparable to Beijing
Metro Vancouver air quality comparable to Beijing Health authorities advise caution due to smoke from hundreds of wildfires across B.C. Smoke from wildfires in the Interior of British Columbia blankets the Lions Gate Bridge in Vancouver. Health officials in the province have issued air quality warnings as a result of the fires. (Jonathan Hayward/Canadian Press) […]
Why B.C. may be in for a long, hot summer
Why B.C. may be in for a long, hot summer A dry spring, a warmer than usual Pacific Ocean, and an El Niño means the hot weather could be here to stay Whenever temperatures approach 30 C in Metro Vancouver, it’s a talker. While the thermostat does get close once or twice each summer, this particular heat […]
Canadian Mortgage Insurer Tells US Hedge Funds Why Canada’s Housing Bubble Is Immortal. Hilarity Ensues
Canadian Mortgage Insurer Tells US Hedge Funds Why Canada’s Housing Bubble Is Immortal. Hilarity Ensues Home prices in Canada’s two largest metro areas have been red-hot for years. In May, the average selling price for all types of homes in the Greater Toronto Area jumped 11% from a year ago to C$649,600 on a 6% […]
House prices may stay high in Canada: Here’s why
House prices may stay high in Canada: Here’s why Seemingly insatiable overseas demand is one of main reasons the gloom-mongers have been wrong A friend of mine sold her Toronto house because prices were so high. She didn’t want to get caught in the downdraft. If you’ve been listening to all the warnings from foreign […]
Short-Sighted Politicians Are Fuelling Canada’s Housing Crisis
Short-Sighted Politicians Are Fuelling Canada’s Housing Crisis The latest example of Canadian politicians’ (in)action in regard to real estate prices getting out of control is the recent decision by the B.C. Premier Christy Clark, to reject the idea of raising taxes for overseas investors — despite a petition from her constituents that attracted some 25,000 signatures. “By […]
Trans Mountain pipeline expansion ‘disastrous,’ says Mayor Gregor Robertson
Trans Mountain pipeline expansion ‘disastrous,’ says Mayor Gregor Robertson ‘My mind is clearly made up. I think this is a bad deal for Vancouver,’ he said after reading new report Mayor Gregor Robertson says new evidence proves the expansion of Kinder Morgan’s Trans Mountain pipeline presents a grave threat to the City of Vancouver’s health, […]
Four Things We May Never Know About the Vancouver Fuel Spill
Four Things We May Never Know About the Vancouver Fuel Spill Total volume, how the Kits coast guard would respond, and two more big Late Saturday afternoon, Transport Canada officially clearedthe MV Marathassa to leave Canadian waters, weeks after the ship spilled an undetermined amount of fuel into Burrard Inlet. As it exits the Salish Sea, the bulk […]
Canada Housing, Office Market Mauled by Oil, Layoffs – but Vancouver Bubble Still Soars
Canada Housing, Office Market Mauled by Oil, Layoffs – but Vancouver Bubble Still Soars Back in December, the Bank of Canada said home prices were overvalued by as much as 30% and posed an “elevated” risk to the Canadian financial system. In January, Deutsche Bank found that Canada’s housing market was, more realistically, 63% overvalued. In greater […]
‘Corrections In Progress’ In Most Canadian Housing Markets: Teranet
‘Corrections In Progress’ In Most Canadian Housing Markets: Teranet House prices fell in February in eight of 11 major housing markets measured by the Teranet/National Bank House Price Index. “In some markets there have clearly been corrections in progress,” National Bank senior economist Marc Pinsonneault said in a statement. “The monthly retreat in Calgary was the […]
Kinder Morgan Pipeline Protest Sees More People Arrested After Crossing Police Line
Kinder Morgan Pipeline Protest Sees More People Arrested After Crossing Police Line. VANCOUVER – About a dozen more people have been arrested at a pipeline protest in a conservation area in Vancouver. The protesters were taken away Saturday after crossing a police line on Burnaby Mountain, where crews have been conducting survey work for the […]
Kinder Morgan Begins Survey Work On Burnaby Mountain As Protests Continue
Kinder Morgan Begins Survey Work On Burnaby Mountain As Protests Continue. BURNABY, B.C. – First Nations vowed to stand in unity with protesters as police kept up arrests Friday in a Metro Vancouver conservation area where crews resumed survey work for the proposed Trans Mountain pipeline expansion. Shortly after activists announced they would do whatever […]
