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Creditors owed $13.25M in Spirit Bay development

Creditors owed $13.25M in Spirit Bay development

The largest creditor is Beecher Bay (Sc’ianew) First Nation at $8.556 million, followed by Scala Development Consultants Ltd. at $2.374 million
October building boom pushes Vancouver permits to $1.13B, says StatCan

October building boom pushes Vancouver permits to $1.13B, says StatCan

Vancouver building permit values make 14% jump
B.C. Supreme Court certifies class-action lawsuit against Airbnb

B.C. Supreme Court certifies class-action lawsuit against Airbnb

The lawsuit alleges Airbnb is not licensed anywhere in Canada to provide real estate or travel agent services, nor is it registered as a money services business with the federal government.
Housing unaffordability still rising despite billions in government measures: PBO

Housing unaffordability still rising despite billions in government measures: PBO

OTTAWA — The number of Canadians in need of affordable housing is still rising despite billions in federal spending to tackle housing affordability, the parliamentary budget officer said in a new analysis published Thursday. The report says 2.
Realtor commissions get fresh look amid litigation, B.C. market recovery

Realtor commissions get fresh look amid litigation, B.C. market recovery

Commission structures may appear to be opaque to some buyers and sellers
Contractor's lawsuit alleges more than $1M in unpaid work on Okanagan development

Contractor's lawsuit alleges more than $1M in unpaid work on Okanagan development

Lawsuit seeks compensation for construction, landscaping, equipment costs
Banks lower prime rates following Bank of Canada move

Banks lower prime rates following Bank of Canada move

TORONTO — Canadian financial institutions are lowering their prime lending rates to match the half percentage point decrease announced today by the Bank of Canada.
Removal of tower limits on Broadway up for Vancouver council debate

Removal of tower limits on Broadway up for Vancouver council debate

Proposed amendments trigger petition from planners, architects; 139 citizens registered to speak to council Wednesday
Subcontractor sues Thind Properties’ distressed Highline project for $500K

Subcontractor sues Thind Properties’ distressed Highline project for $500K

Metrotown project already subject of receivership petition by lender
Legal finger-pointing continues over damage caused by the construction of UBC Okanagan

Legal finger-pointing continues over damage caused by the construction of UBC Okanagan

Residents displaced, buildings demolished, damages mount as legal battles intensify
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