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B.C. developer, director fined $99K for causing ‘consumer harm’

by Anas Siddiqui
B.C. developer, director fined K for causing ‘consumer harm’

A Surrey, B.C.-based property developer and its director have been ordered to pay nearly $100,000 by the province’s real estate regulator for causing “consumer harm.” The B.C. Financial Services Authority …

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Trying to buy a car? Your dealership might be recovering from a cyberattack

by Walter Watson
Trying to buy a car? Your dealership might be recovering from a cyberattack

Car dealerships in North America continue to wrestle with major disruptions that started last week with cyberattacks on a software company used widely in the auto retail sales sector. CDK …

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Are you renting with no plans to buy? Here’s what the federal budget has for you

by Anas Siddiqui
Are you renting with no plans to buy? Here’s what the federal budget has for you

The federal government tabled its annual budget on Tuesday with a promise to open the door to homeownership for millennial and Gen Z renters. You’ll have to read the fine …

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Home sales and prices edging up as housing market ‘could get interesting,’ reports say

by Anas Siddiqui
Home sales and prices edging up as housing market ‘could get interesting,’ reports say

The housing market could soon get “interesting” as home prices and sales start to edge up, according to a pair of new reports released Friday. In its latest quarterly Home Price Update and …

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The Biden administration wants to tackle the ‘gun show loophole.’ Here’s how

by Walter Watson
The Biden administration wants to tackle the ‘gun show loophole.’ Here’s how

A rule requiring gun dealers to obtain federal licences and conduct background checks regardless of where they sell guns has been finalized and will soon go into effect, the U.S. …

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Canada Goose is laying off 17 per cent of its global corporate staff

by Anas Siddiqui
Canada Goose is laying off 17 per cent of its global corporate staff

Luxury parka maker Canada Goose says it is laying off 17 per cent of its global corporate workforce. CEO Dani Reiss wrote in a LinkedIn note Tuesday that the job cuts …

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Bank of Canada worries a rate cut now could overheat the spring housing market

by Anas Siddiqui
Bank of Canada worries a rate cut now could overheat the spring housing market

The Bank of Canada is trying to thread a needle. It’s keeping rates higher for longer at least in part because it’s worried a rate cut now could undermine the …

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National home sales in 2023 lowest since 2008 despite December ‘bounce,’ CREA says

by Anas Siddiqui
National home sales in 2023 lowest since 2008 despite December ‘bounce,’ CREA says

Canada’s housing market is seeing some of the lowest annual sales volumes in more than a decade, according to the latest statistics from the Canadian Real Estate Association, even though …

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A wave of defaults has real estate lawyers urging presale buyers to be cautious

by Anas Siddiqui
A wave of defaults has real estate lawyers urging presale buyers to be cautious

In 2021, Sudip Sehgall put down an $81,990 deposit on a yet-to-be-built townhouse in Surrey, B.C. While it was under construction, he occasionally visited the site to watch it grow. …

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Some mortgage rates are dropping, but renewed loans could keep economy slow

by Anas Siddiqui
Some mortgage rates are dropping, but renewed loans could keep economy slow

As some Canadian lenders expect central banks, such as the Bank of Canada, to lower influential interest rates in 2024, borrowers can expect a late Christmas present with lower rates on …

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