BC Biz

BC house prices rise
Glacier Media - May 15, 2020 - BC Biz

A total of 3,284 homes were sold in April, according to new data from the British Columbia Real Estate Association, and the average price was up nearly 8% from a year earlier. Sales plunged 50.8% compared with April 2019. BCREA chief economist Brendon Ogmundson said the decline in sales was no surprise. “We expected to […]

Dentists want more guidance
The Canadian Press - May 14, 2020 - BC Biz

VANCOUVER — The British Columbia Dental Association says its members’ offices won’t be open for service until it gets further direction on protecting patients and staff from COVID-19. A statement from the association says full dental services will be introduced gradually and when it’s safe to do so, not on the opening date on May […]

Teck boss faces criticism
The Canadian Press - May 12, 2020 - BC Biz

The CEO of Teck Resources Ltd. defended his company’s growth strategy on Tuesday as dissident shareholders criticized what they called “underperforming” investments in coal and oilsands. “Our strategy is very straight forward,” CEO Don Lindsay said in a webcast speech at the online Bank of America Securities Global Metals, Mining and Steel conference. “Teck is […]

More room for restaurants?
The Canadian Press - May 11, 2020 - BC Biz

Victoria’s mayor says she wants to give the city’s restaurants, pubs and retailers more space to reopen successfully with a plan that could expand outdoor patios to sidewalks, parking lots and streets closed to traffic. Lisa Helps says her council is prepared to quickly approve flexible COVID-19 recovery plans to allow open-air dining experiences in […]

Multi-unit starts down in BC
The Canadian Press - May 08, 2020 - BC Biz

OTTAWA — Canada Mortgage and Housing Corp. says construction of multi-unit housing projects remained strong in some provinces last month despite the fight against the COVID-19 pandemic. CMHC estimates a 10.8% month-over-month increase in its national seasonally adjusted annual rate last month compared with March, excluding Quebec. The federal agency says there was growth in […]

Telus delays dividend increase
The Canadian Press - May 07, 2020 - BC Biz

VANCOUVER — Telus Corp. won’t be raising its dividend until at least November because of the uncertain outcomes of the COVID-19 pandemic, chief executive Darren Entwistle told the company’s virtual annual meeting Thursday. His comments came after Telus announced a 19% decline in first-quarter net income, which fell to $353 million, despite higher revenue compared […]

Vancouver home sales plummet
The Canadian Press - May 04, 2020 - BC Biz

Home sales in the Greater Vancouver area hit their lowest levels in nearly 40 years in April due to the COVID-19 pandemic, and experts say buyers can expect price declines to eventually follow. The sales total of 1,109 homes was 62.7% below the 10-year average for April and the lowest total for the month since […]

Teachers approve new deal
The Canadian Press - May 01, 2020 - BC Biz

VANCOUVER — B.C. teachers have voted to approve a new, three-year collective agreement with the provincial government. The deal with the B.C. Public School Employers’ Association includes general wage increases of 2% every year along with a mediated process on how to better support negotiations in the future. The BC Teachers Federation says the agreement […]

Thousands apply for BC benefit
The Canadian Press - May 01, 2020 - BC Biz

VICTORIA — Finance Minister Carole James says thousands of people applied for British Columbia’s $1,000 tax-free emergency benefit in the first minutes of the program going online today. She says more than 16,000 people registered to receive the one-time B.C. Emergency Benefit for Workers in the first 45 minutes. James says the program is part […]

BC defers stumpage fees
The Canadian Press - Apr 30, 2020 - BC Biz

VICTORIA — The B.C. government is putting off a timber harvesting fee charged to forestry firms in an effort to help the industry survive during the COVID-19 pandemic. Premier John Horgan says in a news release the government will defer stumpage fees for the next three months to help forest companies with their financial liquidity […]