BC Biz

B.C. firm sues SnapChat
The Canadian Press - Feb 06, 2017 - BC Biz

A B.C. company is taking its patent-infringement claims against the owner of SnapChat to the U.S. federal court system. Investel Capital announced the U.S. legal battle this morning, a day after Snap Inc. officially filed for a U.S. initial public offering that could raise an estimated US$3 billion or more from investors. The Vancouver-based company says […]

$40M for green switch
The Canadian Press - Feb 03, 2017 - BC Biz

B.C. government is pumping another $40 million into the Clean Energy Vehicle Program. Energy and Mines Minister Bill Bennett says the funds will be distributed over the next three years and will offer continued purchase incentives of up to $5,000 for battery electric vehicles and $6,000 for hydrogen fuel cell electric vehicles. When the incentives […]

NDP promises rebates
The Canadian Press - Feb 03, 2017 - BC Biz

British Columbia’s New Democrats are promising rebate cheques to offset increases in the cost of the province’s carbon tax, if the party wins May’s election. NDP Leader John Horgan did not say how much the cheques would be worth, but promised 80 per cent of residents would be eligible for the rebates. He says the […]

Home sales plummet
The Canadian Press - Feb 02, 2017 - BC Biz

Home sales in Metro Vancouver last month dropped by almost 40 per cent from the year before with the sale of detached houses falling hardest. The Real Estate Board of Greater Vancouver says the townhome and condominium markets are more active than sales for detached homes. Just over 1,500 residential properties sold in January, down […]

Vancouver developer a fraudster
Trevor Nichols - Feb 02, 2017 - BC Biz

A British Columbia Securities Commission panel has found that Brendan James Schouw (who commonly goes by James) and Hornby Residences Ltd. perpetrated fraud on an investor. According to the panel, in 2009 Shaw took $1 million from an investor for a Hornby real estate project, promising 18 per cent interest to accrue annually. After depositing […]

Hope for softwood lumber
Trevor Nichols - Feb 01, 2017 - BC Biz

Premier Christy Clark says there may be a “ray of hope” for B.C.’s softwood lumber industry, as negotiations for a new trade agreement with the United States threaten to turn into a legal battle. The provincial and federal governments have been negotiating with the U.S. to try and finalize a new softwood lumber trade agreement […]

Events centre for Nanaimo
Jon Manchester - Jan 31, 2017 - BC Biz

The City of Nanaimo has selected a waterfront property for a new arena and events centre. A borrowing bylaw for construction on the city-owned industrial property on Port Drive will be given first three readings tonight. Council will also consider a referendum question on the project, on which the public will get their say March 11. […]

We’ve got visitors
Alanna Kelly - Jan 31, 2017 - BC Biz

International visitors are flocking to British Columbia. More than 5.1 million international visitors arrived in B.C. for 2016, a 12.2 per cent increase over the same time period in 2015. “Tourism is a key economic driver in B.C. and the latest numbers show that more than five million international visitors selected British Columbia as their […]

Luxury marina for Victoria
Jon Manchester - Jan 31, 2017 - BC Biz

A $24-million luxury marina is set to open in Victoria this summer. Victoria International Marina is under construction in the capital’s outer harbour. Community Marine Concepts unveiled new drawings this week showing what the marina look. The 28-slip marina will cater to large vessels of 65 feet in length and up, will have a floating […]

Foreign home tax reversal
The Canadian Press - Jan 31, 2017 - BC Biz

A man who lost thousands of dollars when British Columbia introduced a tax on foreigners buying homes says tweaks to the policy are a good step forward but the harm has already been done to his family. Nic Benner and his family had just moved to the Vancouver area from Colorado for his job in […]