Introducing the ESG Centre of Excellence
District of Squamish Economic Development
The Stronger B.C. plan includes the establishment of an ESG Centre of Excellence that will facilitate Environmental, Social and Governance (ESG) investments in British Columbia (B.C.), attract socially and environmentally conscious investors, and diversify markets for B.C.’s world-class goods and services. In this document, we will provide you with an overview of ESG and its importance for small and medium-sized businesses. We will explore how ESG can help your business manage risks, enhance your reputation, attract and retain talent, and access new markets and opportunities. Read more…
Calculating Squamish’s Living Wage: 2023 Update
District of Squamish Economic Development
The Squamish Community Foundation, in collaboration with the Canadian Centre for Policy Alternatives – BC Office and Living Wage for Families BC, has released the 2023 Living Wage Update report. This comprehensive study reveals that in Squamish, a family of four must earn a gross household income of $91,000 annually to meet essential costs like housing and food. The calculated living wage for Squamish in 2023 stands at $25.13 per hour, highlighting a significant gap of $7.73 above BC’s minimum wage. Read more…
Property investors still see Vancouver as low-risk, high-reward market
The Pique News Magazine
Private investors are still salivating over property opportunities in Vancouver
That’s according to a July 16 report from real estate services firm Avison Young, which found the city’s capitalization rates to be among the lowest in Canada during the second quarter of 2024.
Cap rates are used to measure the potential rate of return for investment properties. And Vancouver’s low multi-residential cap rates indicate a lower risk level and a potential for a greater return on investment. Read more…
B.C. investors shift gears after capital gains change
The Pique News Magazine
Many Canadian investors and businesses have shifted their thinking of how to handle their domestic equity interests in businesses and real estate.
The pivot is toward viewing those investments as longer-term holdings and less as being disposable positions that may be sold to get the capital needed to seize higher-value opportunities.
Investors are shifting their approach in response to the federal government’s changes to Canadian capital gains tax rules, which went into effect June 25. Read more…
95-room hotel part of heritage project in downtown New Westminster
The Pique News Magazine
A 30-storey tower that includes a Marriott hotel and more than 200 housing units is proposed on the Columbia Theatre site.
Kirsten Robinson, a senior development planner with the city, said the mixed-used development proposal includes 95 hotel rooms, a hotel lounge, 216 stratified residential dwelling units, and a retail space on the Front Street side of the building. Read more…
Metro Vancouver single-family home prices soaring, says report
The Pique News Magazine
Vancouver homebuyers weren’t cut any breaks over the spring.
The price tag for a single-family detached home in the city surged 4.6 per cent annually to a considerable $2,293,600 in the second quarter of this year…Read more…
Higher sales in June bring hope to Vancouver’s housing market
The Pique News Magazine
Vancouver’s real estate market saw a glimmer of hope in June with a five-per-cent increase in sales compared with May.
This uptick wasn’t quite enough to surpass sales figures from the same time… Read more…
Richmond hosts open houses on new housing regulations
The Pique News Magazine
The City of Richmond will host a total of four open houses this month to let residents learn about new zoning rules that will allow densification in single-family neighbourhoods.
The city stated they hope the sessions will answer key questions around the new rules.
“It is important for residents to be aware of Bill 44 and Bill 47 and their impacts on the growth and character of Richmond and historic neighbourhoods such as Steveston,” reads the release. Read more…
Markets bet on second Bank of Canada interest rate cut coming this week
The Pique News Magazine
Economists and market watchers are betting the Bank of Canada will deliver another interest rate cut this week amid mounting evidence that inflation issustainably easing.
Expectations that the bank will lower its overnight lending rate when it makes its scheduled announcement Wednesday have been high since last week’s release of the latest Statistics Canada inflation report, which showed annual inflation cooled to 2.7 per cent in June. Read more…
The best time to take out a 3-year mortgage was a year ago. Here’s how times have changed
The Pique News Magazine
If you’re shopping for a new mortgage, or coming up for renewal, you likely wish you had a crystal ball. Picking the “right” mortgage rate is tricky at the best of times, but it requires an extra dose of strategy when borrowing costs are trending lower.
Today’s variable mortgage rates remain elevated, and there’s plenty of uncertainty about how much lower they’ll go – and how quickly. Locking into a fixed-rate mortgage, however, could find a homeowner stuck with a high-interest mortgage long after rates start to ease. Read more…
Getting a Mortgage When Self Employed
RE/MAX Blog
Can a self-employed person get a mortgage? While getting a mortgage can be intimidating for any applicant, it can be particularly challenging for self-employed individuals. Unlike traditionally employed applicants who can present stable income records through pay stubs and employer verification, self-employed individuals must navigate a different terrain, often facing more stringent scrutiny and complex criteria.
However, with the right documentation and strategic planning, these hurdles can be overcome. Let’s learn more about how to get a mortgage when you are self employed. Read more…
A Guide to Finding Your Perfect Family Home
RE/MAX Blog
As your family grows and your lifestyle evolves, the need for more space becomes clear. Upgrading to a larger home brings many benefits, from more comfort and convenience to a better quality of life. Let’s find out what you should look out for in a family home, when you’re ready to upgrade your space. Read more…
Cheap and Simple Front Yard Landscaping Ideas
RE/MAX Blog
First impressions matter more than you might think. A well-maintained and attractive exterior can significantly boost a property’s curb appeal, making it more enticing to potential buyers. Curb appeal, meaning the attractiveness of a property as viewed from the street, is that initial wow factor that can either draw buyers in or leave them unimpressed.
For sellers, enhancing curb appeal is a strategic move to increase the home’s value. The good news is that renovating outside the house doesn’t have to break the bank. A few simple and affordable front yard ideas can transform your home exterior into a welcoming and eye-catching space. Read more…
What Happens If I Can’t Pay My Mortgage?
RE/MAX Blog
Relief is coming for homeowners. The Bank of Canada (BoC) recently pulled the trigger on a quarter-point rate cut, lowering the policy rate from 5.00 per cent to 4.75 per cent. This decision lowered the yield of five-year government bonds, allowing some big banks to give their fixed mortgage rates a modest haircut. It might not be much now, but it could be the beginning of lower mortgage rates, should inflation continue heading toward the central bank’s two per cent target. Read more…
Are Condos a Good Investment?
RE/MAX Blog
Many hopeful homebuyers are still resting on the sidelines of the Canadian real estate market, whether because of high mortgage rates or rising home prices. Despite the excess of barriers to entry, first-timers and families continue to understand the importance of home ownership and how it remains one of the best investments your household can make. This begs the question: are condos a good investment? Read more…
Decluttering Your Life Before Moving to a Smaller Home
RE/MAX Blog
Have you ever looked around your home and felt overwhelmed by all the stuff? If you’re planning a move to a smaller space, it’s the perfect opportunity to sort through your belongings. Decluttering before a move can save you time and money. Movers often charge based on the weight or volume of your items, so the fewer things you have, the lower your costs will be.
Plus, you can make some extra cash by selling items you no longer need or donating them, which might even give you a nice tax deduction. It’s a great way to start fresh in your new home with only the things that really matter to you. It can help you feel more organized and in control. Here are a few tips to create a more peaceful living environment, setting a positive tone for your new space. Read more…
Everything You Should Know About Buying Vacant Land in Canada
RE/MAX Blog
When buying a home in the Canadian real estate market, many commonly assume that the bulk of the cost is for the home, but in reality, it is the land on which the house is built that is of the most value.
The housing market is all about the land since it is ostensibly finite, especially in hyper-dense cities. While Canada is one of the largest countries in the world by land mass, and there are still plenty of development opportunities for buying vacant land from coast to coast, it is also one of the most expensive markets on the planet. Read more…
The Future-Proof Home: Investing in a Property that Grows with Your Family
RE/MAX Blog
In today’s ever-changing real estate market, a future-proof home has become a very important concept and consideration for families looking to make a lasting investment. With changing family dynamics, lifestyle preferences, and technological advancements, investing in a property that can adapt and grow with your family is essential for long-term stability and satisfaction. Let’s look into some of the most significant key elements of future-proofing and how they contribute to making sure your family’s future is secure with a home that stands the test of time. Read more…
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