The following piece by ICBA Chief Economist Jock Finlayson, in his role as a Senior Fellow of the Fraser Institute, was first published in the Toronto Sun on August 7, 2024. BRITISH COLUMBIA - July...
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MOTOR VEHICLE & PARTS DEALERS SHOW GREATEST DECREASE IN JUNE RETAIL SALES
OTTAWA - Canadian retail sales decreased 0.3% to $65.7 billion in June. Sales were down in four of nine subsectors and were led by decreases at motor vehicle and parts dealers. In volume terms,...
PARTNERSHIP DEVELOPS IMPROVED WILDFIRE MANAGEMENT
KAMLOOPS - Thompson Rivers University (TRU), along with two other Interior post-secondary institutions, has partnered with the City of Kamloops and BC Wildfire Service (BCWS) to develop an enhanced...
PHANTOM CREEK ESTATES OPENS NEW LOCATION IN RICHMOND
RICHMOND/OLIVER - Phantom Creek Estates is opening a new location after five years in business. The successful South Okanagan operation, currently situated on the famed Black Sage Bench, has opened...
TECHNOLOGY SUPPORT FOR BC FARMERS
BRITISH COLUMBIA - The B.C. On-Farm Technology Adoption Program is now open for applications. With up to $2 million available for farmers from the Federal and Provincial Government, funding is...
FUNDING FOR HIGHWAY 1 EXPANSION WILL REDUCE COMMUTER CONGESTION
FRASER VALLEY - Commuters will experience less congestion on their travels between Langley and Abbotsford on Highway 1 due to provincial funding. New funding of $2.65 billion has been approved for...
BCREA: LIKELIHOOD OF RATE CUT FROM BANK OF CANADA IN SEPTEMBER
BRITISH COLUMBIA - According to a press release from the BC Real Estate Association, Canadian prices, as measured by the Consumer Price Index (CPI), rose 2.5 per cent on a year-over-year basis in...
HEALTH-CARE COSTS FOR TYPICAL CANADIAN FAMILY WILL REACH ALMOST $18,000 THIS YEAR
BRITISH COLUMBIA - A typical Canadian family of four will pay an estimated $17,713 for public health-care insurance this year, finds a new study released today by the Fraser Institute, an...
PITT MEADOWS SECURES FUNDING FOR NEW SECONDARY SCHOOL
PITT MEADOWS - A new secondary school in Pitt Meadows has now secured funding with a $143 million investment from the province. The new school will be funded by an additional $142,000 contributed by...
GREEN SHEET FRASER VALLEY BUILDING BRIEFS: AUGUST 20, 2024
Location: Township of Langley (multi-family new) Address: 20800 Block 40 Ave - Townhouses - Sandhill Description: New townhouse development - 5 structures - approx 16 units - finishes include hardie...
FRASER VALLEY MOVERS & SHAKERS AUGUST 20, 2024
Fraser Valley Business News DELTA The City of Delta has recently initiated a campaign called Save Our Transit. This campaign aims to increase public awareness regarding the potential cuts to...
CAPITAL GAINS: MEI CORRECTS THE RECORD ON OMISSIONS FROM A RECENT STUDY
OTTAWA – Contrary to the claims espoused in a recent joint publication from IRIS and the Centre for Future Work, middle-class Canadians are the main group impacted by the increase in the capital...
BC AUTO MARKET UPDATE: USED CAR PRICES DROP, NEW CAR PRICES STABILIZE
BRITISH COLUMBIA - The automotive market in British Columbia has been experiencing significant shifts in recent months, with used car prices continuing to decline and new car prices showing signs of...
LONG-TERM CARE BEDS COMING TO CHILLIWACK
CHILLIWACK - Fraser Health is preparing to build a new 200-bed care home near Chilliwack General Hospital. Fraser Health will construct a five-storey long-term care home at the 9000 block of Mary...
WILL YOU EVER REACH YOUR PERSONAL GOALS?
BRITISH COLUMBIA - When the economy starts heading south and becomes more uncertain, most companies fell into one of two categories characterized by their reactions to and strategies for dealing...
CREA: FLEDGLING CANADIAN HOUSING MARKET MOMENTUM HITS PAUSE IN JULY
OTTAWA - While there were early signs of renewed momentum in June following the Bank of Canada’s first interest rate cut since 2020, activity in Canada’s housing market took a pause in July. Home...