Business struck by bullet during shooting on Cambie Street

Vancouver police are investigating a shooting that left a bullet hole in the front of a Cambie Street business Thursday evening. Neighbours reported hearing several gunshots in the Cambie Corridor near 48th Avenue around 8 p.m., and initially thought someone was setting off fireworks. Officers flooded the area and used police dogs to search for possible suspects, bu [...]

24 February 2018

Budget’s higher business costs dim B.C. investment prospects

The first full budget unveiled by the BC NDP government offers a mix of higher spending, tax hikes on business and significant commitments to expand child care and address concerns over housing affordability and real estate speculation. Finance Minister Carole James was determined to deliver on some of her party’s key election platform promises. But she also wanted to keep the oper [...]

24 February 2018

Canucks sign Erik Gudbranson to a three-year extension

Defenceman Erik Gudbranson has signed a three-year contract extension with the Vancouver Canucks.The contract, which was signed a week ahead of the Feb. 26 NHL trade deadline, will pay the 26-year-old blueliner an average of $4 million per season.Gudbranson, who is earning $3.5 million this season, was set to be an unrestricted free agent in July.The 6-foot-2, 220-pound Gudbranson has r [...]

21 February 2018

Vancouver's Hot Housing Market Gets Tougher for Wealthy Chinese

Vancouver, one of the hottest housing markets in North America, is getting a little tougher for wealthy Chinese buyers.British Columbia Finance Minister Carole James announced measures targeting foreign buyers and speculators in the first budget since her government was elected on a pledge to make housing more affordable for residents of Canada’s Pacific Coast province.Starting Wednesday [...]

21 February 2018

Editorial: Far East fuel-cell fact and fiction

Ballard Power Systems’ latest Asian initiative illustrates some of the opportunities and challenges awaiting Canadian companies anxious to tap Far East business opportunities in the new age of U.S. trade protectionism. As Business in Vancouver recently reported, New York-based Spruce Point Capital Management cast aspersions on an impressive 167% jump in Ballard’s stock price in 20 [...]

20 February 2018

Avigilon closes $108m sale of downtown Vancouver office tower

Avigilon Corporation (TSX:AVO) has closed the previously announced sale of its downtown office tower for C$107.5 million, the company announced February 16. Avigilon, which specializes in high-definition surveillance software and hardware, originally bought the tower at 555 Robson Street from Telus Corporation (TSX:T) in 2015 for C$42 million. The property, including both the land and the [...]

20 February 2018

Let your situation — and not the signs — direct real estate decisions

With Lunar New Year beginning on Friday, Vancouver realtor Grace Kwok smiles and notes that this year’s zodiac figure — it’s the Year of the Dog — carries with it advice that she would follow year in and year out in the world of real estate: Consider your needs first before consulting the stars.Under Chinese zodiac lore, if you were born in a Year of the Dog, one of the 12-year c [...]

15 February 2018

There isn’t enough industrial real estate in Metro Vancouver: report

In a report from real estate company CBRE, Metro Vancouver’s industrial vacancy rate dropped from 3.9 per cent to 2.3 per cent between 2016 and 2017, and they predict that by the end of 2018 it will fall to a historic 1.7 per cent.The report says rent is up 13.6 per cent year-over-year in Metro Vancouver, at an average $10.23 per foot by the last quarter of 2017.Senior vice preside [...]

15 February 2018

Editorial: Cannabis retail readiness red alert

Is anyone really prepared for marijuana legalization? The operators of illegal outlets around Metro Vancouver might be, but most legitimate businesses are not. Judging by the recent release of its recreational marijuana retailing framework, the BC NDP government has been busy preparing for the federal government’s summer legalization. That framework will largely stifle free-market [...]

14 February 2018

Throne speech signals spending spree

British Columbia is about to embark on a massive social spending spree that will see increased government spending on housing, child care, hospitals, schools and playgrounds and embark on a range of studies and reviews on everything from hydraulic fracturing to the risks of pipeline spills. In its Throne speech Tuesday, February 13, the new NDP government sketched out its long-range p [...]

14 February 2018

Vancouver warming centres open as overnight low plunges

The City of Vancouver will make three community centres available as overnight warming centres on Sunday to help people stay warm.The city keeps community centres open as a life-saving response for people living on the street during the city's coldest months.Warming centres will be open at the following locations:Britannia Community Centre at 1739 Venables St. from 9 p.m. to 8:30 a.m [...]

12 February 2018

Olympics Buzz: Total gold or total medals? There’s more than one way to rate success

This is your daily infusion of information and news that you might have missed. The United States picked up two medals on Sunday, one gold and one silver. So, in the world of Olympic medal standings, is that one medal or two? That depends. Most organizations and record-keepers use the gold standard when deciding how to rank the countries. But in the United States, a lot of organizations [...]

12 February 2018

Report shows 'large economic development potential' for Vancouver-Seattle rapid rail

An ultra-high-speed rail line between Vancouver and Portland would create hundreds of thousands of jobs and billions in economic benefits for the Vancouver-Seattle corridor, according to an economic analysis.The analysis, which was paid for by Microsoft and trade unions, was recently added to a rail line study that was conducted by Washington state’s department of transportation and [...]

09 February 2018

TORONTO BOOK PUBLISHING

Most Popular

BusinessAvigilon closes $108m sale of downtown Vancouver office tower

Avigilon Corporation (TSX:AVO) has closed the previously announced sale of its downtown office tower [...]

20 February 2018

BusinessEditorial: Far East fuel-cell fact and fiction

Ballard Power Systems’ latest Asian initiative illustrates some of the opportunities and challen [...]

20 February 2018

China & WorldVancouver's Hot Housing Market Gets Tougher for Wealthy Chinese

Vancouver, one of the hottest housing markets in North America, is getting a little tougher for weal [...]

21 February 2018

BuzzCanucks sign Erik Gudbranson to a three-year extension

Defenceman Erik Gudbranson has signed a three-year contract extension with the Vancouver Canucks.The [...]

21 February 2018

BusinessBudget’s higher business costs dim B.C. investment prospects

The first full budget unveiled by the BC NDP government offers a mix of higher spending, tax hikes [...]

24 February 2018