Burnaby courts big towers near transit as an economic driver

Aggressive urban planning around SkyTrain stations in Burnaby is turning the municipality into Metro Vancouver’s hotbed for condo development, according to an Urban Development Institute report. Heavy pre-sales in projects such as Station Square at Metrotown and the redevelopment of Brentwood Town Centre added up to almost 30 per cent of all new-construction sales across Metro Vancouver, outpacing Vancouver’s downtown and west side neighbourhoods. …read more

Interest rate alignment drops mortgage rates slightly

As the major banks became more aligned in their five-year interest rates, the cost of borrowing to buy a home dropped to the lowest point since The Vancouver Sun started the UDI/FortisBC Housing Affordability Index, now the UDI/Vancity Housing Affordability Index, in December 2012. …read more