Borrowing

• Higher interest rates making home ownership harder for many Montrealers

  On October 26, the Bank of Canada raised its benchmark rate to 3.75 per cent. Most major banks followed, increasing their prime lending rates to 5.95 per cent.

  Canada

  Oct 28, 2022
  
• New Vernon, B.C. recreation facility would hike taxes for homeowners

  If the borrowing is approved, the tax increase would be phased in over four years, and by 2027 the additional cost per year to that average household would be $292.

  Canada

  Aug 31, 2022
  
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• $28-million loan approved for Greater Vernon Cultural Centre construction

  The Regional District of North Okanagan said the borrowing is expected to cost the average household $49 per year for 20 years.

  Canada

  May 6, 2022
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• New Vernon pool, recreation facility may require ‘serious’ tax hike

  The rough cost estimate for the project is $83-million.

  Money

  May 28, 2020
• Coronavirus: Kelowna considering borrowing up to $150M to cover late taxes

  The proposed bylaw requires the money to be paid back by the end of the year and city staff said the municipality would not necessarily take out the full amount.

  Politics

  Apr 19, 2020
• ANALYSIS: Finance Minister Bill Morneau’s odd plan to help homebuyers won’t help with housing affordability

  The chief economist at TD Bank said the budget's measures to help first-time homebuyers could actually push housing prices up by as much as 5 per cent. And that means the Liberals' attempts to make it easier for first-time home buyers could actually make it worse.

  Politics

  Mar 20, 2019
• Swan Lake Corridor property owners face $5.2-million sewer decision

  "One of the key factors in this whole program is to try to improve the environment," the regional district area director said.

  Politics

  Jan 3, 2019
• Vernon cultural centre borrowing would cost ‘average’ household $48 a year

  The figures were released as the regional district gears up for a referendum on borrowing up to $25 million for the new $40-million facility.

  Politics

  Aug 28, 2018
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• Downtown Vernon location picked for proposed $40-million cultural facility

  A referendum on borrowing $25-million for the project is expected to take place this fall.

  Politics

  Jun 21, 2018
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• Plans for new $40-million Vernon cultural facility move forward

  The regional district plans to borrow $25-million for the project.

  Politics

  May 24, 2018