Borrowing
ANALYSIS: Finance Minister Bill Morneau’s odd plan to help homebuyers won’t help with housing affordability
By David Akin Chief Political Correspondent
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. Continue reading
Swan Lake Corridor property owners face $5.2-million sewer decision
By Megan Turcato North Okanagan Video Journalist
“One of the key factors in this whole program is to try to improve the environment,” the regional district area director said. Continue reading
Vernon cultural centre borrowing would cost ‘average’ household $48 a year
By Megan Turcato North Okanagan Video Journalist
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. Continue reading
Downtown Vernon location picked for proposed $40-million cultural facility
By Megan Turcato North Okanagan Video Journalist
A referendum on borrowing $25-million for the project is expected to take place this fall. Continue reading
Plans for new $40-million Vernon cultural facility move forward
By Megan Turcato North Okanagan Video Journalist
The regional district plans to borrow $25-million for the project. Continue reading
Shuswap rail trail one step closer to reality
By Megan Turcato North Okanagan Video Journalist
“These trails will undoubtedly result in increased tourism activity, and be a tremendous asset to local residents.” Continue reading
Credit card delinquencies rise sharply in Alberta and Saskatchewan: TransUnion
A new study from TransUnion says Alberta and Saskatchewan had a big jump in credit card delinquencies last year. Continue reading
New legislation now in place for payday loans
The new legislation will allow borrowers to cancel their loans within 48 hours and repay the money without penalty. Continue reading
Alberta slashing payday loan fees to lowest in Canada
As jurisdictions across Canada look to rein in payday loan companies, Alberta plans to make its fees the lowest in the country. Continue reading
More people skipping out on credit card bills in oil-producing regions
Delinquency rates for consumer debt climbed higher in the major oil-producing provinces in the fourth quarter of last year but the national average held steady. Continue reading