As a new year begins, Business in Vancouver reflects on the most-read stories of 2017.
Shoes.com shuts down immediately– January 27, 2017
Once a rising star, the Vancouver-based online retailer announced last year, without notice, it would be ceasing operations.
OSFI sets new mortgage rules beginning January 1, 2018– October 18, 2017
In October, Canada’s banking watchdog announced a new set of mortgage rules that have now taken effect as of January 1, 2018. The rules, which make it more difficult for many Canadians to qualify for mortgages, are intended to decrease the risks of households with high levels of indebtedness as interest rates rise.
Feds take developers to court over presale flippers – July 24, 2017
The federal government announced it was taking the property developers behind the Marine Gateway project to court. The government said it was probing for information on presale contract flippers to verify compliance with the Income Tax Act.
Vancouver company building world’s biggest grow-op– January 24, 2017
Aurora Cannabis announced it was building the world’s biggest marijuana production facility the size of nine football fields at Edmonton International Airport.
Average Vancouver one-bedroom rent reaches record high: Padmapper– February 16, 2017
The average rent for a Vancouver one-bedroom apartment reached $1,900 – a record high – in February, based on data that tracks median rents for all homes that are currently available to rent or vacant and does not take into account those homes that are already rented out. The average rent for this home type has since grown to $1,990.
Rounding out the top 10:
Did China just blow B.C.’s LNG hopes out of the water? – November 9, 2017
NDP would expand B.C.’s foreign buyer tax – March 28, 2017
Kit and Ace closes international stores, lays off head office staff – April 26, 2017
Vancouver sticker shock sends ripple effects across B.C. – April 4, 2017
Clark will force confidence motion – May 30, 2017
