Latest news with #GreaterVancouver
Yahoo
7 days ago
- Business
- Yahoo
CAMFIL Canada Opens Expanded Coquitlam Facility to Better Serve British Columbia
New Location Details: 3A Burbidge Street #101, Coquitlam, BC V3K 7B2 Best Air Filters in Coquitlam, CANADA | CAMFIL - Premium Filtration Solutions for BC COQUITLAM, BC, Aug. 05, 2025 (GLOBE NEWSWIRE) -- CAMFIL Canada is excited to announce the grand opening of its new, expanded facility in Coquitlam, British Columbia, strategically located to serve the vibrant Greater Vancouver Area and communities across BC with premium air filtration solutions. New Location Details Address: 3A Burbidge Street #101, Coquitlam, BC V3K 7B2 The state-of-the-art facility, located close to CAMFIL's previous Coquitlam location, features a significantly expanded footprint designed to enhance customer service and operational efficiency. Enhanced Capabilities Expanded Warehouse Space: The new facility boasts a warehouse that is one and a half times larger than the previous location, enabling CAMFIL to maintain increased inventory levels and deliver shorter lead times to customers across Western Canada. Improved Customer Experience: Visitors to the new facility will be welcomed by dedicated customer service representatives in a modern reception area, with easy access to shipping and receiving areas for seamless service and product delivery. Strategic Location Benefits: The Coquitlam location provides improved access to CAMFIL's expert team for on-site assessments, technical support, and tailored filtration solutions throughout British Columbia. Commitment to Clean Air Solutions This expansion reflects CAMFIL Canada's unwavering commitment to growing local relationships, enhancing service capabilities, and making clean air solutions more accessible to communities across BC. The company serves diverse sectors including commercial, industrial, healthcare, and food & beverage industries. "Our team can't wait for customers to come down and see our new facility," said Tracy Rawlings, CAMFIL Canada representative. "More space means more stock and shorter lead times – ultimately better service for our valued customers throughout British Columbia." About CAMFIL Canada Best Air Filters in Coquitlam, CANADA | CAMFIL - Premium Filtration Solutions for BC CAMFIL is a global leader in premium air filtration solutions, dedicated to protecting people, processes, and the environment from harmful airborne contaminants. With a focus on indoor air quality and air purification, CAMFIL continues to drive innovation in clean air technology. For more information: Visit: 3A Burbidge Street #101, Coquitlam, BC V3K 7B2 Blog: Website: Follow our social media handles for industry insights and updates LinkedIn Camfil Canada | Facebook YouTube Camfil Canada | Clean Air Solutions | MynewsdeskMedia Contact CAMFIL Canada Phone: (905) 660-0688 CAMFIL Canada is committed to creating solutions that protect people and the planet, helping everyone breathe cleaner air. Attachment Best Air Filters in Coquitlam, CANADA | CAMFIL - Premium Filtration Solutions for BC
Yahoo
7 days ago
- Business
- Yahoo
CAMFIL Canada Opens Expanded Coquitlam Facility to Better Serve British Columbia
New Location Details: 3A Burbidge Street #101, Coquitlam, BC V3K 7B2 Best Air Filters in Coquitlam, CANADA | CAMFIL - Premium Filtration Solutions for BC COQUITLAM, BC, Aug. 05, 2025 (GLOBE NEWSWIRE) -- CAMFIL Canada is excited to announce the grand opening of its new, expanded facility in Coquitlam, British Columbia, strategically located to serve the vibrant Greater Vancouver Area and communities across BC with premium air filtration solutions. New Location Details Address: 3A Burbidge Street #101, Coquitlam, BC V3K 7B2 The state-of-the-art facility, located close to CAMFIL's previous Coquitlam location, features a significantly expanded footprint designed to enhance customer service and operational efficiency. Enhanced Capabilities Expanded Warehouse Space: The new facility boasts a warehouse that is one and a half times larger than the previous location, enabling CAMFIL to maintain increased inventory levels and deliver shorter lead times to customers across Western Canada. Improved Customer Experience: Visitors to the new facility will be welcomed by dedicated customer service representatives in a modern reception area, with easy access to shipping and receiving areas for seamless service and product delivery. Strategic Location Benefits: The Coquitlam location provides improved access to CAMFIL's expert team for on-site assessments, technical support, and tailored filtration solutions throughout British Columbia. Commitment to Clean Air Solutions This expansion reflects CAMFIL Canada's unwavering commitment to growing local relationships, enhancing service capabilities, and making clean air solutions more accessible to communities across BC. The company serves diverse sectors including commercial, industrial, healthcare, and food & beverage industries. "Our team can't wait for customers to come down and see our new facility," said Tracy Rawlings, CAMFIL Canada representative. "More space means more stock and shorter lead times – ultimately better service for our valued customers throughout British Columbia." About CAMFIL Canada Best Air Filters in Coquitlam, CANADA | CAMFIL - Premium Filtration Solutions for BC CAMFIL is a global leader in premium air filtration solutions, dedicated to protecting people, processes, and the environment from harmful airborne contaminants. With a focus on indoor air quality and air purification, CAMFIL continues to drive innovation in clean air technology. For more information: Visit: 3A Burbidge Street #101, Coquitlam, BC V3K 7B2 Blog: Website: Follow our social media handles for industry insights and updates LinkedIn Camfil Canada | Facebook YouTube Camfil Canada | Clean Air Solutions | MynewsdeskMedia Contact CAMFIL Canada Phone: (905) 660-0688 CAMFIL Canada is committed to creating solutions that protect people and the planet, helping everyone breathe cleaner air. Attachment Best Air Filters in Coquitlam, CANADA | CAMFIL - Premium Filtration Solutions for BC
CBC
31-07-2025
- Politics
- CBC
City councillor blames Vancouver mayor for rise in homelessness
The 2025 Point-in-Time Homeless Count in Greater Vancouver shows homelessness is up nine per cent from 2023. Vancouver city councillor Lucy Malone is blaming Mayor Ken Sim for this year's increased numbers, saying his freeze on net new supportive housing has worsened the situation.
CTV News
03-07-2025
- Business
- CTV News
Vancouver home sales fall 10% in June but board believes momentum could be building
Vancouver-area home sales decreased 9.8 per cent in June but the city's real estate board says that figure could signal a potential recovery after larger year-over-year activity declines in previous months. A Harbour Air seaplane takes off past condo towers in downtown Vancouver, on Thursday, July 25, 2024. THE CANADIAN PRESS/Darryl Dyck VANCOUVER — Vancouver-area home sales decreased 9.8 per cent in June but the city's real estate board says that could signal a potential recovery after larger year-over-year declines in previous months. Greater Vancouver Realtors said residential sales in the region totalled 2,181 last month, down from the 2,418 sales recorded in June 2024 and roughly 25 per cent below the 10-year seasonal average. The board's director of economics and data analytics Andrew Lis noted the year-over-year sales drop was roughly half of the decline seen in May. The Greater Vancouver Area also recorded a 23.6 per cent decrease in April as buyers proceeded with caution amid the Canada-U.S. trade war, due to its associated economic uncertainty. 'On a trended basis, signs are emerging that sales activity is rounding the corner after a challenging first half to the year,' said Lis in a press release. 'If this momentum continues, it may not be long before sales are up year-over-year, which would mark a shift toward a market with more demand than the unusually low demand we've seen so far this year.' There were 6,315 newly listed properties on the market in June, a 10.3 per cent increase from last year and 12.7 per cent above the 10-year seasonal average for the month. Total active listings rose 23.8 per cent year-over-year to 17,561 — almost 44 per cent above usual levels for June. With mortgage rates down around two per cent since last summer, Lis said buyers 'are enjoying some of the most favourable conditions seen in years.' 'As home sales regain their footing, inventory levels aren't building as quickly as we've seen lately,' Lis said. 'Most market segments remain in balanced market conditions, which has generally kept prices trending sideways since the start of the year.' The composite benchmark price in June was $1,173,100, down 2.8 per cent from a year earlier and 0.3 per cent lower than May. The steepest sales decline by housing category last month was in apartments, down 16.5 per cent year-over-year to 1,040. Sales activity for detached homes decreased 5.3 per cent to 657, while attached home sales totalled 473, a 3.7 per cent increase compared with June 2024. --- Sammy Hudes, The Canadian Press This report by The Canadian Press was first published July 3, 2025.
Globe and Mail
09-06-2025
- Business
- Globe and Mail
Tribe Property Technologies Closes Acquisition of Ace Agencies, Tripling Its Single-Unit Rental Portfolio
Tribe has completed the acquisition of Ace Agencies Ltd. (" Ace Agencies"), a residential single-unit rental property management firm based in Abbotsford, BC . Ace Agencies generated over $1.4 million in unaudited revenue in 2024, with positive EBITDA¹. The acquisition strengthens Tribe's single-unit rental portfolio, enhancing its service offerings for property owners in the Fraser Valley and Greater Vancouver regions of British Columbia . VANCOUVER, BC , June 9, 2025 /CNW/ - Tribe Property Technologies Inc. (TSXV: TRBE) (OTCQB: TRPTF) (" Tribe" or the " Company"), a leading provider of technology-elevated property management solutions, is pleased to announce that through its wholly-owned subsidiary Tribe Management Inc. (" Tribe Management"), it has closed the previously announced acquisition of Ace Agencies (the " Acquisition"), a residential single unit rental property management firm based in Abbotsford, British Columbia . , CEO of Tribe, commented, "We are thrilled to officially welcome the Ace Agencies team to Tribe. This strategic acquisition expands our offering for owners of single-family homes and investment properties, helping us meet growing demand in a market that continues to evolve. We're excited to partner with a company that shares similar values of innovation and modernizing a traditional industry. Ace Agencies' Jason Bugra was looking for a partner in which he could continue to grow his company; leveraging the Tribe network to expand beyond Greater Vancouver and the Fraser Valley." Ace Agencies achieved consolidated unaudited revenue of over $1.4 million in 2024, with positive EBITDA 1 margin in the 10-15% range. Tribe manages over 50,000 homes across Canada , solidifying its position as one of the country's leading providers of tech-enabled property management solutions. Transaction details The Acquisition, completed through Tribe's wholly owned subsidiary Tribe Management, was carried out via a share purchase agreement dated May 23, 2025 . The total purchase price of $1,457,692 is payable entirely in common shares of Tribe, with no impact on the Company's cash position, as follows: $1,057,692 common shares in the capital of the Company (each, a " Share") at an issue price of $0.55 per Share; and Up to $400,000 upon the date that is one-month after the first anniversary of the closing date, June 6, 2025 , payable in Shares at an issue price equal to the 20-day weighted average closing market price prior to issuance, but not less than $0.41 , subject to adjustment based on the performance of the Acquisition. The vendors and Ace Agencies are at arm's length from Tribe. No finder's fees are payable in connection with the Acquisition. Footnote: Earnings before interest, taxes, depreciation and amortization (" EBITDA") is a non-IFRS measure. EBITDA should not be construed as an alternative to net income/loss determined in accordance with International Financial Reporting Standards (" IFRS"). EBITDA does not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. The Company believes that EBITDA is a meaningful financial metric as it measures cash generated from operations which the Company can use to fund working capital requirements, service future interest and principal debt repayments and fund future growth initiatives. About Ace Agencies Founded in 1969, Ace Agencies has been a trusted name in theAbbotsfordcommunity for over 50 years. Specializing in residential single-family home management, Ace Agencies has earned a reputation for reliability and client-focused service across the Fraser Valley. Ace Agencies currently manages a diverse portfolio of approximately 900 residential units. For more information, visit . About Tribe Property Technologies Tribe is a property technology company that is disrupting the traditional property management industry. As a rapidly growing tech-forward property management company, Tribe's integrated service-technology delivery model serves the needs of a much wider variety of stakeholders than traditional service providers. Tribe seeks to acquire highly accretive targets in the fragmented North American property management industry and transform these businesses through streamlining and digitization of operations. Tribe's platform decreases customer acquisition costs, increases retention, and allows for the addition of value-added products and services through the platform. Visit for more information. Tribe Property Technologies Inc. "Joseph Nakhla" Chief Executive Officer Cautionary Statement on Forward-Looking Information Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking information within the meaning of applicable Canadian securities laws regarding the Company and its business. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking information. Forward-looking information in this news release may relate to statements with respect to the aims and goals of the Company; results of the Acquisition; financial projections; growth plans including future prospective consolidation in the property management sector; future acquisitions by the Company; beliefs of the Company with respect to the independent owner-investors market; prospective benefits of the Company's platform; and other factors or information. Such information represents the Company's current views with respect to future events and are necessarily based upon several assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, and social risks, contingencies, and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking information. Readers should not place undue reliance on forward-looking information. The Company does not intend, and does not assume any obligation, to update forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules, and regulations.
