Latest news with #Vancouverites
CBC
9 hours ago
- Business
- CBC
Having Costco's $1.50 hot dog combo at its downtown Vancouver location to require a membership
Starting later this summer, the food court at Costco will no longer be for everyone to enjoy. CBC's Pinki Wong went to the location to see what changes are coming and how Vancouverites are reacting.
CBC
12 hours ago
- General
- CBC
Having Costco's $1.50 hot dog combo at downtown Vancouver location to require membership
Starting later this summer, the food court at Costco will no longer be for everyone to enjoy. CBC's Pinki Wong went to the location to see what changes are coming and how Vancouverites are reacting.
CBC
28-05-2025
- General
- CBC
New study says Vancouverites have every reason to be very happy
Despite what Vancouverites might say about living in the city, a new report shows there are plenty of reasons to be happy. The 2025 Happy City Index has ranked Vancouver the happiest city in North America. Justin McElroy explains how the study came to this conclusion.
Global News
23-05-2025
- Business
- Global News
Are mortgage rates getting cheaper? Depends on where you live
If you're looking to buy a house this summer or renew your mortgage, there could be good news for you. But whether your rates are going up or down depends on where you live. The monthly home affordability report by looked at home prices and mortgage rates from 13 Canadian cities. In seven of those cities, mortgage affordability improved. While borrowing costs remained largely stagnant in late March and early April, plummeting home sales across Canada contributed to improved affordability, the report said on Thursday. According to the Canadian Real Estate Association, home sales dropped by 9.8 per cent in April. 'The lowest 5-year fixed rate as of May 22 is 3.84%. We've used the average of the Big Five Bank's rates in our calculations. Securing a lower rate, such as 3.84%, would have a big impact on how much you can qualify for,' Penelope Graham, mortgage expert at said in a news release. Story continues below advertisement 2:05 Business Matters: Canadian home sales fell in February amid tariff uncertainty Where did rates go down? According to the report, the city that saw the most significant improvement in housing affordability in April was Hamilton, Ont. The average home price in Hamilton was $801,400 — a drop of $9,600 from March. A Hamilton homebuyer would need an annual income of $166,500 to be able to buy a house. With a 10 per cent down payment and a 25-year amortization, their monthly mortgage rate came down to $4,066 a month. Story continues below advertisement This means that a Hamilton mortgage buyer who locked down their rate in April would save $49 a month compared to someone who locked it down in March. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy 'The Hamilton borrower in this scenario would save $49 on their monthly mortgage payment ($588 a year) in April compared to if they bought in March,' Graham said. The mortgage figures in this report are based on a mortgage with a 10 per cent down payment, 25-year amortization, $4,000 annual property taxes and $150 monthly heating costs. Toronto saw the second biggest drop in home prices, with the average home price dropping $7,500 to $1,009,400. A Torontonian would need an annual income of $205,850 to afford a home and their average mortgage payments came in at $5,122 a month — a drop of $38. While Vancouver saw the third biggest decline in home prices, with a decline of $6,300, it remains Canada's most expensive housing market by far, with an average home in April costing $1,184,600. Vancouverites also need the highest annual income of any city in Canada at $238,970 a year. They would also have to pay the highest monthly mortgage of $6,011 with a 10 per cent down payment, although it dropped $32 from March. The two Maritime markets that saw a drop in home prices are Fredericton (average home price of $333,900) and St. John's ($369,400). The annual income needed to buy a home is $78,000 in Fredericton and $84,760 in St. John's. Story continues below advertisement The average monthly mortgage payment for a homebuyer in Fredericton in April was $1,693 (a drop of $11 a month) and in St. John's it was $1,100 (a drop of $6 a month). The two big Alberta markets saw affordability improve marginally. The average Calgary home cost $583,000 in April, a drop of just $400. A homebuyer in that city would need an annual income of $125,170. The average Edmonton home cost $431,100 in April, a drop of just $200, and an Edmontonian would need an annual income of $96,430. Monthly mortgage payments came down by $2 in Calgary ($2,958) and $1 in Edmonton ($2,187). 2:00 Business Matters: Canadian housing market on hold, CREA data shows Where did rates go up? In six out of 13 cities, mortgage rates and home prices have both gone up. Story continues below advertisement The city that saw affordability worsen the most was Regina. The average home price in Regina rose $9,100 to $335,400 and the annual income needed to buy a house rose to $78,330. A Regina homebuyer who locked down their mortgage in April would have to pay $1,702 a month. 'The Regina borrower in this scenario would pay an additional $46 on their monthly mortgage payment ($552 per year),' Graham said. Montreal saw the second steepest hike in housing affordability with the average home price rising $6,300 to $574,900 in April compared to the price in March. A Montrealer who locked down their mortgage in April would have to pay an additional $32 a month with monthly costs of $2,917 compared to one who did so the month prior. They would need an annual income of $123,640. In April, Victoria came in as the third most expensive housing market in Canada after Vancouver and Toronto, with average home prices rising to $897,300 and the average homebuyer needing an annual salary of $184,620. Monthly mortgage costs rose $32 to $2,917 a month. The cost of the average home in Halifax rose by $6,000 to $563,000, with an annual income of $121,400 needed to buy a house. Monthly mortgage payments rose to $2,857. Story continues below advertisement Housing also got more expensive in the nation's capital, with the average Ottawa home now costing $631,200. A homebuyer in that city would need an annual income of $134,300. An Ottawa resident locking down their mortgage in April with a 10 per cent down payment would have to pay $3,203 a month. Winnipeg also saw a marginal worsening of affordability, with home prices rising by $700 to $385,300 and monthly mortgage costs rising by $4 to $1,955. A Winnipeg resident would need an annual income of $87,770 to buy a house, the report said.
Time of India
20-05-2025
- Automotive
- Time of India
Vancouver riders take to the streets for men's health
Over 220 dapper Vancouver riders participated in the Distinguished Gentleman's Ride, raising $52,456 for men's health, contributing to a national total of $383,498. Globally, the event saw 125,000 riders across 108 countries, raising $7.17 million USD for prostate cancer and mental health initiatives. The ride, starting at International Motorsports, aimed to break the silence surrounding men's health issues. Dressed in sharp suits and riding vintage motorcycles, more than 220 Vancouverites took to the streets as part of the Distinguished Gentleman's Ride Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Whether it's a quiet battle with depression or a delayed checkup for a growing concern, silence has long been a killer for men. Over 220 Vancouver riders put on their finest suits and kicked up their kickstands to break that silence as they participated in the Distinguished Gentleman's Ride on Sunday, May address these issues, this global event aims to raise funds and awareness for men's health issues, particularly prostate cancer, the most common cancer among men along with mental health , in partnership with the Movember Vancouver ride successfully raised $52,456, contributing to Canada's national total of $383,498, with 1,869 riders participating across the the 2025 event saw over 125,000 riders across 1,038 cities in 108 countries, collectively raising $7.17 million ride route commenced at International Motorsports in East Vancouver, winding through the scenic Stanley Hermansen, fundraising director for Movember Canada, noted the positive public reaction: "People would stop and stare, honk their horns, and wave. It was good because that's the whole point. It captures people's attention."'It's always hard to know how these events will turn out in Vancouver, it could be raining or sunny, but we still had plenty of riders out today all wearing their dapper outfits, so all in all we're pretty happy,' he Distinguished Gentleman's Ride was founded in 2012 by Mark Hawwa in Sydney, Australia, inspired by a photo of Mad Men's Don Draper astride a classic motorcycle while wearing an expensive its beginning, the event has supported numerous men's health projects, including 12 in Canada, seven focusing on prostate cancer, and five on mental Thiene, part of the organizing committee for the Vancouver ride, emphasized the event's dual purpose: "The idea was to have a themed ride, getting riders together in one big community to ride classic and vintage rides. A themed ride where people dress up dapper to create interest and raise awareness."
