Condo flipping was never the culprit behind Vancouver’s home price spikes

Condo flipping was never pervasive in the Vancouver and Toronto housing booms and that sliver of the market has faded over time, suggesting tougher measures to curb speculators won’t make those cities more affordable. Just 3.4 per cent of Vancouver condominiums sold between April and June were units that had already been sold over the previous year, according to data compiled by Bloomberg from Teranet Inc.’s land and housing registry. The share of “paired sales” is close to the 2.9 per cent average over the last 12 months, and the rate has steadily declined from a decade ago when it topped 6 per cent. Paired-sales data can be used to… Read More

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Sears files for Chapter 11 amid plunging sales, massive debt

NEW YORK — Sears filed for Chapter 11 bankruptcy protection Monday, buckling under its massive debt load and staggering losses. The question now is whether a smaller version of the company that once dominated the American retail landscape can remain viable or whether the iconic brand will be forced out of business. Sears, which started as a mail order catalog in the 1880s, has been on a slow march toward extinction as it lagged far behind its peers and incurred massive losses over the years. “This is a company that in the 1950s stood like a colossus over the American retail landscape,” said Craig Johnson, president of Customer Growth Partners,… Read More

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Activist says ‘relocation specialists’ speeding tenant dislocation in Metrotown

Developers are using relocation services to pressure Metrotown-area tenants out of their rental properties early, an anti-poverty group is alleging. Murray Martin, with the group ACORN, said his organization started noticing a lot of tenants moving out of buildings where development proposals haven’t been finalized, including locations where Burnaby city council put a hold on public hearings for re-zoning. “The problem with this, No. 1, is it’s in the middle of a housing crisis and you’ve got hundreds of units sitting vacant that could be housing people,” Martin said. ACORN highlights three cases of tenants moving out even though the city has put development applications on hold, in a report… Read More

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Douglas Todd: Will the new leader of Quebec kill its immigrant-investor program?

The new premier of Quebec has promised to reduce immigration to his province by 20 per cent, require newcomers to learn French in three years and restrict some public servants from wearing religious symbols. Premier-designate Francois Legault won a majority on Oct. 1 in large part because he professed to be committed to better “integrating” newcomers into the francophone province. But so far Legault has not hinted at ending Quebec’s divisive immigrant-investor program, one of the world’s biggest wealth migration schemes. The Quebec Immigrant Investor Program — which attracts nine out of 10 of its millionaire applicants from Asia, mostly China — does the opposite of integrating immigrants into a… Read More

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Nw Intermountain Layton Hospital to provide care closer to home for Davis County residents

LAYTON — Patients will soon have access to the latest hospital and emergency health care services, with the opening of the new Intermountain Layton Hospital on Monday. Clinics have been open at the site, 201 W. Layton Parkway, for nearly a year, but expanded hospital services will serve the growing Davis County population, most of whom report traveling outside of the county for hospital services, including for childbirth. “We want the Davis County community to know we are here to provide care to them close to home, when they need it,” said Layton hospital marketing manager Sarah Fitzgerald. The nearest Intermountain hospital is the 300-bed McKay-Dee Hospital in Ogden, which… Read More

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New Intermountain Layton Hospital to provide care closer to home for Davis County residents

LAYTON — Patients will soon have access to the latest hospital and emergency health care services, with the opening of the new Intermountain Layton Hospital on Monday. Clinics have been open at the site, 201 W. Layton Parkway, for nearly a year, but expanded hospital services will serve the growing Davis County population, most of whom report traveling outside of the county for hospital services, including for childbirth. “We want the Davis County community to know we are here to provide care to them close to home, when they need it,” said Layton hospital marketing manager Sarah Fitzgerald. The nearest Intermountain hospital is the 300-bed McKay-Dee Hospital in Ogden, which… Read More

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A look back at Utah’s ZCMI —’America’s first department store’ — on its 150th anniversary

On October 15, 1868 — 150 years ago today — Zion’s Cooperative Mercantile Institution was formally organized. This Utah department store began as a small wholesale cooperative in Salt Lake City and eventually expanded to incorporate well over 100 branches, playing a significant role in Utah’s economy for more than 100 years. In honor of this sesquicentennial anniversary, here’s a look back at six things you may not know about ZCMI. Pioneer colonizer and Latter-day Saint prophet Brigham Young organized the institution and was its first customer. In “ZCMI,” a history of the mercantile company, Martha Sonntag Bradley describes the circumstances that led to ZCMI’s founding. Utah State Historical Society… Read More

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Photos: Home goods, gifts and ideas at Deseret News Home Show

Knox Desmond, 3, left, and Lacy Desmond sit on a backyard swing during the Deseret News Home Show at the Mountain America Exposition Center in Sandy on Saturday. The home show continues Sunday from 11 a.m. to 6 p.m. Clint Harp from HGTV’s “Fixer Upper” shared his experience in carpentry and home improvement Friday and Saturday. Utah TV host and blogger Brooke Graham will moderate a panel discussion showcasing the creative ideas of local designers at noon Sunday. This year, the show features the Holiday Marketplace filled with unique gifts and home goods for every season. See the world through the eyes of award-winning photojournalists. Click through the gallery above… Read More

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How to check what Facebook hackers accessed in your account

NEW YORK — Could hackers have been able to see the last person you cyberstalked, or that party photo you were tagged in? According to Facebook, the unfortunate answer is “yes.” On Friday, the social network said fewer users were affected in a security breach it disclosed two weeks ago than originally estimated — nearly 30 million, down from 50 million. In additional good news, the company said hackers weren’t able to access more sensitive information like your password or financial information. And third-party apps weren’t affected. Still, for users already uneasy about the privacy and security of their Facebook accounts after a year of tumult , the details that… Read More

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Enbridge says it will begin B.C. pipeline cleanup but gives no timeline

VANCOUVER — Enbridge Inc. says it will begin cleaning up the site of a natural gas pipeline explosion in Prince George, B.C., but the company says it does not have a timeline for how long the task will take. In a news release Saturday, the company says the Transportation Safety Board, which is leading the investigation into Tuesday’s incident, has opened the area to begin site-safety work and clean-up planning. An explosion Tuesday at an underground Enbridge pipeline temporarily shut down two natural gas pipelines. The blast knocked out Enbridge’s 91-centimetre line, but the Calgary company’s 76-centimetre pipeline near the damage site is supplying natural gas on a reduced basis.… Read More

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