eby-fires-back-at-ford-over-suggestion-bc.-would-accept-2nd-oil-pipeline
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Eby fires back at Ford over suggestion B.C. would accept 2nd oil pipeline

ByStan S.

HOME BUYERS – To get the best exclusive listings visit www.vreg.ca and go to “EXCLUSIVE DEALS”

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Click to play video: 'Are pipelines a realistic part of Carney’s ‘nation-building’ projects?'

Are pipelines a realistic part of Carney’s ‘nation-building’ projects?

Prime Minister Mark Carney says he wants to quickly approve “nation-building” resource projects in an effort to boost Canada’s economy. David Akin explains whether it’s realistic to see new pipelines built anytime soon, and the challenges in getting other big resource projects approved.
B.C. Premier David Eby says he won’t be throwing his support behind a new oil pipeline through the province, dismissing Ontario Premier Doug Ford’s suggestion that Eby would change his mind.

Eby says in response to Ford’s remarks on Monday that the publicly-owned TMX pipeline is already running through B.C., and the province doesn’t support lifting the ban on oil tankers off British Columbia’s northern coast.

Click to play video: 'Premiers talk possible new pipeline out west'

Premiers talk possible new pipeline out west

He says it’s not his job to tell Ford it’s “extremely unlikely” there will be a tunnel under Toronto’s Highway 401, or tell Alberta Premier Danielle Smith her “vision” for a pipeline connecting Alberta and northern B.C. is “many, many years off” with no proponent in sight.

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Eby says his job instead is to protect the interests of British Columbia by bringing forward “shovel-ready” projects.

Click to play video: 'Danielle Smith’s pipeline push at premier’s meeting gets support from Carney'

Danielle Smith’s pipeline push at premier’s meeting gets support from Carney

Ford had said heading into a meeting between premiers and Prime Minister Mark Carney that he was confident Eby and Carney would “work things out” regarding a second pipeline.

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    5 Summer Habits That Might Be Spiking Your Utility Bills (and What to Do Instead)

    ByStan S.

    Credit: Getty Images / StockSeller_ukr Summer weather is ideal for enjoying the pool, the yard, and the sun, but after being outside for a few hours, it can also be a great relief to step into an air-conditioned home. These hot temperatures often cause many homeowners to adopt certain habits that are more wasteful than helpful. In an attempt to escape the heat, keep the house cool, and maintain the lushness of the yard, it can be all too tempting to try things that actually increase utility bills, costing you more in the long run for minimal relief. Use this guide to discover what summer habits secretly spike utility bills and what to do instead. Scott Levene is the vice president of Levco, a fuel and HVAC solutions company. He is also a licensed HVAC professional with nearly 20 years of experience. Read on to discover the ways you might be increasing your monthly bills without even realizing. 1. Cooling Unused Areas of the House Air conditioners help to cool down the home, but when you aren’t actively using specific rooms, there is no need to keep the doors open to these areas of the home. Central air conditioning systems might still provide some cooling to these areas through the ductwork, but ultimately, the cooling capabilities will be more focused in the central areas of the home where the thermostat is typically located. Closing certain doors allows the temperature to drop more effectively in the areas you are actually using, while saving energy. This particular trick works incredibly well for window and standing air conditioners, since their output is already focused in a single area of the home. 2. Running Fans 24/7 Fans can help move cool air throughout the home and provide direct relief to individuals who are near the fan. However, fans do not actually cool down the house, and their continuous operation can even add heat to the house. “A common habit is leaving fans on in empty rooms. Fans cool people, not rooms, so leaving them on when no one’s around just adds to the electric bill without any benefits,” says Scott Levene, vice president of Levco and licensed HVAC professional. 3. Frequent Lawn Watering Watering the lawn frequently might keep the grass looking lush and the gardens blooming nicely, but it is also a huge use of water that will drastically increase the cost of your water bill throughout the summer. In some areas, watering the lawn and yard might even be against local regulations due to droughts and water conservation efforts. Instead, it’s best to consider possible alternatives that can avoid waste and help save on your water bill. 4. Running the Air Conditioner with the Windows or Doors Open Many homeowners know to turn off the air conditioner if they are opening a window or door. However, this same knowledge might not be as obvious to other people living in the home, like children or teenagers. Additionally, some adults might open the windows on cooler evenings to bring in fresh air, but then forget to turn the AC off, which increases energy waste and leads to higher energy bills. 5. Setting the Thermostat Temperature Too Low Unfortunately, just because you turn the thermostat temperature as low as possible, this does not increase the speed at which the home will be cooled, though this doesn’t stop many homeowners from trying year after year. “The most common habit we see is turning the thermostat down too low, thinking it will cool the house faster. Setting the thermostat to 65°F instead of 75°F doesn’t make it work any faster; it just makes the system run longer and work harder, which drives up utility bills,” explains Levene. How Do These Habits Burn Your Budget? Deciding to put a stop to these habits and making the switch to a more budget-friendly alternative will help keep more money in your wallet and reduce waste. “The examples listed might only cost a few extra bucks a day, but that adds up over time,” Levene says. “Additionally, the extra strain on the HVAC system causes faster wear and tear, which can shorten the lifespan of the equipment. Frequent repairs or premature replacement costs are a major expense.” Related 7 Budget-Friendly Alternatives to Beat the Heat The more unnecessary warm-weather habits you tend to do each year, the higher the cost of your energy bills and the larger your ecological footprint, which is reflected in water and energy waste. Instead, work toward adopting budget-friendly habits that can both keep you cool and reduce your spending this summer season. 1. Use a Programmable Thermostat When you have a regular thermostat, it’s your responsibility to change the temperature throughout the day and when you leave the home. “Set your thermostat to a reasonable temperature. We recommend 76°F to 78°F when you’re home and 78°F to 80°F when you’re away,” Levene says. With a programmable thermostat, you can simply set a specific schedule based on when you leave for work, when you typically go to sleep, and when you wake, so you can reduce energy waste without even thinking about it. 2. Set Up a Rain Barrel Constantly watering the lawn is a huge waste of water, and it can quickly add up on your water bill. Instead, use one or more rain barrels in the yard to catch and collect rain. The collected water

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    5 Popular Home Projects You Should Skip This Summer and Save for Winter

    ByStan S.

    Summertime is an excellent opportunity to get a head start on a few home improvement projects, but not every job benefits from the heat and humidity of the season. Bubbling paint, unsafe temperatures in the attic, and waiting for more comfortable working conditions are all reasons you should consider putting off certain jobs this summer. And before you think you’re off the hook from any DIY renovations this season, we rounded up a few that are worth focusing on now, while the weather is warm and favorable for outdoor work. Ron Shimek is the president of Mr. Handyman, a Neighborly company, a leading provider of property maintenance, repair, and improvement services. 5 Projects to Skip This Summer and Save for Winter Ron Shimek of Mr. Handyman shares his top picks for home improvement to-dos that are better left for winter. 1. Fixture and Hardware Upgrades While you’re spending time indoors during the winter, you might notice more things about your house that you want to change or upgrade, or you might be looking for quick and easy ways to add more interest, personality, and style to your home. Swapping out your fixtures and hardware can give your home a fresh look in a matter of minutes, and you can stay warm indoors while you work. “Upgrading light fixtures, cabinet pulls, door handles, or even installing smart home devices can significantly enhance your home’s aesthetic and functionality without being weather-dependent,” explains Shimek. 2. Insulation and Weather Stripping Spending time in your attic messing with insulation in the summer is probably the last thing you want to do, but there are other reasons to put off this project until cooler weather arrives. In the winter, you’ll be better able to identify cold spots leaking in from damaged weather stripping and other flaws in your home’s insulation. Additionally, there will be no delay in feeling the effects of a job well done. “You’ll immediately feel the impact of improved insulation and sealed drafts as your home becomes warmer and your heating bills potentially decrease,” says Shimek. 3. Interior Painting Painting the interior of your home during the summertime can come with a few obstacles, one of which is humidity. Moisture is a major culprit in sabotaging paint drying time. When paint doesn’t dry properly, it can lead to bubbles, cracking, and mildew issues if you’re not careful. Although Shimek says some ventilation is needed to help the paint dry during the winter, the lower humidity levels go a long way in getting walls and ceilings dry in a reasonable amount of time. Plus, the home project pro says it’s a great way to give your living spaces a fresh look during a season when you’ll be spending a lot of time inside. 4. Minor Remodels The key here is minor, as you’ll likely spend a lot of time indoors during the winter, so whatever construction you do will likely happen while the whole family is underfoot. It is best to schedule these projects during the winter when the weather can be unstable. “These indoor projects don’t rely on good weather and can significantly improve the comfort and functionality of your home during the months you use them most,” says Shimek. Low-key bath and kitchen remodels are both projects you can move from your summertime to-do list to your wintertime schedule. 5. Dryer Vent and Chimney Cleaning “These are crucial safety projects, especially as you begin to use your dryer more frequently and your fireplace for warmth,” says Shimek. Hiring professionals to clean your dryer vent can reduce your fire risk, while a professional chimney cleaning can prevent creosote buildup. Creosote is a tar-like byproduct of smoke from wood-burning fires that forms on the interior of the chimney. It can be a fire hazard and a health risk. Get these projects squared away early in the season to ensure your home is safe and prepared for the cold weather ahead. Related 5 Projects to Do Instead This Summer When the weather is nice and you are eager for a home improvement project, get a jump on these projects that are ideal for summertime. 1. Exterior Painting Hold off on exterior painting until days when the temperature is warm and the humidity is low. In some areas, particularly in the South, this might mean starting or completing the project early or late in the season, when the weather is moderate. These conditions are ideal for allowing paint to dry properly without cracking, bubbling, or mildew issues, says Shimek. 2. Deck and Patio Refinishing One bonus of the summer heat is how quickly it dries surfaces, like when a sudden summer rainstorm hits and the puddles vanish before our eyes after the sun comes out. It turns out that this phenomenon is also beneficial when it comes to pressure washing, staining, sealing, and sanding patios and decks. Shimek says the warm, dry conditions help the materials dry properly, which means they should last longer. 3. Window and Door Work Consider any window-related projects for another early- or late-season job. “Replacing windows and exterior doors is less disruptive when the weather is mild, as it exposes the interior of your home to the elements for a period,” says Shimek. He also advises replacing or repairing window screens during this time. 4. Gutter Repair and Installation Summer is a great time to repair, install, and clean out your gutters. “With less rain and

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    Deck Trends That Will Transform Your Backyard

    ByStan S.

    With summer approaching, it’s time to consider your outdoor spaces, including your deck. You could go the traditional route of staining and sealing it for a fresh look, or take advice from the experts on the top 2025 trends for decks.  “Needing to maximize their outdoor retreat, homeowners are sketching out new deck designs that combine multi-purpose spaces, environmentally friendly materials, integrated outdoor kitchens and fire features, smart technology, and biophilic design features that bring nature closer into the living area,” says Mark Lumpkin of short-term rental renovation company STR Cribs. Discover the best deck trends for 2025 that will help you host summer gatherings in your own backyard.  1. Wider Boards If you’re looking to build a new deck or replace your home’s decking, opt for a wider board for a more updated and modern look.  “Standard 5.5-inch boards are stepping aside as homeowners increasingly choose wide-width boards for their decks in 2025,” says Amanda Cimaglia, VP of TimberTech. “These wider 7.25-inch boards not only offer a sleek, contemporary aesthetic but also create seamless, uncluttered surfaces that mimic high-end indoor flooring trends, resulting in a design-forward, polished appearance that feels expansive and upscale.”  While you’re at it, consider laying your boards in a pattern for a cool effect. “Design-savvy homeowners are borrowing from indoor flooring innovations, bringing rich bespoke layouts like chevron, herringbone, and pinstripes to their outdoor spaces,” Cimaglia adds. “These artistic patterns elevate a simple deck into a statement piece that blends functionality with personality.” 2. Multi-Level Decks Have an existing deck, but want to level up? Consider building a second story.   “Multi-level deck designs will continue gaining momentum as homeowners seek to create zones tailored to specific activities,” Cimaglia says. “For example, an upper dining area might transition to a mid-level lounging deck before stepping down into a firepit space or garden. These layers provide a sense of flow and dimension, giving outdoor spaces a dynamic, purpose-driven layout.” As you design your deck, designate a function for each level. Cimaglia suggests making the upper area a dining space and the lower level a cozy lounge, for example. “Additions like connecting staircases with integrated lighting or plant borders can enhance flow and unify the space. Using consistent materials and complementary finishes across levels can help maintain visual harmony,” Cimaglia adds.  You can also opt for different materials to establish different zones.  “Multi-level decks are in, as they help homeowners define areas for separate activities, like dining, lounging, and socializing,” Lumpkin says. “A common way to do this is to use different flooring materials or introduce slight elevation changes to define each zone without breaking the overall flow.” These new multi-level and tiered decks aren’t just functional, they’re beautiful too. “They can also provide better views of the property and surrounding landscape,” says Sue Kim, director of color marketing for Cabot.  3. Sustainable Features In 2025, deck designs are increasingly incorporating sustainable features. “Eco-conscious homeowners are gravitating toward decking options that include high percentages of recycled materials,” Cimaglia says.  TimberTech offers boards made with up to 85% recycled content, including reclaimed wood fibers and recycled plastic. “These materials deliver long-lasting performance while minimizing environmental impact,” she adds.  Cimaglia says that composite and PVC decking remain frontrunners even in 2025 because they’re long-lasting and low-maintenance options that look like real wood.  4. Comfortable Outdoor Furniture “Stiff, uncomfortable outdoor chairs are a thing of the past,” says Sergey Mashkov, designer and sales manager at Sheds Unlimited. “This year, plush sectionals, weather-resistant lounge chairs, and modular furniture sets are on the rise. Homeowners seek spaces that feel just as cozy as their indoor living rooms, complete with outdoor rugs, throw pillows, and built-in firepits.” As you shop, look for sectionals and chairs that are easy to move and rearrange.  “The outdoor furniture trends lean toward modular, reconfigurable furniture that provides comfort as well as flexibility, and the decor trends include sustainable materials, bright textiles, and ambient lighting all working together to create an inviting, cohesive space,” Lumpkin says. “In one example, a client interspersed weatherproof cushions accented with reclaimed wood and set LED fixtures to create a cohesive theme that elevated the personality of the deck—an unconventional approach that dramatically upgraded the total vibe.” Another trend for deck furniture this year is built-in seating. “Homeowners are choosing decks with integrated benches for additional seating, planters for natural touches, and even discreet storage compartments to keep spaces tidy,” Cimaglia says. “Features like these add structure and organization while giving back valuable square footage, perfect for entertaining or everyday relaxation.”  5. Smart Technology Smart tech makes outdoor entertaining easy. “Smart technology has made its way to decks, too, in the form of discreet, energy-efficient options,” Lumpkin says. “Think app-controlled LED lighting, wireless outdoor sound systems, and integrated heating elements all working to ensure your comfort without sabotaging the aesthetics.” You can kill two birds with one stone by choosing moody lighting options that enhance safety around your deck and sync easily with your home’s smart systems.  “Homeowners can install smart LED fixtures that can be controlled via smartphone apps or voice assistants. This allows for customizable brightness, color, and scheduling,” says Kevin Lenhart, design director at Yardzen.   Lenhart also suggests smart heating features that allow homeowners to use their outdoor spaces even in the chillier months. Whatever you choose, smart home technology makes it easy.  “If you’re going to dabble in smart tech features, I advise going all the

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    Vancouver swamped by unsold condos as supply outpaces demand

    Bymichael

    Open this photo in gallery: A condo tower under construction in downtown Vancouver, on Feb. 9, 2020. DARRYL DYCK/The Canadian Press In Metro Vancouver, supply has most definitely outpaced demand. The number of newly built, unsold condo units in the Vancouver region is expected to increase by 60 per cent by year’s end. That will bring the total of new units sitting empty to 3,493 – a 60 per cent increase from the 2,179 homes that sat empty and unsold by the end of 2024. These are multifamily units that have an occupancy permit and are move-in ready. Ryan Berlin, head economist and vice-president of Rennie Intelligence, part of Rennie Marketing, a Vancouver-based real estate marketing firm that represents some of the country’s largest developers, said 2025 will close with the “highest level of unsold condo inventory” that the region has seen in many years. It’s a bleak situation for developers, hampered by trade wars, an uncertain interest rate, rising costs and regulations designed to thwart a previous market that was driven by speculation and investment. Those days are over. “Right now, the market is out of gas. Nothing is working for developers. It’s not really working for buyers. So, we’re just kind of stagnating right now,” said Mr. Berlin. The story is all about the missing investor – a key player in the housing market. And they’ve run for the exits. Mr. Berlin has long kept statistics on investors, and from 2020 to 2023 they represented half of Rennie Marketing’s buyers. By 2024, they made up one-quarter of buyers. This year, only seven per cent of buyers are investors, he said. The investor buyer has kept the condo market going for decades. Willing to put up the deposit far in advance of the completed building, the investor enables the developer to obtain financing to construct. Once completed, the investor finds tenants for the unit, and investor landlords became a significant source of housing in the rental market. When lucrative rents were achievable, and borrowing money was cheap, the investor could easily cover costs, known as positive cash flow. But the conditions flipped, and with dropping rents and rising interest rates, many of them entered significant negative cash flow, said Berlin. “It’s not very palatable,” he said. There are other factors. Mr. Berlin said that the capital gains inclusion rate may no longer be on the table, but it created enough fear that people sold off properties. The federal anti-flipping tax, which treats gains on the sale of a house within one year as business income, has also curtailed investor buying. The federal temporary foreign buyer ban has reduced foreign money investment. Short-term rental restrictions have also put a dint in the investor market, particularly in tourist-driven markets like Kelowna. Developers were already dealing with high construction costs and soaring municipal fees. And policies that made sense in a hot market rife with speculation – which defined 2015 and 2016 – are restricting the market even more. “If somebody has money to invest in something and they look at this market, they’ll go, ‘Wow, I’m really being squeezed. Maybe I’ll just put it into a GIC.’ “It’s not to judge any of these policies as being good or bad overall for society, like a sort of net utility,” said Mr. Berlin. “But certainly, for investors … this real imbalance got created between risk and reward. The opportunity for reward diminished and the risks increased.” The dire situation has some developers asking for relief, such as easing up on the requirement that they provide social housing within a rental or strata tower, such as around transit-oriented areas and within some parts of the massive Broadway Plan area of Vancouver. Developer Tony Hepworth, president of Pennyfarthing Development, said six-storey wood-frame buildings are far more realistic than concrete towers. And the requirement to provide 20 per cent social housing in residential towers isn’t viable for most developers in this market. “We haven’t seen it yet, and not in Vancouver, but other municipalities have started dropping their requirement for affordable housing, from 20 to 10 per cent. I think they are going to have to drop it,” he said of Vancouver. “Talking to my colleagues, and some of them are bigger developers than we are, and we are saying that we can’t see how these big towers can go ahead, whether condo or rental at the moment.” Commercial broker Ian Brackett, from Goodman Commercial, said the cost to build a below-market rental unit is about double the actual value of the unit once completed. It means the market rate units elsewhere in the building must be significantly higher, and renters can only pay so much. “It has become very obvious that insisting on 20 per cent below market has become too much of a burden and is rendering many projects unfeasible,” said Mr. Brackett. “The question becomes, would renters and the city as a whole be better off having more housing built even if it is all at market rates, if the alternative is to have nothing built? Twenty per cent of nothing is zero.” The city said in an e-mail response that it is open to making policy changes to address the increasingly challenging market. “City staff certainly appreciate that market conditions are difficult for development at this time,” said Matt Shillito, director of special projects. “The market is dynamic with many different

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    The Truth About Real Estate in the News

    ByStan S.

    Myth #2: Put Less Than 20% Down So Banks Will Give You Better Rates Some mortgage brokers and lenders have perpetrated an enormous lie. They have suggested that if buyers purposefully use a smaller-than-average down payment and pay for CMHC mortgage insurance (which is mandatory for down payments under 20%), banks will perceive these loans as “safer” and offer these buyers a much lower interest rate on larger loan-to-value ratios. This is wrong. Banks are not solely looking at down payment sizes to determine the lending rate they will offer you. They look at your income, credit history, and debt-to-income ratio, getting a comprehensive view of your financial status and ability to repay your loan over time. Any “risk” they face of you being unable to pay your loan is offset by the home value itself, not by CMHC insurance. If you don’t pay your mortgage, they have the right to sell your property under a power of sale and recoup their losses. In this way, the bank is always protected from default risk. If you do not need to pay for CMHC insurance, avoid it because it will add to your monthly costs and provide no additional benefit to you. You can do the math: if you were to put less than 20% down, you would have to pay CMCH insurance, which ranges from 0.60% to 4.5% plus tax, which adds thousands of dollars to your housing costs. The only reason someone would push you to put less than 20% down when you have the funds to put 20% down is that they are getting some sort of benefit from it, not you. Mortgage brokers are paid based on the loan size you sign up for, so if you request a 90% loan instead of an 80% loan on a $500,000 property, they will get paid more. The lender, too, will gain more over time as you pay them more interest on your larger loan. Despite this misinformation controversy, the CMHC does offer a great program to help buyers who have less than a 20% down payment break into the market earlier. However, you should use it with a full understanding of the long-term costs. Ultimately, if you have more money to put down, you should definitely do it instead of paying extra fees like CMHC insurance. However, there is one important exception to note. You can get lower rates for investing in multifamily homes (with 5 units or more) that are insured by the CMHC. Typically, for buildings with more than 5 units, you would need a commercial mortgage and a larger down payment, like 25% down, but the CMHC offers preferred rates for eligible multifamily home projects. One specific program, the CMHC MLI Select Program, allows you to receive a lower interest rate than regular residential and commercial rates with less money down while still giving you the power of leverage. This program is available to help build the type of multifamily housing Canada needs the most: affordable rentals, student housing, and retirement housing. The CMHC MLI Select Program allows you to invest in multifamily buildings with only 5% down and offers extended amortizations for up to 50 years and reduced interest rates.

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