Class action lawsuit filed against CIBC mortgages on prepayment penalties
By: Rob McLister Consumers hate mortgage prepayment penalties, largely because they don’t understand them. Now, there is about to be a high-profile challenge of how mortgage penalties are calculated. CIBC Mortgages Inc., a subsidiary of CIBC bank, has just been named the subject of a pending class action lawsuit. The intended suit claims that CIBC […]
Tories move to end turbulence and block Air Canada strike
On Tuesday, what was shaping up to be a turbulent week for travellers appeared poised to fade back to normal as the federal government said it was taking its first step in blocking any labour action. Federal Labour Minister Lisa Raitt’s office confirmed that she will refer the matter to the Canadian Industrial Labour Board […]
Nakusp groups take reins on turning around local economy
The idea of co-generation may be one of the pieces of the puzzle in the Nakusp region as several groups are beginning to grapple with the idea of righting the village’s listing economic ship. Although still in a draft report form, information and feedback has been gathered and recently released by a panel of local […]
$2-mill+ airport-land servicing project under way
Phase One of Castlegar’s over-$2-million airport-land servicing project is underway, and city officials spent some time this morning showing off the progress being made. “Phase One is the hanging of the utilities under the (Kinnaird) bridge, being done by Acres Enterprises in conjunction with Seismic 2000,” said city councillor...
Work on Duncan Dam boosts local economy
New jobs and an injection of $25,000 into the local economy each month is the bottom line for the ongoing Duncan Dam Spillway upgrade project in the Meadow Creek region, according to a BC Hydro spokesperson. Mary Anne Coules said a Sept. 20 BC Hydro operations update meeting at the Lardeau Valley Community Centre in […]
Vancouver house price increases outpace national average
The average price for a standard detached home in Vancouver is approximately triple the national average, according to the Royal LePage House Price Survey released this week. The average third quarter price for a detached bungalow increased 17 per cent year-over-year, selling for $1,022,375 – nearly three times the national average bungalow price of $349,974. […]
What the heck? Where's KBS?
Not gone, and not forgotten — KBS remains, but in a new incarnation created to respond to listener demand. Kootenay/Boundary listeners asked for more music variety. We listened and are giving our listeners what they asked for. “The Kootenay/Boundary’s EZ Rock,” the region’s newest radio station, hit the airwaves on Wednesday (Oct. 5) at 9 […]
Baldface Lodge creating $2.5 million expansion as ski season promises to be 'best ever'
A $2.5 million expansion underway to one of the region’s top lodges is providing the perfect prelude into what could be the best season ever in their 12-year history. Construction is well underway at Baldface Lodge near Nelson on the new, 9,000-square-foot two-storey east wing building, said Marina Moroney, Baldface’s guest services manager. The old […]
CBT offers $300,000 to promote manufacturing/technology in Columbia Basin
The Columbia Basin Trust announced a $300,000 partnership with Kootenay Association for Science and Technology (KAST) and Kootenay Rockies Innovation Council (KRIC) to further develop the manufacturing and technology sector in the Basin. The Manufacturing and Technology Sector Development Pilot Initiative is a two-year pilot initiative which will focus on the development and expansion […]
Economist predicts brighter future for B.C. forests
TD is predicting a significant increase in lumber prices by 2013 – and has praised British Columbia’s government for opening up new markets to counteract the slump in the U.S. housing market. Leslie Preston, an economist at the TD banking group, stated that, “The B.C. industry and government have been very proactive in marketing wood […]
