City of Vancouver and VSB enter 99-year lease for Olympic Village site
The City of Vancouver and the Vancouver School Board (VSB) are entering into a 99-year lease for a site in the Olympic Village neighbourhood which will see construction of a new elementary school and child care facilities. The VSB is applying to the Ministry of Education for capital funding for construction of the school. Under the proposed terms of the lease agreement with the city, funding must be obtained and construction must start no later than Jan. 31, 2024, a City of Vancouver release stated.
Young adults embrace home ownership: Royal LePage
According to a recent Royal LePage demographic survey released this morning, 48 per cent of Canadians aged 25 to 35 currently own their home, and 25 per cent of those homeowners purchased a property during the pandemic. Among non-homeowners, there is a strong intention to purchase in the future (84 per cent), with 68 per cent planning to make the move in the next five years. Sixteen per cent say they plan to purchase a property within the year, while 14 per cent say they will buy within one to two years, and 39 per cent are looking to purchase in two to five years.
RBC boosts sustainability commitments
RBC today announced it has increased its commitment to financing sustainable projects, pledging $500 billion in sustainable financing by 2025. RBC’s initial commitment of $100 billion in sustainable financing was achieved in 2020. In addition, RBC committed to net-zero emissions in its lending by 2050, aligned with the global goals of the Paris Agreement, and announced it is joining the Partnership for Carbon Accounting Financials and RMI’s Center for Climate-Aligned Finance.
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