financing

​The "Golden Towers" at 4330 Kingsway in Burnaby.
Industry

Failed Sale, $49M Debt Push Slate-Owned Burnaby Office Towers Into Receivership

​The subject property of the receivership against Slate Asset Management is the "Golden Towers" office complex at 4330 Kingsway in Burnaby.

Listed Commercial

Foreclosed White Rock Project By Weststone Group Listed For Sale Over $19M Debt

​Weststone Group was planning 100 rental units and 147 strata units across two buildings at 14990 North Bluff Road in White Rock, which was just listed for sale.

Economy

“More Likely Than Not”: CIBC Sticks To July Interest Rate Cut Prediction

May’s inflation uptick has had some experts faltering on their previously-held belief that the central bank will cut rates again this month — however, CIBC’s Avery Shenfeld is not in that camp.