The Weekend Edition June 15

🗞️ Real Estate

Vancouver Proposing Suite Of Changes To DCLs, CACs To Support Project Viability

The changes the City of Vancouver has proposed include deferred DCL payments, modifying the payment requirements for CACs, and providing more flexibility with floorplates. (Storeys)

Toronto should allow sixplexes to bring ‘gentle density’ to city, council committee says

Toronto has moved one step closer to allowing fiveplexes and sixplexes in neighbourhoods across the city. At its meeting on Thursday, the city’s planning and housing committee approved recommendations from city staff to allow multiplexes with five and six dwelling units in detached residential buildings in low-rise neighbourhoods city-wide. (CBC)

Airbnb says thousands of B.C. reservations at risk, blaming ‘rushed’ rental rules

Property owners have reported that typos and formatting errors have prevented them from registering with the province, despite meeting all the legal criteria for hosting short-term rentals. (Western Investor)

Vancouver city council approves divisive Commercial-Broadway towers

Vancouver city council on Tuesday evening voted to approve a controversial three-tower proposal for the Safeway site near Commercial Drive and Broadway. The vote on the 1780 E. Broadway project saw the ABC Vancouver majority prevail, with Coun. Sean Orr opposing the proposal and Coun. Pete Fry abstaining from the vote. (BIV)

📈 Business

Canada should not rush potential sale of TMX pipeline, Trans Mountain CEO says

Canada should not rush to sell the newly expanded Trans Mountain oil pipeline, its CEO, Mark Maki, said on Wednesday at a conference in Canada. The Canadian government, which owns the pipeline and spent C$34 billion ($24.9 billion) completing an expansion that opened last spring, has indicated it does not wish to be the long-term owner of the pipeline. (Reuters)

Empire results

Empire Co. Ltd., which owns multiple grocery banners across the country including Sobeys and Safeway, will release its fourth-quarter results on Thursday before financial markets open. The company said in March that it was seeing sales of products from the U.S. “rapidly dropping” as shoppers look to support the Canadian economy and avoid the potential effects of tariffs. (Bowen Island Undercurrent) (Empire)

🏛️ Politics

Carney’s task at G7 will be to keep the group alive as experts question the outcome

As Prime Minister Mark Carney gets ready to host U.S. President Donald Trump and other leaders at the G7 summit in Alberta, analysts say Canada’s most important goal will be to keep the G7 from falling apart — even if that means not issuing a joint statement.

“Keeping this informal international organization together will, I think, be a mark of success,” said Sen. Peter Boehm, a former diplomat who played a central role in Canada’s participation in the G7 for decades. (Western Investor)

🔒 Account Security

Two-factor authentication (2FA) adds an extra layer of security to your addy account by requiring a one-time code in addition to your password, making it much harder for unauthorized users to gain access. This helps protect your investments from potential threats. To enable 2FA, go to the Profile section of your addy account and follow the steps to activate it.

🎧 Pod Episodes Your May Have Missed

✅ Jon Love, Founder and Executive Chair of KingSett Capital (Watch/Listen)

✅ Vancouver Mayor Ken Sim (Watch/Listen)

✅ Burnaby Mayor Mike Hurley (Watch/Listen)

✅ Mission Mayor Paul Horn & Bridgehead CEO Stacey Crawford (Watch/Listen)

✅ Royal LePage CEO Phil Soper (Watch/Listen)

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