Family’s home sale uncertain after foreign buyer tax + MORE Aug 17th

COQUITLAM, B.C. – Cardboard moving boxes are piled about the living room of an otherwise half-packed house nestled on a tree-lined residential street in a quiet Vancouver-area suburb — a scene frozen in time that the home’s owners blame on British Columbia’s controversial new tax on foreign buyers.
The in-transition state of the home in Coquitlam has been the status quo ever since its owners learned the house’s sale, which they understood was a done deal, was thrown into question by the tax.
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:.5em}@media (min-width:480px){.cbR{width:250px;margin:0 0 1em 1em;float:right}}B.C.’s new tax will impact more than foreign nationals
The couple is at risk of losing an $80,000 deposit they made to purchase a smaller duplex further east in the city, and reneging on the real estate contract would also open them up to being sued.
“We feel like we’ve been let down,” Heather Nyberg told reporters Tuesday in the family’s small backyard as the couple’s two young children, aged one and three, played together in the grass…

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Home improvement company Lowe’s has lowered its earnings outlook due to its acquisition of Canada’s Rona hardware store chain earlier this year.​

Toronto StarOntario to regulate home inspectorsToronto StarThe Ontario government will finally regulate the home-inspection industry through a licensing regime designed to protect buyers. Consumers rely on home inspectors to help them vet what is often the largest purchase and investment of their lives. In …Ontario to introduce regulations for home inspectionsThe Globe and MailOntario Looking To Regulate Home Inspectors In The FallCKNW News Talk 980Ontario looks to regulate home inspectorsBlackburnNews.comall 8 news articles »

Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,697.60, down 5.84 points):
B2Gold Corp. (TSX:BTO). Miner. Up two cents, or 0.47 per cent, to $4.26 on 7.1-million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down 16 cents, or 2.26 per cent, to $6.91 on 6.1-million shares.
Aureus Mining Inc. (TSX:AUE). Miner. Unchanged at 5.5 cents on 5.7-million shares.
Encana Corp. (TSX:ECA). Oil and gas. Down seven cents, or 0.57 per cent, to $12.23 on 4.9-million shares.
Kinross Gold Corp. (TSX:K). Miner. Down 13 cents, or 1.98 per cent, to $6.45 on 4.7-million shares.
Barrick Gold Corp. (TSX:ABX). Miner. Down 61 cents, or 2.23 per cent, to $26.78 on 4.6-million shares.
Companies reporting major news:
Performance Sports Group Ltd. (TSX:PSG). Travel and leisure. Down 40 cents, or 14.81 per cent, to $2.30 on 1.1-million shares. The maker of Bauer hockey equipment says it’s under investigation by the U.S. Securities and Exchange Commission and that Canadian authorities have also made inquiries about unspecified problems…