Building & Industry News

Construction Rebates Boost Economy, Create Jobs

Challenges continue in the battle against COVID-19, and other provinces are showing more can be done in BC to assist the economy and create jobs. For example, the Newfoundland and Labrador government launched a rebate program providing up to $10,000 for renovations...

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A Solution to Skilled Trades Shortages

Skilled trades shortages are growing as baby boomers retire and demand for new housing increases. One response has been government and industry representatives attending employment conferences overseas trying to attract trades to Canada. However, there is another...

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2021 Crystal Ball Housing Forecast

VRBA’s Annual Crystal Ball Housing Forecast webinar was recently held with presentations by: David Langlois, President, Victoria Real Estate Board Brendon Ogmundson, Chief Economist, BC Real Estate Association Pershing Sun, Senior Analyst, CMHC There are 5 reasons for...

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All New Housing -8%, Single Detached +9% in 2020

CMHC reports 2020 housing totals for Greater Victoria were down -8% vs 2019. All new housing was 3,209 reduced from 3,499 the previous year. Single detached homes were up +9% and multi-family was down -18%. New housing in the City of Victoria declined -52% while...

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Three Housing Myths Dispelled

Here are three common myths about housing: Myth #1: Houses are unaffordable Many buildings are affordable, but the land is not. For example, a 1960’s home on a 12,000 sq ft lot in Saanich was assessed at $904,000 by BC Assessment in July 2020. The building is $129,000...

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‘Tis the Season for Giving

UPDATE: The Victoria Residential Builders Association placed 1st for fundraising in the "Spirit of Giving" category at the Festival of Trees for the BC Children's Hospital Foundation. This is the 6th time VRBA members have led in fundraising to support children in...

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Dear Santa…

Dear Santa, As the new VRBA President, I hope you will consider wishes for housing after delivering gifts to all the good girls and boys on your list. When flying over Saanich in your sleigh, please consider approving the backlog of development and building permits....

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