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Adjust GST & PTT to Promote Affordability

The GST and Property Transfer Tax have contributed significantly to the erosion of housing affordability in our region. In 2000, the GST for an average new home in Victoria was about $10,000. The PTT was $3,000. Due to inflation, today the GST is about $30,000 and PTT is $10,000 – triple increases. Most incomes have […]

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CMHC Reports Housing Starts Steady

CMHC reports single detached housing starts in Greater Victoria, Vancouver Island and most of BC remain steady. Single detached starts represent a good indicator of improving employment for young people and families. The overall year-to-date numbers continue to show significant improvement over last year. The Greater Victoria report is here. The BC Report is here.

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Resolve to Restore Reno Tax Credit

The Federation of Canadian Municipalities (FCM) holds the Annual Conference and Trade Show this week from June 5 – 8 in Edmonton. Municipalities from across Canada meet to discuss issues with federal representatives. The agenda includes a Resolutions Plenary, so we suggest the following resolution for local officials: Canadian Home Renovation Tax Credit Whereas CMHC […]

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Victoria Housing Market Outlook – Spring 2015

CMHC’s Housing Market Outlook for 2015 looks very positive as they predict total housing starts of 1,950. That’s a significant improvement over last year of 1,315 starts. A reasonably healthy housing market should be in the range of 2000+ starts, so we are headed in the right direction to create more jobs in Greater Victoria.

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Big Increase in April Housing Starts for BC

The latest numbers for housing starts in BC indicate big increases for most municipalities. Year-to-date, BC has posted 9,267 starts vs 7,634 starts in last year. Victoria has posted 744 starts vs 251 in 2014. According to CMHC,  “New home construction in Victoria is being supported by a strong resale home market, rising migration to the region, […]

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Try VRBA Expression of Interest

Thinking of building a new home or renovating?    Many consumers are using our online Expression of Interest form making it easy to get quotes from VRBA’s professional contractors.  Visit vrba.ca/hire-a-vrba-member and fill out the form which is forwarded to members. There is no cost or obligation. Our Expression of Interest puts your project in front […]

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An Issue of Fairness for Homeowners

A BC court ruling on homeowners’ costs providing a “public benefit” warrants attention. The case involved a homeowner successfully challenging the excessive cost of assessing artifacts on her property. The judge said consideration should be given to “whether it is reasonable to require the petitioner (homeowner) to pay more than her fair share of the […]

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Housing Starts Increase in Victoria and BC

CMHC reports housing starts in Greater Victoria continued to increase in March posting 144 single family homes year-to-date and 332 multi-family units for a total of 476 new homes vs 191 last year. Fifty-seven single family homes were built in March 2015 compared with only 30 in March 2014. This reflects a stronger economy and more skilled jobs in our region. […]

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Annual Fun Golf Tournament at Bear Mountain

VRBA ANNUAL FUN GOLF TOURNAMENT Thursday, June 11 at Bear Mountain     Click here for registration & sponsorship details.   Enjoy a day on the links and network with VRBA’s contractors, designers, trades & suppliers! Bring a foursome, threesome, pair or come on your own – we will find a place for you! ONLY $169/golfer […]

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Building Science/Construction Techniques for Energy Efficient Homes – Free Seminar for VRBA Members

SEMINAR IS FULL – WATCH FOR A SECOND SEMINAR IN THE FALL Victoria Residential Builders Association Presents a Free Morning Seminar for Members Building Science/Construction Techniques for Energy Efficient Homes – RDH Engineering Building Envelope Issues Arising in our Climate – Jim Patterson, Travelers Achieving Energuide / Built Green / Energy Star Ratings – Wendy […]

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