by VRBA | Jan 21, 2020 | Blog, Housing data
The City of Victoria is considering an important home conversion policy that may improve supply, vacancy rate and affordability. CMHC reports vacancies in Victoria have dropped to 1%, adding to our housing challenges. Canada’s strong population growth of over half a... read more
by VRBA | Jan 17, 2020 | Blog, Housing data
Due to inclement weather the Crystal Ball was postponed. The new date is Wednesday, January 29. What’s in store for the housing industry in 2020? Hear presentations by BCREA’s Chief Economist – a 2 time forecasting winner; sales expert/President of... read more
by VRBA | Jan 9, 2020 | Blog, Housing data
CMHC announced the total housing starts for 2019 and it doesn’t look good for a number of municipalities. While it can be argued a market softening was coming due to the mortgage stress test, BC speculation tax, and other regulations, severe declines highlight... read more
by VRBA | Dec 17, 2019 | Blog, Housing data
CMHC announced our region’s housing starts for January to November 2019 and there is a 7.3% decline vs 2018 from 3,498 to 3,242. Demand is still strong, especially among a large millennial demographic, however challenges include land costs, zoning restrictions, slow... read more
by VRBA | Dec 9, 2019 | Blog, Housing data
CMHC housing starts for Greater Victoria from Jan – Nov 2019 show a total of 3,242 new units compared with 3,498 the same time last year for a decline of -7%. Biggest declines are Central Saanich -75% Oak Bay -73% Saanich -57% and North Saanich -51%. Biggest increase... read more
by VRBA | Nov 25, 2019 | Blog, Housing data
Saanich council will again consider a report proposing 180% increase to DCC’s that gives one side of the story. The report on Development Cost charges says: “The proposed Development Cost Charge program (2019) is based on the ‘benefiter pays... read more
