by VRBA | Sep 15, 2020 | news, Blog, Housing data
Here are some common housing myths: Myth #1: Houses are unaffordable Many structures are affordable, but the land is unaffordable. For example, a 1960’s bungalow on a 10,000 sq ft lot in Saanich was assessed at $813,300 by BC Assessment in July 2019. The building is... read more
by VRBA | Sep 9, 2020 | news, Blog, Housing data
Based on the latest CMHC statistics, Langford continues to lead in new home construction and jobs posting 840 starts from January to August 2020 vs 776 starts during the same time last year. Langford is up 8% this year and accounts for almost 40% of all new homes. The... read more
by VRBA | Aug 11, 2020 | news, Blog, Housing data
Most residential construction jobs are being created in the communities where it’s easiest to do business – Langford and Colwood. According to the latest CMHC data, from January to July 2020, 54% of new housing is being built in two out of 13 CRD municipalities.... read more
by VRBA | Jun 30, 2020 | news, Blog, Housing data
BC’s decision to establish construction as an essential service has been proven by its success combating COVID-19 while protecting jobs. Conversely, Quebec shut down construction and Ontario halted new projects and have not achieved BC’s success against the virus. A... read more
by VRBA | Jun 22, 2020 | news, Blog, Housing data
BC Budget Consultation 2020 Presentation by the Victoria Residential Builders Association to the Select Standing Committee on Finance and Govt Services – Tuesday June 16, 2020 C. Edge: Good morning, Chair and committee. Thank you for the opportunity to present... read more
by VRBA | Jun 8, 2020 | Blog, Housing data
The construction of new single detached housing is up 13% year-to-date (264) vs last year (233) according to CMHC. In addition, despite the pandemic, overall year-to-date housing starts in Greater Victoria are down only -3% from 1,395 last year to 1,357 this year.... read more
