by VRBA | Aug 3, 2021 | Blog, Housing data, news
As every homebuyer knows, the purchase of a home is based on numbers. Financial institutions require a down-payment representing at least 5% to 10% of the price, and an income sufficient to pay the mortgage and other living expenses. Political spin such as the alleged... read more
by VRBA | Jul 20, 2021 | Blog, Building Code, Housing data, news
New building code regulations often fly under the radar in discussions about high housing prices. An example is the BC Step Code, an energy efficiency regulation circumventing the Canada/BC agreement to harmonize with the National Building Code. Step Code implies... read more
by VRBA | Jul 16, 2021 | Blog, Housing data, news
CMHC reports housing starts in Greater Victoria have increased 20% year-to-date vs last year from 1,567 to 1,883. Langford continues to lead the region with 830 new homes or 44% of all new housing. The increase from June 2020 to June 2021 is actually significantly... read more
by VRBA | Jul 13, 2021 | Blog, Housing data, news
Limited housing supply has been identified by economists and industry as the main source of high housing prices. This is a fundamental principle of economics. Low supply/high demand increases prices, while high supply/low demand reduces prices. Limited housing supply... read more
by VRBA | Jul 6, 2021 | Blog, Housing data, news
Now is the time to join the Victoria Residential Builders Association during our annual membership renewal starting July 1. Our association’s daily mission is to be effective, efficient and affordable for our members. We are the builders’ leading voice advocating... read more
by VRBA | Jun 28, 2021 | Blog, Housing data, news
Opening Doors, a new report funded by the BC government suggests revenue from community amenity charges (CAC’s) are a disincentive for municipalities to proactively rezone to an appropriate density. The report says: “Zoning-based charges (CACs) discourage proactive... read more
