by VRBA | Oct 16, 2024 | Blog, Housing data, news
Greater Victoria’s year-to-date housing starts are down 3% according to CMHC. From January to September, housing starts were 3,066 vs 3,153 during the same period last year. The decline in British Columbia is 8% at 29,585 new homes this year vs 32,054 last year. This... read more
by VRBA | Oct 15, 2024 | Blog, Housing data, news
A developer has gone to court over a $1.3 million vacancy tax charged because they did not renovate two toxic, rat-infested homes scheduled for demolition in Vancouver. This underlines the absurdity, unfairness and rising costs of building homes in British Columbia.... read more
by VRBA | Oct 8, 2024 | Blog, Housing data, news
The Canadian Real Estate Association reports BC has the highest average home price at $939,972 which is $290,876 more than the average price in Canada. The BC government charges a Property Transfer Tax (PTT) of $16,795 to do a simple land title transfer on the... read more
by VRBA | Sep 20, 2024 | Blog, Housing data, news
Greater Victoria’s year-to-date housing starts are down 8% according to CMHC. From January to August, housing starts were 2,706 vs 2,937 during the same period last year. The decline in British Columbia is 9% at 23,141 new homes this year vs 25,448 last year. This is... read more
by VRBA | Sep 20, 2024 | Blog, Housing data, news
The Victoria Residential Builders Association and industry partners recently met with the CRD to discuss proposed Development Cost Charges (DCCs) up to $9,045 per new home, to pay for a a large water supply project. The province enables municipalities to charge DCCs... read more
by VRBA | Aug 19, 2024 | Blog, Housing data, news
Greater Victoria’s year-to-date housing starts are down 1% according to CMHC. From January to July, housing starts were 2,259 vs 2,273 during the same period last year. The numbers were up 20% from January to May, but declined to a 5% increase from January to June.... read more
