by VRBA | Apr 15, 2025 | Blog, Housing data, news
Despite provincially-mandated housing targets and rezonings, CMHC reports Greater Victoria’s 366 housing starts in March 2025 are 20% lower than the 459 starts in March 2024. Overall, housing starts are down 33% year-to-date at 612 new homes in 2025 vs 916 in 2024.... read more
by VRBA | Apr 2, 2025 | Blog, Housing data, news
A federal election is underway and voting day is April 28, 2025. Housing is a priority for Canadians, and much work is required to boost supply to make homes more affordable. The average price of a home in BC is $964,536. The Victoria Real Estate Board reports the... read more
by VRBA | Mar 31, 2025 | Blog, Housing data, news
The Business Examiner covered the presentation by Casey Edge, Executive Director, VRBA – one of the panelists at a recent Macdonald-Laurier Institute luncheon in Victoria. They said, “Canada is facing a crisis in governance that is adversely affecting the... read more
by VRBA | Mar 11, 2025 | Blog, Housing data, news, Renovating
Since March 3, the west coast has experienced significant earthquakes ranging from 3.9 to 4.7. This ongoing seismic activity is a reminder we live in a subduction zone where large earthquakes can happen any time. Scientists recently discovered an active fault running... read more
by VRBA | Mar 5, 2025 | Blog, Housing data, news
Two candidates for the federal Liberal leadership – Mark Carney and Chrystia Freeland – have promised to remove the GST for first-time buyers of new homes under $1 million and $1.5 million respectively. This is a step forward on reducing the sales tax on new housing.... read more
by VRBA | Feb 26, 2025 | Blog, Housing data, news
Last year, many municipalities were required to update their bylaws to accommodate the provincial legislation enabling moderate housing density (townhomes, duplexes, fourplexes, etc) in single family zones. If you are considering any new home project including a... read more
