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
by VRBA | Jun 22, 2021 | Blog, Housing data, news
The BC government announced mandatory certification starting with ten trades including electricians, air conditioning mechanics, gas fitters, steamfitters and pipefitters, and sheet metal workers. Apprenticeship certification is available for most trades, but in some,... read more
by VRBA | Jun 22, 2021 | Blog, Housing data, news
CMHC reports housing starts have increased 12% year to date from 1,357 last year to 1,525 this year. May 2021 starts actually declined 26% to 193 from 260 in May 2020. However, data is deceiving on a monthly basis, which is why we focus on year-to-date starts.... read more
