by VRBA | Nov 26, 2024 | Housing data, news
In a news release, VRBA and industry partners expressed concerns about the CRD Water Supply Commission and their support for development cost charges on new housing. The commission spent 15 minutes discussing if they should give the industry partners’... read more
by VRBA | Nov 26, 2024 | Blog, Housing data, news
The Victoria Residential Builders Association and industry partners presented concerns to the CRD Water Supply Commission about proposed Development Cost Charges (DCCs) up to $9,045 per new home, to pay for a large water supply project. The province enables... read more
by VRBA | Nov 5, 2024 | Blog, Housing data, news
Last week, Conservative leader Pierre Poilievre promised to eliminate the GST on new homes sold for under $1 million if his party wins the next federal election. The savings on a $950,000 home would be $47,500 GST – a tax that’s supposed to be a consumption tax, not a... read more
by VRBA | Oct 29, 2024 | Blog, Housing data, news
It has taken awhile, but finally a Canadian politician has suggested a partial step to end housing as an endless, federal government cash machine. Conservative leader Pierre Poilievre has promised to eliminate the GST on new homes sold for under $1 million if his... read more
by VRBA | Oct 23, 2024 | Blog, Housing data, news
In the aftermath of the BC election, there are key housing policies that need implementation, regardless of which party ends up governing. While each of the parties proposed their solutions for housing supply and affordability, the following must be addressed: A cap... read more
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
