by VRBA | Jul 16, 2024 | Blog, Housing data, news
Greater Victoria’s year-to-date housing starts are still up 5% according to CMHC. While, housing starts increased from 150 in May to 334 in June, the June 2024 number is less than June 2023 (502). This means the year-to-date increase of 20% in housing starts from... read more
by VRBA | Jul 9, 2024 | Blog, Housing data, news
The federal government may be again considering a tax on the sale of Canadians’ primary homes. The media report Prime Minister Trudeau held a private meeting just before Canada Day with an organization called Generation Squeeze, advocates of such a tax. A 2022 report... read more
by VRBA | Jul 2, 2024 | Blog, Housing data, news
BC’s Best Practice Guide for Development Cost Charges (DCCs) lacks the enforcement necessary to promote housing affordability. DCC’s are fees charged by local governments to upgrade sewer and water, sidewalks, roads and parks adjacent to new developments. However, the... read more
by VRBA | Jun 26, 2024 | Blog, Housing data, news
A new Demographia Housing Affordability report ranks Vancouver the 3rd least affordable housing market, after Hong Kong (1) and Sydney (2). The report says, “impossibly unaffordable housing in the Vancouver market has also spread to smaller BC markets” including... read more
by VRBA | Jun 18, 2024 | Blog, Building Code, Housing data, news
By July 1, municipalities must update their bylaws to accommodate the provincial legislation enabling moderate housing density (called missing middle) in single family zones. In municipalities of more than 5,000 people, this will allow: three to four units on... read more
by VRBA | Jun 17, 2024 | Blog, Housing data, news
According to CMHC, there has been a 20% increase in housing starts in Greater Victoria (1,572) from January to May 2024 vs the same period last year (1,312). Yet there is a 92% decline in City of Victoria housing starts with only 20 units vs 247 last year –... read more
