by VRBA | Feb 15, 2024 | Blog, Housing data, news
According to CMHC, 2024 has started with a 61% decline in Greater Victoria housing starts in January. The total is 182 in 2024 vs 463 in 2023. In 2022, the total was 286 new homes. December 2023 totals were 644, however 2023 was a record year for new housing. So far... read more
by VRBA | Feb 13, 2024 | Blog, Housing data, news
Re/Max Canada reports land transfer taxes (BC Property Transfer Tax – PTT) are “eroding housing affordability at a time when home ownership is becoming out of reach for many younger households.” The PTT payable on BC’s average-priced home ($965,890) is $17,317.... read more
by VRBA | Feb 5, 2024 | Blog, Housing data, news
VRBA’s Annual Crystal Ball Housing Forecast featured presentations by: Laurie Lidstone, Chair, Victoria Real Estate Board Brendon Ogmundson, Chief Economist, BC Real Estate Association Braden Batch, Lead Economist, Canada Mortgage and Housing Corp. Casey Edge,... read more
by VRBA | Jan 24, 2024 | Blog, Housing data, news
The Victoria Residential Builders Association recently partnered with the Urban Development Institute – Capital Region, West Shore Developers Association, and Sooke Builders Association to commission a review of the Capital Regional District’s (CRD) $2 billion... read more
by VRBA | Jan 11, 2024 | Blog, Housing data, news
A news release was distributed today opposing the CRD’s flawed water supply plan. The plan will add additional Development Cost Charges of $9,044 per new single-family home, and $7,914 for each ‘missing-middle housing’ townhouse and duplex. For a 50-unit multi-family... read more
by VRBA | Dec 21, 2023 | Blog, Housing data, news
Dear Santa, As the new VRBA President, I hope you will consider these wishes after delivering gifts to all of the good children on your list. When flying over Greater Victoria, please consider expediting rezonings, development and building permits. This would provide... read more
