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 6, 2024 | Blog, Hiring a Contractor, news
Thinking of building a new home or renovating? How will you determine a builder’s track record, availability and prices? Try our online Expression of Interest making it easy to get quotes from VRBA’s professional contractors. Visit https://www.vrba.ca/hire-a-builder/... 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 26, 2024 | news
On Jan 1, 2030 no conventional gas water heaters, boilers, or furnaces can be purchased/installed in BC (apart from dual fuel heating systems). The BC government is claiming to undertake a “consultation” but like the Step Code consultation, which created... 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
