by VRBA | Aug 1, 2023 | Blog, Housing data, news
In the first six months of 2023, new housing has more than kept pace with 2022. According to CMHC, there were 1,814 new homes January to June 2023 compared to 1,713 units in 2022. The largest segment is represented by apartments and condos (1,500 units) – a 33%... read more
by VRBA | Jul 28, 2023 | news
CMHC reports housing starts in Greater Victoria are up 6% from January to June 2023 at 1,814 units vs 1,713 in 2022. Year-to-date, large multi-family condos/apts are up 33% this year at 1,500 units, however, single detached homes are down 41% (201 units) and missing... read more
by VRBA | Jun 27, 2023 | Blog, Housing data, news
There are as many as three taxes on allegedly vacant homes in BC. They are Vancouver’s Empty Homes Tax, the province’s Speculation Tax, and federal government’s Underused Housing Tax. This is in addition to billions in government revenue created by the Property... read more
by VRBA | Jun 21, 2023 | Blog, Housing data, news
CMHC reports housing starts declined 11% year-to-date (January to May 2023) in Greater Victoria vs the same time last year. Areas of concern include Sidney where there have been zero new homes started this year, Sooke declined 55%, and Saanich is down 75%. There is a... read more
by VRBA | Jun 15, 2023 | Blog, Housing data, news
CMHC reports housing starts in Greater Victoria are down 11% year-to-date January to May 2023 at 1,312 units vs 1,480 units in 2022. However, April 2023 starts were only 91, while May 2023 posted 133, a 46% increase. Month to month numbers can be skewed by one or two... read more
by VRBA | Jun 13, 2023 | Blog, Building Code, Education & Training, Housing data, news
This week we are giving a presentation on three housing recommendations for the Select Standing Committee on Finance and Government Services. Recommendation 1: End municipalities fast-tracking the building code The BC Building and Safety Standards Branch is only now... read more
