by VRBA | Feb 9, 2023 | Blog, Housing data, news
The federal government created a new Underused Housing Tax, (UHT) which was misrepresented as a foreign buyers tax. Like BC’s Speculation Tax, UHT will likely mostly apply to Canadians owning two or more properties. For example, in BC, newlyweds each owning a... read more
by VRBA | Feb 7, 2023 | Blog, news
In 2022, new housing kept pace with 2021. According to CMHC, there were 4,787 new homes January to December 2022 compared to 4,809 units in 2021. However, the vast majority of new homes are apartments and condos representing 3,627 units. Small multi-family housing for... read more
by VRBA | Jan 24, 2023 | Blog, Housing data, news
VRBA’s Annual Crystal Ball Housing Forecast was recently held with presentations by: Graden Sol, Chair, Victoria Real Estate Board Brendon Ogmundson, Chief Economist, BC Real Estate Association Pershing Sun, Senior Analyst, CMHC Casey Edge, Executive Director, VRBA... read more
by VRBA | Jan 19, 2023 | Blog, Housing data, news
CMHC reports there was zero new missing middle housing (townhomes, duplexes, etc) in six CRD municipalities in 2022. The municipalities are Central Saanich, Saanich, Oak Bay, North Saanich, Metchosin, and Highlands. There were only 6 new units built in View Royal. As... read more
by VRBA | Jan 18, 2023 | Blog, Housing data, news
CMHC reports total housing starts in Greater Victoria marginally declined -0.4% from 4809 in 2021 to 4787 in 2022. However, single detached housing was down 21% from 860 to 679. Multi-family, which includes condos, townhomes and duplexes increased 4% from 3949 in 2021... read more
by VRBA | Jan 11, 2023 | Blog, Housing data, news
If you are considering membership in an industry association in the New Year, consider the Victoria Residential Builders Association. Our daily mission is to be effective, efficient, and affordable for our members. We are the builders’ leading voice advocating housing... read more
