by VRBA | Oct 29, 2024 | Blog, Housing data, news
It has taken awhile, but finally a Canadian politician has suggested a partial step to end housing as an endless, federal government cash machine. Conservative leader Pierre Poilievre has promised to eliminate the GST on new homes sold for under $1 million if his... read more
by VRBA | Oct 23, 2024 | Blog, Housing data, news
In the aftermath of the BC election, there are key housing policies that need implementation, regardless of which party ends up governing. While each of the parties proposed their solutions for housing supply and affordability, the following must be addressed: A cap... read more
by VRBA | Oct 16, 2024 | Blog, Housing data, news
Greater Victoria’s year-to-date housing starts are down 3% according to CMHC. From January to September, housing starts were 3,066 vs 3,153 during the same period last year. The decline in British Columbia is 8% at 29,585 new homes this year vs 32,054 last year. This... read more
by VRBA | Oct 15, 2024 | Blog, Housing data, news
A developer has gone to court over a $1.3 million vacancy tax charged because they did not renovate two toxic, rat-infested homes scheduled for demolition in Vancouver. This underlines the absurdity, unfairness and rising costs of building homes in British Columbia.... read more
by VRBA | Oct 8, 2024 | Blog, Housing data, news
The Canadian Real Estate Association reports BC has the highest average home price at $939,972 which is $290,876 more than the average price in Canada. The BC government charges a Property Transfer Tax (PTT) of $16,795 to do a simple land title transfer on the... read more
by VRBA | Oct 2, 2024 | Blog, CARE Awards, news
VRBA announced the Gold winners for our 33rd annual Construction Achievements and Renovations of Excellence (CARE) Awards of Vancouver Island. Fifty-seven awards were presented at the Fairmont Empress Hotel attended by 280 builders, designers, trades and suppliers... read more
