by VRBA | Sep 16, 2022 | Blog, Housing data, news
CMHC reports a 1% decrease in new residential construction from January to August vs last year. In 2021 there were 3,072 new homes vs this year’s 3,044. In August 2021 there were 572 new homes vs this year’s 363. Government fees and regulations continue to... read more
by VRBA | Sep 9, 2022 | Blog, Housing data, news
Municipal Elections are Saturday, Oct 15th and voters have two responsibilities – become familiar with the candidates and vote. Voting for even a single candidate can make a significant difference in the cost of your new home or renovation. Candidates should... read more
by VRBA | Sep 2, 2022 | Blog, Building Code, Housing data, news
British Columbia has the lowest fertility rate and the highest housing prices in Canada. Apparently, they may be linked. Statistics Canada has been monitoring declining fertility rates for 13 years. In the early 1990s, BC’s fertility rate was higher than Newfoundland,... read more
by VRBA | Aug 19, 2022 | Blog, Housing data, news
Update: Saanich will consider the following new report on Monday, Nov 21, 2022. Saanich report: “Market conditions are evolving rapidly, and we are in a period of uncertainty and growing risk…Higher interest rates and debt service requirements from lenders are... read more
by VRBA | Aug 17, 2022 | Blog, Housing data, news
BC Housing CEO Shayne Ramsay recently announced his retirement saying, “I no longer have confidence I can solve the complex problems facing us at BC Housing.” That’s a tough challenge because Ramsay has decades of experience providing affordable housing. Despite these... read more
by VRBA | Aug 16, 2022 | Blog, Housing data, news
CMHC reports a 7% increase in new residential construction from January to July vs last year. In 2021 there were 2,500 new homes vs this year’s 2,681. Much of the increase is apartment/condos in the City of Victoria, while Langford leads in single detached as... read more
