by VRBA | Jan 18, 2019 | Uncategorized
VRBA’s Crystal Ball Housing Forecast was presented by: Kyle Kerr, Past President, VREBCameron Muir, Chief Economist, BCREABraden Batch, Senior Analyst – Economics, CMHC The theme for 2019 is market moderation. The economy is strong, unemployment is low, interest... read more
by VRBA | Jan 18, 2019 | Uncategorized
UPDATE: On Jan 28 Saanich Council will review a revised DCC proposal from a previous 240% increase to 180% or $8,689 for new single detached homes. Affordable market homes are ineligible for a DCC waiver, which will be available only to govt/non-profit projects. No... read more
by VRBA | Jan 18, 2019 | Blog, Housing data, Uncategorized
Update: After ignoring the Rollo Report on the EDPA, Saanich Council plans to spend several hundred thousand dollars on more reviews while imposing “interim” severe restrictions on private property and development. Here is our letter to council. Claims by... read more
by VRBA | Jan 15, 2019 | Uncategorized
The BC govt recently announced a regional transportation strategy for southern Vancouver Island which does not include LRT. Instead they propose more bus lanes, bus stops, etc. LRT is long overdue for our region. Housing affordability often depends on density, which... read more
by VRBA | Jan 9, 2019 | Uncategorized
According to CMHC, last year Greater Victoria posted the highest housing starts since 1976. Or should we say Langford…which contributed 40% of the 4,273 total and 60% of all new rentals. Starts increased in Langford while declining in Saanich and Victoria, both... read more
by VRBA | Dec 18, 2018 | Uncategorized
CMHC recently announced year-to-date housing starts for Greater Victoria and we are again in record-setting territory. During the first 11 months of 2018, our region posted 3,498 new homes, numbers not seen since the 1970’s. Langford is setting the pace at 1,633... read more
