by VRBA | Dec 13, 2018 | Uncategorized
The latest CMHC report reveals that while 53% of new housing is rental 65% of that number is in 1 municipality–Langford. Langford posted 1,198 new rentals while Saanich is at 122 & Victoria posted only 162 year-to-date, both declines from last year. Excluding... read more
by VRBA | Mar 1, 2018 | Housing data, Uncategorized
The BC govt has targeted foreign buyers as the cause of rising housing prices, and are increasing the tax to 20% including Greater Victoria. Most recent data indicate foreign purchases in Victoria represent only 4.1% of all sales. They have also proposed a tax on... read more
by VRBA | Oct 10, 2017 | Housing data, Uncategorized
The latest CMHC report shows Greater Victoria is closing in on the 3,247 housing starts set in 1989. Starts to date are 2,696 significantly more than the 2,306 at this time last year. Driving the numbers are multi-family projects in a variety of municipalities... read more
by VRBA | Sep 11, 2017 | Blog, Housing data, Uncategorized
The latest CMHC report shows Langford continues leading in the CRD for housing starts, supply and affordability. Their starts are up 17% over last year at 734. Colwood is up 193% at 179. On the other hand, Victoria is down 39%, Saanich is down 27%, Central Saanich is... read more
by VRBA | Jun 27, 2017 | Blog, Uncategorized
Thinking of joining a builders association? Now is the time, during membership renewal at the Victoria Residential Builders Association – the professional voice of the housing industry. Based on our principles of effective, efficient, affordable, we have... read more
by VRBA | Jun 8, 2017 | Uncategorized
The latest CMHC report shows Langford continues as the clear leader in housing supply/affordability with 404 housing starts for the year. Saanich is a distant second at 114 followed by Victoria’s 92. Bringing up the rear are Metchosin – 6; Esquimalt... read more
