News

Aging population, low vacancy spur Victoria apartment builds

Written by Evan Duggan Victoria’s aging population of well-off downsizers, a severe shortage of rental homes and other market pressures are spurring developers to build hundreds of new rental apartment units,...

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U.S. View: ‘Sleepy’ Victoria a Real Estate Bargain

Main, News, Uncategorized

Written by Carla Wilson It’s always fun to find out how others see us. The Wall Street Journal put its magnifying glass over Victoria’s real estate market to describe it as a “comparative bargain.” In comparison...

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How the real estate boom has left British Columbians feeling richer and poorer than they really are

Main, News

Written by Frances Bula A frothy real estate market has left affluent British Columbians who can’t afford to buy feeling poor–and homeowners of modest means feeling flush. With research partner Environics Analytics,...

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Greater Victoria Residents Show Support For Rail

Main, News

Written by Joel Tansey The renewal of rail service has the strong support of more than 84 per cent of Greater Victoria residents according to a new survey from the Island Corridor Foundation. Less than 5 per cent of the...

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B.C. City now Ranks among World’s Top 2 Luxury Home Markets, and it’s not Vancouver

Main, News

Written by Jesse Ferreras With Vancouver feeling the effects of a tax on foreign buyers, international investors are turning to pricey real estate in B.C.’s quaint provincial capital. So much so, in fact, that the...

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Three towers to change Victoria skyline in big way

Main, New Developments, News

Written by Bill Cleverley Victoria’s skyline is about to be altered in a big way with two major developments getting the green light from Victoria councillors. After public hearings Thursday night, council approved...

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The quaint B.C. city that’s helping to push Canadian home prices to record highs

Main, News

Written by Jesse Ferreras A new report is more evidence that the luxury real estate money that’s fled Vancouver since the government imposed a foreign buyers’ tax, has gone to Victoria. Neetu Garcha reports....

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‘Bully bids,’ shortage push Victoria Home Prices Higher

Main, News

Written by Frank O’ Brien It is not foreign buyers but “bully bids” from frustrated locals competing for a record-low inventory that are driving Victoria home prices higher, according to real estate agents and...

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Victoria Council gives tentative approval to 15% Foreign Buyers Tax

Main, News

Published by CBC News Victoria city council has given a tentative green light to the implementation of a foreign buyers’ tax similar to the one approved for Metro Vancouver in August 2016. The successful vote,...

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Impact of B.C.’s Foreign Buyer Tax wanes as March sales surge almost 50 per cent

Main, News

Written by Joanne Lee-Young Blistering Toronto home price gains have federal and provincial politicians in Ontario talking about a speculation tax on non-resident home buyers. It’s a conversation happening privately...

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