News

Lack of Inventory Hobbles Sales, increases Greater Victoria Real Estate Prices

Main, News

Written by Andrew A Duffy Another month of low inventory has led to another slow month of sales — and higher prices — for the region’s real estate market, according to figures released Monday by the Victoria Real...

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Booming Market leaps over BC Liberal Speed Bumps

Main, News

Written by Peter Mitham The stunning rebound in B.C. real estate sales that followed the 2008 financial crisis was hailed as a sign of resilience in the face of global uncertainty. Seven years later, booming markets...

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B.C. Housing Minister says there’s no fix for rent-hike loophole yet

Main, News

Written by Mark Hager After vowing to try to close the loophole before the provincial election this May, British Columbia’s Minister Responsible for Housing says it is too complicated to stop landlords from skirting...

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B.C. to tweak Foreign Buyer Tax, but Affordability remains Elusive

Main, News

Written by Rob Shaw B.C.’s finance minister will unveil new exemptions and rebates for the foreign buyer tax on Metro Vancouver real estate this week. International citizens with work permits, who pay taxes in B.C.,...

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Victoria real estate sees influx of offshore buyers – from Vancouver

Main, News, Real Estate

Written by Brent Jang Victoria home prices have surged, and the driving force behind the hot market has a familiar ring – offshore buyers. But this wave of purchasers need only catch a 95-minute ferry ride to...

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Greater Victoria School District puts class trips to U.S. on hold

Main, News

Written by Katie Derosa Schools in the Greater Victoria district will not plan any more trips to the U.S. until there’s more certainty around that country’s travel restrictions. The school board’s decision is to...

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2017 BC Budget Reduces Property Transfer Tax for First-time Homebuyers

Main, News

Written by Kerrisa Wilson First-time home buyers in British Columbia can now expect to pay less in property transfer tax when purchasing a new home. The BC government announced on Tuesday its 2017 budget and first-time...

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Victoria Downtown developer plans 21-storey towers

New Developments, News

Written by Carla Wilson A pair of 21-storey towers could be rising from what is now a parking lot in the 800 block of Yates and Johnson streets. Provided the required development permit is approved by Victoria city...

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5 facts that defined Canada’s new-construction Housing Market in 2016

Main, News

Written by Josh Sherman Dated bungalows selling way over asking in super-competitive Canadian housing markets often grab headlines, but 2016 was hardly a quiet year in Canada’s new-construction housing market. That...

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3,400 unoccupied dwellings in Victoria, census data show

Main, News

Written by Isabelle Raghem According to the latest census, more than 3,400 properties in Victoria were empty last year. Out of 49,212 dwellings, 3,450 or 7 per cent, were listed as unoccupied. It comes just a few...

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