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Seize hotels for homeless, Victoria says
Hotel owners don't want people with mental-health and addiction problems staying in their properties
Victoria housing market hovering at a more vulnerable state
"The evidence of overvaluation remains low as housing prices remain close to the levels supported by housing market fundamentals," CMHC chief economist Bob Dugan said late last week, as quoted by the Financial Post.
First-time home buyer incentive ‘a flop’ with minimal take-up
The federal First Time Buyer Incentive (FTHBI), introduced in September 2019, has so far been used by only 29 buyers in Metro Vancouver and fewer than 3,000 first buyers across Canada.
Big tech fish migrating to ‘small pond’ Victoria
When Matt Celuszak's London-based firm embarked on the hunt for a city in which to launch its global research centre for artificial intelligence, many global metropolises entered into the conversation.
Rental investor confidence points to rising market
For the first half of 2019, multi-family sales activity throughout Metro Vancouver and Greater Victoria lagged, affected by several governmental policies implemented in 2017-18. Following this period of adjustment, sales activity surged noticeably in the latte…
Victoria poised to become a sellers' market in 2020
While conditions are likely to be balanced as 2020 unfolds, RE/MAX said the conditions in the British Columbian capital are expected to lean towards a sellers' market.
B.C. rental crisis goes far beyond impact of short-term rentals, say experts
VICTORIA — British Columbia's rental housing crisis goes far beyond factoring the impact of short-term rentals, say housing experts who say more building is needed to help families find affordable homes.
First tall wood building on Vancouver Island gets a step closer
The 12-storey wood building will be part of the development at District 56, Langford's newest mixed-use complex which will offer residents an alternative to the downtown Victoria core.
Demand for condos is driving Victoria's sustained affordability
The latest Royal LePage House Price Survey showed that Victoria's average home sales price moderated by 0.4% year-over-year, ending up at $760,475 as of Q3 2019.
Businessman launches legal fight over B.C. foreign buyer tax
Victoria coffee-outlet owner, originally from Taiwan, claims he is being financially bullied by B.C. government
Century 21 survey reveals steep decreases in home prices
BC's decreases are led by some significant downturns in Vancouver, many suburbs in Metro Vancouver, and even some markets on Vancouver Island and the Okanagan seeing declines of 10-20% year-over-year in the first 6 months of 2019.
Metro Vancouver housing market no longer ‘vulnerable’ but Victoria still at risk: CMHC
CMHC's HMA examines urban real estate markets across Canada, assessing a combination of four key risk factors: overvaluation of house prices in comparison with levels that can be supported by economic fundamentals; overheating, when demand for homes in the reg…
Victoria maintains healthy sales pace
While only 740 properties sold in June, it was a 4.5% boost over June 2018, according to the Victoria Real Estate Board. However, while there was a marked drop in June sales compared to the previous month—12.7% to be exact—especially in the condo m…
The Westerly in Nanoose Bay 39 one and two bedroom homes by Seacliff Properties
In terms of established master-planned communities, Vancouver Island's Fairwinds is more than a little noteworthy.
Which Vancouver Island neighbourhoods are still seller’s markets? (INFOGRAPHIC)
Map of sales-to-active-listings ratios shows where the housing hotspots have been this spring; many remain seller's markets
New house prices down slightly after 3 months unchanged
Data from Statistics Canada shows that the largest declines were in Saskatoon (-0.5%) and Victoria (-0.4%) amid worsening market conditions with unemployment rising in both CMAs.
Victoria council eyes rezoning 500 buildings into forever rentals
VICTORIA — A sweeping zoning change under consideration by Victoria council to ensure purpose-built rental buildings remain rental is being met with dismay by landlords and developers.
Victoria’s residential market posts a subdued performance in June
"June has trended lower than May for the past few years and tends to signal the end of the active spring market," Victoria Real Estate Board president Cheryl Woolley explained. "The summer months of July and August generally see less activity than the spring, …
1 in 13 Vancouver families can afford homeownership
"Only one in eight families earns the income necessary to manage ownership costs in the Vancouver area, and one in five families in the Toronto area and Victoria. And this isn't taking into account the mortgage stress test," said RBC's report on Housing Trends…
Only 7% of Vancouver families can afford homeownership
"Only one in eight families earns the income necessary to manage ownership costs in the Vancouver area, and one in five families in the Toronto area and Victoria. And this isn't taking into account the mortgage stress test," said RBC's report on Housing Trends…
B.C real estate sector makes money-laundering recommendations
"As an industry, we have come together to commit to shared best practices and make recommendations to government," five sector groups said in a statement. "By aligning as an industry and working in collaboration with government, we can help facilitate an envir…
House price index posts first non-recession March fall in 20 years
Indexes were down month-over-month in seven of the 11 metropolitan markets surveyed – Ottawa-Gatineau (−1.5%), Victoria (−1.1%), Vancouver (−0.5%), Calgary (−0.5%), Toronto (−0.3%), Winnipeg (−0.3%) and Hamilton (&minu…
REBGV launches home listings site
The board has worked with Quebec firm Centris to create the modern listings portal with enhanced search and filtering capabilities. It allows users to create a profile for saving searches, which can be listed as a list, gallery, or on a map. It shows MLS listi…
B.C. seniors with unrentable homes near Vancouver face huge speculation tax bills
Neil Belenkie, mayor of the remote village of Belcarra, and the property owners were at British Columbia's legislature Tuesday demanding relief from the tax, which applies to vacant homes in Metro Vancouver, the Fraser Valley, Kelowna, southern Vancouver Islan…
Manufactured homes an ideal retirement investment
Manufactured home pads rent to tenants for between $350 to $500 per month in B.C.'s Interior and northern Vancouver Island. Rents are allowed to increase 2.5 per cent this year under B.C.'s Residential Tenancy Act.
Signs of moderation showing in Victoria says VREB
The Victoria Real Estate Board's Crystal Ball Housing Forecast says that there are signs of moderation in the market, despite all the elements needed for a healthy housing market – strong economy, low unemployment, still-low interest rates.…
BC homeowners given deadline to apply for speculation tax exemption
Seen as a way to address the overheated housing market in BC's large metropolitan areas, the speculation and vacancy tax looks to turn unused properties into rentals. According to CBC News, homeowners who live in their properties are exempt from paying the tax…
$10.79M downtown Victoria penthouse sale doubles the previous record
A Canadian couple has finalized a pre-sale deal for the $10.79 million penthouse in the Customs House building — smashing previous records for Victoria condominiums. The high-end building is to be ready for occupation in early summer of 2020, developer S…
Victoria at Burke Mountain 1221 Rocklin Street Coquitlam 131 three and four bedroom row homes by Mosaic
Mosaic's Victoria, a 131-unit row home project in Coquitlam, is the company's latest project on Burke Mountain.
Mixed-use $250M Capital Park project 355 Menzies Street Victoria begins to rise
A total of 113 homes are expected to be finished in late 2020 or early 2021, McCauley said. Condominiums will be developed in five-storey and four-storey buildings, and seven townhouses are also planned.
Building List Count by City
- Abbotsford - 447
- Agassiz - 28
- Burnaby - 55
- Burnaby East - 77
- Burnaby North - 365
- Burnaby South - 343
- Campbell River - 1
- Chilliwack - 221
- Cloverdale - 193
- Comox Valley - 10
- Coquitlam - 563
- Delta - 10
- Duncan - 41
- Esquimalt - 59
- Gulf Islands - 6
- Harrison Hot Springs - 13
- Harrison Mills - 1
- Hope - 22
- Ladner - 109
- Langford - 156
- Langley - 529
- Maple Ridge - 312
- Mill Bay - 2
- Mission - 65
- New Westminster - 444
- North Delta - 28
- North Island - 2
- North Saanich - 8
- North Surrey - 409
- North Vancouver - 747
- Oak Bay - 44
- Osoyoos - 1
- Parksville / Qualicum - 7
- Penticton - 8
- Pitt Meadows - 75
- Port Alberni - 2
- Port Coquitlam - 266
- Port Moody - 267
- Richmond - 1162
- Saanich East - 232
- Saanich West - 92
- Sardis - 153
- Sidney - 152
- Sooke - 39
- South Surrey White Rock - 713
- Surrey - 662
- Tsawwassen - 97
- Vancouver East - 998
- Vancouver West - 2482
- Victoria - 665
- View Royal - 46
- West Vancouver - 230
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The listing data is deemed reliable but is not guaranteed accurate by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board, Real Estate Board of Greater Vancouver, nor BCCondos.