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Real Estate News

Starlight breaks ground for 235 rental units in Central Saanich

Starlight breaks ground for 235 rental units in Central Saanich

Homes to be spread across a pair of six-storey buildings that are expected to take two years to complete
B.C. real estate: Housing sales tumbled 50 per cent in November as prices decline in some areas

B.C. real estate: Housing sales tumbled 50 per cent in November as prices decline in some areas

Some areas also saw average home prices drop significantly compared to this time last year.
Strata owners worried over end of rental restrictions

Strata owners worried over end of rental restrictions

Moves could have unintended consequences — without boosting affordable housing, say condo owners.
Property assessments expected to rise despite real estate cooling off

Property assessments expected to rise despite real estate cooling off

B.C. Assessment warns property owners to be prepared for a five to 15 per cent jump in their annual property assessments, since they’re based on values before the market cooled
Capital region home sales slow down in November

Capital region home sales slow down in November

Sale prices for the region’s homes shifted last month, but depending on which measure you prefer, it either increased or decreased.
Victoria builders unfazed by housing market headwinds

Victoria builders unfazed by housing market headwinds

Economic forecasters and analysts may be watching housing starts to get a sense of where the 91Ô­´´ economy is heading, but they’re probably not watching the poker faces of homebuilders in this region for clues.
Housing starts picking up in Greater Victoria

Housing starts picking up in Greater Victoria

The capital region tallied 604 starts in October, up from 337 in October 2021, Canada Mortgage and Housing Corp. said in its monthly report released Wednesday
For first time in months, Greater Victoria real estate sales have gone up

For first time in months, Greater Victoria real estate sales have gone up

The number of month-over-month sales increased in October — an uptick real estate agents could feel happening says the president of the Greater Victoria Real Estate Board.
What British Columbians can expect after the interest rate hike

What British Columbians can expect after the interest rate hike

Data shows 47 per cent of 91Ô­´´s are expecting to delay a real estate transaction or major purchase in the next 12 months.
Tight rental market could get tighter as rising costs discourage new building construction

Tight rental market could get tighter as rising costs discourage new building construction

New rental units coming onstream will have difficulty keeping up with demand, which has increased as those who are able to work remotely flock from larger centres to Victoria