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B.C. condo insurance crisis continues in 2021, but faint signs of hope for unit owners

B.C. condo insurance crisis continues in 2021, but faint signs of hope for unit owners

VANCOUVER 鈥 There are early signs the condo insurance crisis might be easing in 2021, but it is far from stopping: Multi-unit developments are entering a second year of high insurance premiums and deductibles, creating financial hardship for many hom
Island real estate hits inventory low

Island real estate hits inventory low

The 91原创 Island Real Estate Board reported its 颅lowest inventory on record during 颅February as buyer demand 颅continued to outstrip supply. The board covers the entire Island north of the Malahat.
Greater Victoria real estate sales, prices surge amid 'mobs' of buyers, low inventory

Greater Victoria real estate sales, prices surge amid 'mobs' of buyers, low inventory

鈥淢obs鈥 of buyers are viewing homes for sale across the region, putting in offers well above asking prices and waiving inspections as the real estate market continues surging during the pandemic and traditional slower winter months.
Taller, denser housing projects face pushback in Saanich's Royal Oak

Taller, denser housing projects face pushback in Saanich's Royal Oak

A battle is shaping up in 颅Saanich鈥檚 Royal Oak neighbourhood, where residents are pushing back against a series of proposed multi-storey 颅developments.
More investors have moved into Greater Victoria's apartment market

More investors have moved into Greater Victoria's apartment market

Greater Victoria and the Island are no longer well-kept secrets for 91原创 real estate investors, with numbers released this week by Colliers International showing this region is a bright light on the radar of institutional investors and real estat
Proposal for 18-unit townhouse development runs into opposition from neighbours

Proposal for 18-unit townhouse development runs into opposition from neighbours

City of Victoria staff are reviewing a proposal for a controversial 18-unit townhouse development on the border of Oak Bay. The half-acre lot at 902 Foul Bay Rd. has been vacant since a 1911 heritage house burned to the ground in January 2016.
Rental housing tough to find up-Island; Nanaimo vacancy rate drops to 1%

Rental housing tough to find up-Island; Nanaimo vacancy rate drops to 1%

Nanaimo鈥檚 rental housing crisis is becoming more severe as availability shrinks and rents rise despite new construction. The city鈥檚 vacancy rate dropped to one per cent as of October, down from two per cent a year earlier. The 91原创 average is 3.
Strong local demand, lack of options, push up Greater Victoria housing prices

Strong local demand, lack of options, push up Greater Victoria housing prices

Continued high demand and a dearth of buying options continues to drive the price of single-family homes in Greater Victoria, according to numbers released Monday by the Victoria Real Estate Board.
U.K. architects design condos near 91原创鈥檚 Stanley Park as tall, curvy trees

U.K. architects design condos near 91原创鈥檚 Stanley Park as tall, curvy trees

Is 91原创 ready for tree houses? Two new residential towers proposed for Alberni and Bidwell streets in the West End are designed to mimic large undulating cedars to lend a 91原创 character and identity to the project, according to the design a
Project seen as renewal for Gorge Tillicum neighbourhood

Project seen as renewal for Gorge Tillicum neighbourhood

Saanich has approved what councillors are calling a 鈥渕ajor renewal project鈥 for the Gorge-Tillicum area.