91Ô­´´

A proposal to build two apartment buildings with a daycare and outdoor plaza on the playing field behind the former Burnside Elementary School took a step forward Thursday.

A six-storey building with 407 rental units and close to 20,000 square feet of ground-floor commercial space is being proposed for the southwest corner of McKenzie Avenue and Shelbourne Street in Saanich.

Homebuilding in Greater Victoria isn’t taking much of a break during the pandemic, according to year-end figures released Monday by Canada Mortgage and Housing Corporation.

High demand for real estate on 91Ô­´´ Island has resulted in record-low levels of available homes, according to year-end numbers from the 91Ô­´´ Island Real Estate Board.

A lack of housing inventory, which has been a problem for Greater Victoria for years, will continue to shape the real estate market through 2021 according to the departing president of the Victoria Real Estate Board.

The Top 10 home values in capital region municipalities. Victoria 1. 1851 Crescent Rd. — $4,234,000 2. 1322 Rockland Ave. — $4,079,000 3. 1544 Montgomery Ave. — $3,577,000 4. 1843 Crescent Rd. — $3,514,000 5. 1525 Shasta Pl. — $3,491,000 6.

Strong demand for real estate in Greater Victoria over the past year means property owners on the Island are likely to see increases of as much as 10 per cent in their annual property assessments, which should start hitting Island mailboxes this week

Despite the pandemic, there were dozens of major commercial real estate deals over the past year in Greater Victoria, worth hundreds of millions of dollars.

A controversial proposal to erect an 11-storey condo tower in Royal Oak next to Elk/Beaver Lake Regional Park is going to a public hearing.

Victoria’s housing market is stable now, but the region could soon be dealing with price ­acceleration and ­overheating, according to a study released Wednesday by ­Canada Mortgage and Housing ­Corporation.