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Real Estate News

Victoria council approves redevelopment of Wellburn's Market site

Victoria council approves redevelopment of Wellburn's Market site

Victoria council has approved two new developments — one on the former Wellburn’s Market site and another in the Burnside Gorge neighbourhood — that will add 258 apartments to the city’s supply of rental homes.
No rest in November for real estate market

No rest in November for real estate market

It might not feel like spring, but the Greater Victoria real estate market is sure acting like it, according to numbers released Tuesday by the Victoria Real Estate Board.
Tie vote sinks condo project in Cook Street Village

Tie vote sinks condo project in Cook Street Village

A divided Victoria council has rejected a proposed 48-unit condo development in Cook Street Village for failing to include any affordable housing.
Construction shows signs of rebounding on Island

Construction shows signs of rebounding on Island

Though the pace of building on the Island remains down slightly from 2019 due to the pandemic, it appears to have rebounded in the third quarter of this year, according to figures released Wednesday by the 91Ô­´´ Island Construction Association.
Island real estate sales double over last year

Island real estate sales double over last year

Real estate sales in the 91Ô­´´ Island Real Estate Board area stretching from Duncan to Port Hardy nearly doubled in October compared with the same period last year.
Home sales stay strong; pent-up demand, low mortgage rates cited

Home sales stay strong; pent-up demand, low mortgage rates cited

Greater Victoria saw a record 990 property sales in October, nearly a 60 per cent increase compared with the same month in 2019, and a slight increase over the 989 sales recorded last month, the Victoria Real Estate Board said Monday.
Condo Smarts: Always request insurance information before buying

Condo Smarts: Always request insurance information before buying

Dear Tony: I purchased a 12-year-old strata unit in 91Ô­´´ on Oct. 15. My offer was submitted Sept.
North Quadra project raises concerns over loss of Garry oaks

North Quadra project raises concerns over loss of Garry oaks

Neighbours of a proposed nine-home development off the north end of Quadra Street are calling on Saanich to rescind subdivision approval to save an established Garry oak ecosystem on the largely undeveloped property.
New rental housing development coming to Victoria's Old Town

New rental housing development coming to Victoria's Old Town

A $64-million building with 274 units of rental housing above ground-floor commercial space is planned on 1.5 acres at the north end of Victoria’s Old Town. “I like mixed-use projects.
Site of fire-damaged store could be turned into residential rental building

Site of fire-damaged store could be turned into residential rental building

A mixed-use development could rise in two years from the ashes of Island Outfitters’ former Douglas Street location.