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Third-generation landowner wants exemption from speculation tax

Third-generation landowner wants exemption from speculation tax

The third-generation owner of a waterfront property in North Saanich is urging the province to create an exemption under its speculation and vacancy tax for long-term owners such as himself.
Saanich votes to send University Heights plan to public hearing

Saanich votes to send University Heights plan to public hearing

Saanich council has voted to send the redevelopment plan for the University Heights shopping centre to public hearing, but it wants some issues resolved first. Landowner Wesbild Holdings Ltd. hopes to redevelop the southern 2.
Couple faces paying foreign buyer tax for a property they can't visit

Couple faces paying foreign buyer tax for a property they can't visit

A retired Cayman Islands couple is under contract to buy a Victoria condo this fall, but when that happens they will also have to pay $120,000 in foreign buyer tax for a brand-new unit that they can’t visit because borders are closed due to the pande
Movie director James Cameron's Island winery is for sale

Movie director James Cameron's Island winery is for sale

Movie director James Cameron appears to be getting out of the wine-making game as his Beaufort Vineyard and Estate Winery near Courtenay has been put on the market. The 84-acre winery with 12.
$100-million project pitched for 20 acres in Colwood

$100-million project pitched for 20 acres in Colwood

A $100-million development plan for 20 acres on what has been named the Allandale District in Colwood is being jointly developed by Omicron Development Inc. and Lotus Capital Corp. of 91Ô­´´.
Office vacancy rate nudges up in Greater Victoria

Office vacancy rate nudges up in Greater Victoria

Victoria’s office market appears to have been left relatively unscathed by the COVID-19 pandemic, but the vacancy rate is still on the rise as more downtown offices have moved to new digs around the region.
Housing starts on par with last year, with construction focused in West Shore

Housing starts on par with last year, with construction focused in West Shore

The number of new homes started in the capital region is on par with 2019 but it’s the West Shore municipalities where developers are investing their money.
Rental apartments on Cook Street to be named after war pilot

Rental apartments on Cook Street to be named after war pilot

A young Victoria pilot killed in action during the First World War will be honoured as the namesake of a new rental apartment building planned for Cook Street.
Canada’s biggest hotel buyers? B.C. taxpayers

Canada’s biggest hotel buyers? B.C. taxpayers

The British Columbia government was the largest single buyer of hotel properties in Canada during the second quarter, accounting for four of the 12 transactions and more than half the dollar volume. The fact the B.C.
Sandstone development plan a ‘game changer for south Nanaimo’

Sandstone development plan a ‘game changer for south Nanaimo’

The 91Ô­´´ company that owns the 726-acre Sandstone site at the south end of Nanaimo hopes for a public hearing this fall to present a revised vision.