Real Estate News

B.C. government should maintain current allowable annual rent increase, says LandlordBC

Greater Victoria’s real estate market is changing as several factors create new scenarios for sellers and buyers.

Home sales in Victoria and across the Island may be soft so far this year compared with the last couple of years, but this won’t be enough to bring average prices down, according to a forecast by the British Columbia Real Estate Association (BCREA).

To help the B.C. government improve the Residential Tenancy Act, the newly appointed Rental Housing Task Force will be touring the province in search of answers to the rental crisis, the group announced May 28.

Amenity-rich buildings aimed at growing number of deep-pocketed residents who prefer to rent rather than buy

Perhaps to the surprise of many, the majority of adult Canadians between the ages of 23 and 38 have already bought a home, according to study from Genworth Canada.

Campaign by B.C. real estate board offers tips to home owners and potential buyers

Local development partners Fraser McColl and Dan Robbins are planning to spend at least $9 million to buy Sidney’s old fire hall and an adjacent parking lot.

Almost two-thirds of those who pay the new housing speculation tax will be British Columbians, Finance Minister Carole James admitted Wednesday. B.C. residents who own several homes will be disproportionally hit.

Greater Victoria is on top of the world when it comes to the “hottest” housing markets around the globe, according to Christie’s International Real Estate.