Housing Market

The yellow zones currently only allow for single-family dwellings. The missing middle initiative looks to change that. The proposal will now go before the next mayor and council. (Courtesy of the City of Victoria)

Victoria passes missing middle housing policy to next council

Two-part public hearing ran for more than 12 hours

 

Less than one per cent of houses listed in B.C. cities as of the first week of May 2022 are priced below $200,000, according to real estate search portal Point2. (Black Press Media file photo)

Needle in a haystack: 3 homes listed for less than $200,000 in Greater Victoria

Less than 1% of homes in B.C. cities listed below $200,000, international real estate portal finds

 

Less than one percent of houses listed in B.C. cities as of the first week of May 2022 are priced below $200,000, according to real estate search portal Point2. THE CANADIAN PRESS/Jeff McIntosh

Needle in a haystack: Less than 1% of homes in B.C. cities listed below $200,000

Zero homes under $200,000 exist in nine B.C. cities, international real estate portal finds

 

Tony Zarsadias, CEO of Island Realm Real Estate, said there has been a trend during the pandemic of more young homebuyers shopping on Vancouver Island than expected. (Courtesy of Tony Zarsadias)

Young homebuyers taking a surprising share of Vancouver Island’s market

Boomers downsizing, helping their children enter the market

Tony Zarsadias, CEO of Island Realm Real Estate, said there has been a trend during the pandemic of more young homebuyers shopping on Vancouver Island than expected. (Courtesy of Tony Zarsadias)
Metro Vancouver real estate agents say the frenzy on house sales is slowing, but it doesn’t necessarily mean the price tag will drop. (Black Press Media file photo)

Metro Vancouver experts weigh in as RBC predicts cooling of B.C. housing market

Buyer frenzy beginning to slow, but sales still steady, real estate agents say

Metro Vancouver real estate agents say the frenzy on house sales is slowing, but it doesn’t necessarily mean the price tag will drop. (Black Press Media file photo)
letter to the editr

LETTER: High cost of housing affecting Sidney, like all towns and cities

Much has been written over the years about homeless people and it…

  • Apr 15, 2022
letter to the editr
A real estate sign (Jonathan Hayward/Canadian Press)

Mixed reviews on B.C.’s attempt to ‘cool off’ housing market by giving buyers more assurances

Despite allowing buyers time to rescind their offer, it must be balanced to protect sellers: experts

A real estate sign (Jonathan Hayward/Canadian Press)
Rendering of the proposed residential and commercial building on the existing site of the Northern Junk buildings at 1314 and 1318 Wharf St. Victoria council will consider the proposal after a public hearing this Thursday (July 29). (Courtesy City of Victoria)

Developer brings eighth proposal for Northern Junk buildings to Victoria council

Public hearing for new rental building goes Thursday; 19th-century warehouses would be added onto

Rendering of the proposed residential and commercial building on the existing site of the Northern Junk buildings at 1314 and 1318 Wharf St. Victoria council will consider the proposal after a public hearing this Thursday (July 29). (Courtesy City of Victoria)
City councillors at a governance and priorities committee meeting voted to have staff compile a report on easing restrictions on using recreational vehicles as permanent dwellings as way to help ease affordable housing shortage. (News Bulletin file photo)

Nanaimo city councillors ask for report on ways to allow RVs as permanent dwellings

Governance and priorities committee directive in response to Nanaimo’s affordable housing shortage

City councillors at a governance and priorities committee meeting voted to have staff compile a report on easing restrictions on using recreational vehicles as permanent dwellings as way to help ease affordable housing shortage. (News Bulletin file photo)
A real estate sign is pictured in Vancouver, B.C. THE CANADIAN PRESS Jonathan Hayward

1 in 3 young Canadians have given up on owning a home: poll

Data released Monday says 36% of adults younger than 40 have given up on home ownership entirely

A real estate sign is pictured in Vancouver, B.C. THE CANADIAN PRESS Jonathan Hayward
Although 533 properties were sold in Sooke in 2020, there has been a low inventory in the market since the summer months. (Black Press Media file photo)

Sooke has ‘virtually no inventory’, according to real estate agents

Just over 100 active listings, around 40 per cent as vacant land

Although 533 properties were sold in Sooke in 2020, there has been a low inventory in the market since the summer months. (Black Press Media file photo)
Greater Victoria real estate sales continued on an upward trajectory in November. (Black Press Media file photo)

Greater Victoria home sales surge even as prices soar and volume drops

The average price of a Greater Victoria home in November was $1.1 million

Greater Victoria real estate sales continued on an upward trajectory in November. (Black Press Media file photo)
Townhome sales at Heron View have surged in recent months as the impacts of COVID-19 leave homebuyers with a renewed appetite for semi-rural and small-town real estate offerings. The housing development is entering its second-to-last phase of construction. (Kevin Laird - Sooke News Mirror)

Sooke housing development sees fast sales during pandemic

Success at Heron View is duplicated in other areas of the real estate industry

Townhome sales at Heron View have surged in recent months as the impacts of COVID-19 leave homebuyers with a renewed appetite for semi-rural and small-town real estate offerings. The housing development is entering its second-to-last phase of construction. (Kevin Laird - Sooke News Mirror)
The fear of selling a century-old home in B.C.

The fear of selling a century-old home in B.C.

Homeowner worries a piece of Abbotsford’s heritage will be lost if lot is redeveloped

The fear of selling a century-old home in B.C.
Victoria mandates 20 per cent of large new housing developments be affordable

Victoria mandates 20 per cent of large new housing developments be affordable

After years of back and forth, inclusionary housing policy will be ratified in two weeks

Victoria mandates 20 per cent of large new housing developments be affordable