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Residents ask sa¹ú¼Ê´«Ã½ court to review Saanich’s approval of Cordova Bay development

Residents ask sa¹ú¼Ê´«Ã½ court to review Saanich’s approval of Cordova Bay development

Saanich residents frustrated with council’s approval of a four-storey condo-retail development in Cordova Bay are seeking a judicial review in sa¹ú¼Ê´«Ã½ Supreme Court. Council voted 8-1 on Jan.
Uncertainty about whether $90M is enough to build 2,010 rental units

Uncertainty about whether $90M is enough to build 2,010 rental units

Will a $90-million affordable housing initiative by federal, provincial and regional governments actually create 2,010 rental units in Greater Victoria over the next four years? Casey Edge, executive director of the Victoria Residential Builders Asso
Overspending on rent has become the ‘new normal’

Overspending on rent has become the ‘new normal’

More Victoria renters spending above acceptable threshold of income on housing than national average
86% of British Columbians want to curb foreign and speculative investment

86% of British Columbians want to curb foreign and speculative investment

Six in 10 survey respondents think it’s time to consider a foreign buyer ban on sa¹ú¼Ê´«Ã½ real estate
Millennials driving sa¹ú¼Ê´«Ã½â€™s hot real estate market

Millennials driving sa¹ú¼Ê´«Ã½â€™s hot real estate market

Despite high prices, six in 10 Canadian millennials already own a home
Victoria council approves Truth Centre residential development

Victoria council approves Truth Centre residential development

Victoria council has approved Abstract Development’s plans to transform the former Fort Street Truth Centre, 1201 Fort St., into an 83-unit residential development.
Greater Victoria real estate sales fall as prices climb

Greater Victoria real estate sales fall as prices climb

It’s been a slow start to the traditionally busy spring real estate season — but the homes that are selling are going for higher prices, according to the latest data from the Victoria Real Estate Board.
Buyers, be warned: fixed mortgage rates going up at Big Banks

Buyers, be warned: fixed mortgage rates going up at Big Banks

CIBC announced Tuesday (May 1) that it would be following TD Bank and RBC’s recent moves in raising its fixed mortgage rates, with a 15 basis-point increase taking its five-year fixed rate to 5.14 per cent.
Home prices are not really dropping: Desjardins

Home prices are not really dropping: Desjardins

Average (but not benchmark) home prices have seen a recent decline in regions across sa¹ú¼Ê´«Ã½ – a fact that is cheered by many hoping for better affordability.
First-timers plagued by fears over home-buying process

First-timers plagued by fears over home-buying process

More than seven in 10 Canadian first-time home buyers (71 per cent) are afraid that they’ll be hit by unanticipated costs during the process, according to a new survey by TD Bank.