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Lack of housing supply drives up prices, slows sales in August

Lack of housing supply drives up prices, slows sales in August

A lack of supply slowed the housing market in August and drove prices up again in the region, according to numbers released Wednesday by the Victoria Real Estate Board.
2,800-home project proposed for Port Alberni

2,800-home project proposed for Port Alberni

The San Group of Companies has unveiled a plan for 2,800 new homes in a mix of housing types on 73 acres in Port Alberni. The site will have an estimated value of close to $1 billion once it is built out.
Multi-building proposal pitched for Capital Iron area; could include a new art gallery

Multi-building proposal pitched for Capital Iron area; could include a new art gallery

Reliance Properties, the developer behind the recently approved Northern Junk project, is reimagining 6.7 acres of Victoria鈥檚 downtown in what would be one of the biggest developments in the city.
Tight real estate inventory and lower sales in the capital region in July

Tight real estate inventory and lower sales in the capital region in July

A shrinking number of properties for sale in Greater Victoria is translating into fewer sales, despite strong demand.
Victoria exploring ways to encourage construction of townhouses, duplexes

Victoria exploring ways to encourage construction of townhouses, duplexes

Victoria is exploring ways to address a lack of housing options that city staff and builders say is driving young families out of the city.
Fairy Creek online fundraiser frozen; group moves to new platform

Fairy Creek online fundraiser frozen; group moves to new platform

A group fundraising to 颅support efforts to stop logging of old-growth trees on southwest Vancouver Island has moved to a new platform after having its funds frozen for a second time.
Cook Street Village condo project moving forward

Cook Street Village condo project moving forward

A proposed condo development in Cook Street Village that was rejected by Victoria council last year is moving forward after a public hearing.
Harris Green tower project must increase affordable units to move forward

Harris Green tower project must increase affordable units to move forward

One of the largest development projects Victoria has seen in years must boost affordable-housing units and meet several other conditions before it can move to a public hearing.
Real estate market hot despite COVID rules

Real estate market hot despite COVID rules

Victoria鈥檚 red-hot real estate market is unlikely to see much change with the introduction of more relaxed pandemic health guidelines.
New record set for highest house price in capital region

New record set for highest house price in capital region

The $12-million sale of a home on 67 acres of Metchosin waterfront has set a new record for the highest selling price for a house through the Victoria Real Estate Board鈥檚 Multiple Listing Service. It topples the record of $10.