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Real Estate News

Hundreds of millions in commercial real estate deals, despite pandemic

Hundreds of millions in commercial real estate deals, despite pandemic

Despite the pandemic, there were dozens of major commercial real estate deals over the past year in Greater Victoria, worth hundreds of millions of dollars.
Royal Oak 11-storey condo project headed to public hearing, despite opposition

Royal Oak 11-storey condo project headed to public hearing, despite opposition

A controversial proposal to erect an 11-storey condo tower in Royal Oak next to Elk/Beaver Lake Regional Park is going to a public hearing.
Greater Victoria housing market heading into overheated territory, CMHC says

Greater Victoria housing market heading into overheated territory, CMHC says

Victoria’s housing market is stable now, but the region could soon be dealing with price ­acceleration and ­overheating, according to a study released Wednesday by ­sa¹ú¼Ê´«Ã½ Mortgage and Housing ­Corporation.
Victoria council approves redevelopment of Wellburn's Market site

Victoria council approves redevelopment of Wellburn's Market site

Victoria council has approved two new developments — one on the former Wellburn’s Market site and another in the Burnside Gorge neighbourhood — that will add 258 apartments to the city’s supply of rental homes.
No rest in November for real estate market

No rest in November for real estate market

It might not feel like spring, but the Greater Victoria real estate market is sure acting like it, according to numbers released Tuesday by the Victoria Real Estate Board.
Tie vote sinks condo project in Cook Street Village

Tie vote sinks condo project in Cook Street Village

A divided Victoria council has rejected a proposed 48-unit condo development in Cook Street Village for failing to include any affordable housing.
Construction shows signs of rebounding on Island

Construction shows signs of rebounding on Island

Though the pace of building on the Island remains down slightly from 2019 due to the pandemic, it appears to have rebounded in the third quarter of this year, according to figures released Wednesday by the Vancouver Island Construction Association.
Island real estate sales double over last year

Island real estate sales double over last year

Real estate sales in the Vancouver Island Real Estate Board area stretching from Duncan to Port Hardy nearly doubled in October compared with the same period last year.
Home sales stay strong; pent-up demand, low mortgage rates cited

Home sales stay strong; pent-up demand, low mortgage rates cited

Greater Victoria saw a record 990 property sales in October, nearly a 60 per cent increase compared with the same month in 2019, and a slight increase over the 989 sales recorded last month, the Victoria Real Estate Board said Monday.
Condo Smarts: Always request insurance information before buying

Condo Smarts: Always request insurance information before buying

Dear Tony: I purchased a 12-year-old strata unit in Vancouver on Oct. 15. My offer was submitted Sept.