Housing

Credit cards are displayed in Montreal, Wednesday, Dec. 12, 2012. Equifax says the debt profile of Canadians has changed throughout the pandemic, with mortgages accounting for a larger portion of people’s debt. THE CANADIAN PRESS/Ryan Remiorz

Consumer debt driven by new mortgages, but credit card debt at six-year low

Potential exists that first-time homebuyers are starting to get priced out of the market

Credit cards are displayed in Montreal, Wednesday, Dec. 12, 2012. Equifax says the debt profile of Canadians has changed throughout the pandemic, with mortgages accounting for a larger portion of people’s debt. THE CANADIAN PRESS/Ryan Remiorz
A construction crew puts finishing touches on the exterior of the Lu’ma Native Housing Society residential building at 342 Wale Rd. in Colwood. (Don Descoteau/News Staff)

Moving day finally here for Indigenous affordable housing project in Colwood

Rents for all 124 units of Wale Road building based on income

A construction crew puts finishing touches on the exterior of the Lu’ma Native Housing Society residential building at 342 Wale Rd. in Colwood. (Don Descoteau/News Staff)
(Black Press Media file photo)
(Black Press Media file photo)
The RBC Royal Bank of Canada logo is seen in Halifax on Tuesday, April 2, 2019. THE CANADIAN PRESS/Andrew Vaughan

RBC CEO wants policy-makers to tackle lack of housing supply pushing up prices

New mortgage stress rules come into effect on June 1

The RBC Royal Bank of Canada logo is seen in Halifax on Tuesday, April 2, 2019. THE CANADIAN PRESS/Andrew Vaughan
The apartments at 342 Wale Rd. are almost ready for their first occupants. (Zoe Ducklow/News Staff)

Indigenous housing building in Colwood almost ready for occupancy

124 apartments for Indigenous families close to Galloping Goose, transit, shopping

The apartments at 342 Wale Rd. are almost ready for their first occupants. (Zoe Ducklow/News Staff)
Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada warns of rising risks from household debt, and a hot housing market

Many households have taken on large mortgages compared with their income

Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick
A seniors housing complex proposed for Cedar Hill Road in Saanich was supported by council after a public hearing on May 12. (Rendering by Jenson Group Architects)

New 85-unit seniors housing development gets green light from Saanich council

Four-storey rental complex would be located on Cedar Hill Road

A seniors housing complex proposed for Cedar Hill Road in Saanich was supported by council after a public hearing on May 12. (Rendering by Jenson Group Architects)
One of the grand prizes for this year's Hometown Heroes Lottery includes a seaside home at SookePoint, $1.5 million, and an Audi Quattro. (Photo courtesy of Hometown Heroes)

SookePoint snags two more building awards

Luxury development in Sooke recognized for building excellence

One of the grand prizes for this year's Hometown Heroes Lottery includes a seaside home at SookePoint, $1.5 million, and an Audi Quattro. (Photo courtesy of Hometown Heroes)
New homes are built in a housing construction development in the west end of Ottawa on Thursday, May 6, 2021. NDP Leader Jagmeet Singh is pledging a hefty foreign home buyers’ tax and “massive” investment in housing to chill a white-hot real estate market.THE CANADIAN PRESS/Sean Kilpatrick

NDP promises foreign buyers’ tax, half a million new homes to cool housing market

Market watchers say a countrywide tax on non-resident homebuyers amounts to a ham-fisted approach

New homes are built in a housing construction development in the west end of Ottawa on Thursday, May 6, 2021. NDP Leader Jagmeet Singh is pledging a hefty foreign home buyers’ tax and “massive” investment in housing to chill a white-hot real estate market.THE CANADIAN PRESS/Sean Kilpatrick
A new home is built in a housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Annual pace of housing starts posts 21.6 per cent increase in March

CMHC says the six-month moving average of the monthly seasonally adjusted annual rates was 273,664 in March

A new home is built in a housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick
Belmont

A progressive development in a desirable community – what more could you ask for?

Making homeownership easy as 1-2-3, literally!

  • Apr 12, 2021
Belmont
Per a 2020 Housing Needs Report, the District of Saanich’s housing market isn’t accessible to most residents and the current housing supply doesn’t meet the diverse needs of the community. (Derek Ford/District of Saanich)

Saanich calls for public input on housing task force recommendations

Report lists 74 recommendations to address district’s housing crisis

Per a 2020 Housing Needs Report, the District of Saanich’s housing market isn’t accessible to most residents and the current housing supply doesn’t meet the diverse needs of the community. (Derek Ford/District of Saanich)
A young family watches a video welcome to the community and their new home this week, a Habitat Victoria townhouse complex in Saanich. (Courtesy Habitat Victoria)

Newest Habitat Victoria homeowners move into Saanich townhouse

Young family had been saving for down payment on a home since renoviction

A young family watches a video welcome to the community and their new home this week, a Habitat Victoria townhouse complex in Saanich. (Courtesy Habitat Victoria)
A rendering shows the view of the proposed 59-unit condo building on Raymond Street South. (Image via Koka Architecture and Design Inc.)

Controversial condos rejected by Saanich council in tight vote

Raymond Street South proposal opposed by residents wanting to preserve public assembly zoning

A rendering shows the view of the proposed 59-unit condo building on Raymond Street South. (Image via Koka Architecture and Design Inc.)
Saanich Coun. Zac de Vries checks in on the new student housing development on the University of Victoria campus. (Devon Bidal/News Staff)

Saanich task force proposes more than 70 recommendations to address housing crisis

Housing Strategy task force report comes to council March 22

Saanich Coun. Zac de Vries checks in on the new student housing development on the University of Victoria campus. (Devon Bidal/News Staff)
(Black Press Media file photo)

Sparks fly as Saanich council postpones implementation of new Cordova Bay local area plan

Some felt plan needed more consideration, others argued delaying breached public trust

(Black Press Media file photo)
Older rental apartments are prime candidates for renovations, and could result in lost affordable housing stock. (Zoë Ducklow photo)

B.C.’s renoviction overhaul a good start, but won’t preserve affordable stock, lawyer says

And still no protection for people who can’t pay rent due to COVID-19

Older rental apartments are prime candidates for renovations, and could result in lost affordable housing stock. (Zoë Ducklow photo)
The challenging rental accommodation market in Greater Victoria, combined with the effects of the pandemic, leaves some renters on the edge of losing stable housing. A new rent bank program aims to help provide a buffer for those facing short-term cash flow shortages. (Courtesy Victoria Foundation)

Financial help on its way for at-risk Greater Victoria renters

Community Social Planning Council leads way on program offering interest-free, short-term loans

The challenging rental accommodation market in Greater Victoria, combined with the effects of the pandemic, leaves some renters on the edge of losing stable housing. A new rent bank program aims to help provide a buffer for those facing short-term cash flow shortages. (Courtesy Victoria Foundation)
Premier John Horgan looks on during a press conference at Legislature in Victoria, B.C., on Monday, February 23, 2020. THE CANADIAN PRESS/Chad Hipolito

New affordable rental housing coming to Sooke

Construction of units already underway or starting soon

Premier John Horgan looks on during a press conference at Legislature in Victoria, B.C., on Monday, February 23, 2020. THE CANADIAN PRESS/Chad Hipolito
The Cowichan Valley will need an additional 5,000 housing units by 2025 to keep up with demand, according to a new report. (File photo)

Cowichan simply doesn’t have enough homes for growing population

5,000 new housing units needed by 2025 according to CVRD report

The Cowichan Valley will need an additional 5,000 housing units by 2025 to keep up with demand, according to a new report. (File photo)