Housing

Liberal Leader Justin Trudeau makes a campaign stop in Hamilton, Ont., on Tuesday, Aug 24, 2021. THE CANADIAN PRESS/Sean Kilpatrick

Real estate industry worried Liberal housing plan won’t alleviate supply issues

‘It’s like saying, ‘come on in my store it’s 100 per cent off, but I don’t have any inventory’

 

Mobile security gurard Judy Dreger has all she wants in her camper van, with lots of space for her buddies Dexter (left) and Raffi. (Zoe Ducklow/News Staff)

#vanlife not just for influencers, says Colwood security guard

Overnight security plus a place to sleep a win-win for van dweller

 

Saving for a down payment on a Greater Victoria home could take residents close to three decades, according to the latest Housing Affordability Monitor report from the National Bank of Canada. (THE CANADIAN PRESS/Sean Kilpatrick)

Bank says it will take 28 years to save up a down payment for a Greater Victoria home

Study finds home ownership moving further out of reach for residents with average household income

 

New homes are built in a housing construction development in the west end of Ottawa on Thursday, May 6, 2021. Parliament’s budget watchdog says the government is falling short of its aim of vastly expanding Canada’s affordable housing stock despite a spending ramp-up in the hundreds of millions of dollars. THE CANADIAN PRESS/Sean Kilpatrick

Canada’s housing strategy having ‘limited’ impact on housing need, watchdog says

Government is falling short of its aim to vastly expand Canada’s affordable housing stock

New homes are built in a housing construction development in the west end of Ottawa on Thursday, May 6, 2021. Parliament’s budget watchdog says the government is falling short of its aim of vastly expanding Canada’s affordable housing stock despite a spending ramp-up in the hundreds of millions of dollars. THE CANADIAN PRESS/Sean Kilpatrick
Students make a “tiny home” sign with their hands as part of the Tiny Home Challenge at John Paul II Catholic School. (ELENA RARDON / ALBERNI VALLEY NEWS)

Vancouver Island school gets visit from Netflix show hosts for tiny home competition

Pilot Tiny Home elective was offered for Grades 4-7

Students make a “tiny home” sign with their hands as part of the Tiny Home Challenge at John Paul II Catholic School. (ELENA RARDON / ALBERNI VALLEY NEWS)
The Nanaimo skyline. (Black Press Media files)

Looking for a new city to call home? Here are B.C.’s top 5 most affordable urban centres

Ranking considered affordability, economies and growing power for the cities

The Nanaimo skyline. (Black Press Media files)
John Anjo, founder/ director of Dwelltech, poses in front of his newest creation. The YOCTO is a 72 square foot tiny home with all the fixings. (Ronan O’Doherty/ The News)

VIDEO: Maple Ridge company builds remarkably tiny home

Dwelltech founder constructs 72 square foot home as passion project

John Anjo, founder/ director of Dwelltech, poses in front of his newest creation. The YOCTO is a 72 square foot tiny home with all the fixings. (Ronan O’Doherty/ The News)
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
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
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
Blueprints for the seniors housing project in Port Hardy. (North Island Seniors’ Housing Foundation photo)

Port Hardy seniors housing project could be approved any day now

The NISHF has been working on plans for seniors’ housing in Port Hardy for four years

Blueprints for the seniors housing project in Port Hardy. (North Island Seniors’ Housing Foundation photo)
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
Exterior of Highland Manor shows at least one broken window, covered with a blanket. (Zoe Ducklow/News Staff)

Improvements at Highland Manor slow, stuck in red tape

Occupants wondering when things will get better

Exterior of Highland Manor shows at least one broken window, covered with a blanket. (Zoe Ducklow/News Staff)
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 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)
It started with a broken window, and when that wasn’t fixed promptly, people started breaking in and trashed the apartment. The tenant was out of town, as was the building owner (Zoe Ducklow photo)

Infamous Highland Manor sold to Creekside owners

New owners promise to improve living standards in the run-down apartment

It started with a broken window, and when that wasn’t fixed promptly, people started breaking in and trashed the apartment. The tenant was out of town, as was the building owner (Zoe Ducklow photo)
Latoya Wiks is making life as normal as possible for her five kids, but having everyone share one crowded room is stressful. Pictured with baby Tobias and three-year-old Novah. (Zoe Ducklow photo)

Families displaced by fire still looking for housing

The suspicious January fire dispossessed 15 families in Port Hardy

Latoya Wiks is making life as normal as possible for her five kids, but having everyone share one crowded room is stressful. Pictured with baby Tobias and three-year-old Novah. (Zoe Ducklow photo)
Logs are seen in an aerial view stacked at the Interfor sawmill, in Grand Forks, B.C., Saturday, May 12, 2018. An unexpected rebound in wood product prices this month is boosting profits for Canadian forestry companies but leaving homeowners and buyers with the prospect of higher home and renovation costs in 2021. THE CANADIAN PRESS/Darryl Dyck

Wood products pricing surge expected to persist, raising 2021 house, renovation costs

Lumber prices have added as much as $30K to the construction cost of a typical 2,500-square-foot house

Logs are seen in an aerial view stacked at the Interfor sawmill, in Grand Forks, B.C., Saturday, May 12, 2018. An unexpected rebound in wood product prices this month is boosting profits for Canadian forestry companies but leaving homeowners and buyers with the prospect of higher home and renovation costs in 2021. THE CANADIAN PRESS/Darryl Dyck
Houses are seen in an aerial view, in Langley, B.C., on Wednesday, May 16, 2018. A company that supports hundreds of credit unions across Canada predicts British Columbia’s housing market will remain healthy through 2021 as the province moves out of its COVID-19 slump. THE CANADIAN PRESS/Darryl Dyck

B.C. housing market to remain vibrant through the new year: report

The report also forecasts a firmer rental market through 2022 as economic conditions normalize

Houses are seen in an aerial view, in Langley, B.C., on Wednesday, May 16, 2018. A company that supports hundreds of credit unions across Canada predicts British Columbia’s housing market will remain healthy through 2021 as the province moves out of its COVID-19 slump. THE CANADIAN PRESS/Darryl Dyck