British Columbia

Following October’s slight uptick, November’s transactions are hit with double-whammy of cooling market and slower season

Costs of servicing are going up, says city’s finance GM, which means cost to build new homes must rise too

For 12 consecutive months now, monthly real estate sales in Greater Victoria have dropped compared to the same month the year before. A total of 498 properties changed hands through the Victoria Real Estate Board in November — down by 25.

More high-density housing could soon be coming along 72nd Avenue in North Delta

Beaches, windsports areas, non-motorized boat launch are among the highlights

Nearby residents are concerned the new development will diminish open space, light and increase density to a level unsupported by current infrastructure

The overall vacancy rate in the capital region is now at 1.2 per cent, up from 0.7 per cent a year ago

Median price is up 26.5 per cent from a year ago, nearly twice the increase of detached home prices

Residential vacancy rate loosens from 0.9 to 1.0 per cent, but average rent is up 6.2 per cent from last year, reports CMHC

Revenue per available room (RevPAR) is up 11.6 per cent this year, shocking lodging market analyst