In the News

Build Canada Homes: What Mark Carney’s Housing Plan Means for Victoria, BC

Posted on Oct 11, 2025 in In the News

Victoria, BC, has long struggled with skyrocketing home prices, limited supply, and rising rents — challenges shared across Canada. To tackle this crisis, the Carney government has launched Build Canada Homes (BCH), a major federal housing initiative designed to make homes more affordable and increase housing supply at record speed.

What Is Build Ca...

Cost of Living and Housing Affordability in Victoria: A Comprehensive Comparison

Posted on Apr 01, 2025 in In the News

Victoria, British Columbia, is known for its picturesque landscapes, mild climate, and thriving arts and culture scene. However, like many desirable cities, its popularity comes with a higher cost of living. Whether you’re looking to buy a home or rent in this vibrant city, understanding the costs associated with both options is crucial for making...

The Facts on the NAR® Settlement and changes for future realtors

Posted on May 14, 2024 in In the News

The real estate landscape has been abuzz with discussions surrounding commissions, particularly since the National Association of REALTORS® (NAR) announced a settlement agreement aimed at addressing litigation concerning broker commissions on behalf of home sellers. Amidst this backdrop, brokers, agents, and consumers alike are grappling with uncer...

Bank of Canada Raises Mortgage Rates

Posted on Mar 06, 2022 in In the News

On March 2 2022, the Bank of Canada increased its Overnight Lending Rate by 25 basis points, the first increase we’ve seen since the start of the pandemic.

The Central Bank had previously slashed the trend-setting rate by 150 basis points to support the economy, when the pandemic first started, bringing rates down to a historical low. However, with...

Sooke's First Modular Affordable Housing

Posted on Feb 20, 2022 in In the News

Nearly completed and long awaited, this beautiful complex built by NRB Modular Solutions boasts a 4 storey, 75 unit project located at 2170 Charters Road is the first example of modular methods where the homes are guilt off site.

Sooke BC modular homes project - NRB modular solutions

This project began construction last February 2021. The project is in a partnership between the M’akola Housing Society...

Property Taxes in BC

Posted on Feb 09, 2022 in In the News

In British Columbia you can expect property and home ownership taxes to be extraordinary, since housing inequality is an accute phenomenon here on the West Coast. From basic property taxes, to Property Transfer tax when you purchase a home, or GST on new builds, you can also expect additional taxes for luxury homes over $3 million, taxes for foreig...

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