Inflation, higher interest rates deflate home sales in Greater Victoria – Saanich News

VREB president Karen Dinnie-Smyth said the figures point to what she called a “gradual softening” of the market. This trend offers confirmation of predictions by local real estate market analyst Leo Spalteholz. Dinnie-Smyth offers a comparable assessment. The benchmark price for a condo in Greater Vancouver was $643,000 in April, up from $631,000 in March […]

Cities in Western Canada consider gondolas as part of transit, tourism plans – Saanich News

It crosses the Red Deer River,” said Jeffrey Hansen-Carlson, president of Prairie Sky Gondolas, which has said it would invest $25 -million in the project. Prairie Sky also wants to string cable cars across the North Saskatchewan River between downtown Edmonton and Whyte Avenue, a popular street with bars, restaurants and stores. “Five years ago, […]

Kevin Falcon takes Vancouver by-election for seat in BC legislature – Saanich News

Liberal leader Andrew Wilkinson resigned his Vancouver-Quilchena seat shortly after Falcon won the leadership of the party in early February, and Premier John Horgan called the by-election to allow the seat to be filled before the spring session of the B.C. election, after placing second in a leadership contest to former premier Christy Clark in […]

Data project blames short-term rentals for strangling Victoria’s housing market – Saanich News

“The picture is very similar to many cities around the world,” said founder Murray Cox from New York. The listings for entire homes nearly comprise the 2,900 additional units required in the City of Victoria between 2020 and 2025 to fill growing housing demand, according to the Capital Regional District’s housing needs assessment for the […]