Around Town: Wage raises increasing
According to the Canadian Federation of Independent Business (CFIB), the unemployment rate in BC is the lowest in Canada, with Construction showing one of the highest vacancy rates. A 5.8 per cent unemployment rate recorded in February ties for the lowest nationwide...
Around Town: Update on BC real estate sales
New sales numbers released by the B.C. Real Estate Association on June 15 suggest measures intended to cool the overheated house market could be working. The Multiple Listing Service recorded a 28.7 per cent drop across the province in May compared to the same month...
Around Town: Single-family benchmark price surpasses $500,000 in May
The benchmark price of a single-family home in the Vancouver Island Real Estate Board (VIREB) area broke the $500,000 mark in May, rising to $507,700, a 17 per cent increase from one year ago. Sales of single-family homes were down 17 per cent from last year but...
Around Town: New Affordable Housing Funding
BC Housing has announced funding opportunities through a Community Housing Fund. The new program is expected to create over 14,000 new residential units across BC over the next 10 years. Projects can be combined with an existing mixed-use site or existing housing if...
Around Town: Real estate prices continue to rise on Vancouver Island
Sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area rose by 20 per cent month over month in April but remained static from one year ago. Demand is still outpacing supply in the VIREB area, particularly in some price ranges. Properties...Get 8 FREE Issues!
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