Housing

The Regional District of Nanaimo board received a report this week showing the RDN made progress toward several goals in its regional growth strategy, but regressed in its goal to improve housing affordability. (File photo)

Housing affordability isn’t keeping up with Regional District of Nanaimo’s growth

RDN reports it’s making progress on most of the targets in its regional growth strategy

 

The downtown Vancouver skyline is seen at sunset, as houses line a hillside in Burnaby, B.C., on Saturday, April 17, 2021. Home sales across Metro Vancouver remained well above the 10-year average in September, but the Real Estate Board of Greater Vancouver says prices haven’t climbed as sharply. THE CANADIAN PRESS/Darryl Dyck

Home demand still outstrips supply in Metro Vancouver but price hikes slow: report

Composite benchmark price for all residential properties in Metro Vancouver just under $1.2 million

 

A new seniors housing facility is planned for the former Alberni District Secondary School site on Anderson Ave. (SUBMITTED PHOTO)

‘Shovel-ready’ non-profit seniors’ housing coming to Port Alberni

Vancouver Resource Society purchases 2.5-acre lot from District Group

 

Kamal Sanghera of San Group of Companies discusses the concept behind the billion-dollar Pacific Mayfair Estates with Port Alberni mayor Sharie Minions on Thursday, Aug. 26, 2021. The company announced plans for the housing development in their new Port Alberni headquarters. (SUSAN QUINN/ Alberni Valley News)

San Group unveils $1.1-billion housing plan for Port Alberni

Master planned community includes environmentally sensitive area

Kamal Sanghera of San Group of Companies discusses the concept behind the billion-dollar Pacific Mayfair Estates with Port Alberni mayor Sharie Minions on Thursday, Aug. 26, 2021. The company announced plans for the housing development in their new Port Alberni headquarters. (SUSAN QUINN/ Alberni Valley News)
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’

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

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)
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

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)
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
There is plenty of construction currently going on within the Regional District of Nanaimo. (PQB News file photo)

Nanoose Bay man says Regional District of Nanaimo’s building permit process too slow

RDN hires two new staff members to help speed up processing

There is plenty of construction currently going on within the Regional District of Nanaimo. (PQB News file photo)
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 Jones Street site for a temporary dry recovery housing project in Qualicum Beach. (Town of Qualicum Beach photo)
The Jones Street site for a temporary dry recovery housing project in Qualicum Beach. (Town of Qualicum Beach photo)
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
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
The Town of Qualicum Beach plans to establish temporary shelters. (Town of Qualicum Beach illustration)

Town of Qualicum Beach seeks $1.25M grant to build temporary housing units

Aim is to move tenants in prior to the end of 2021

The Town of Qualicum Beach plans to establish temporary shelters. (Town of Qualicum Beach illustration)
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
(PQB News file photo)

Qualicum Beach’s proposed temporary cold-weather shelter plan rebuffed

BC Housing notifies town airport land cannot be used

(PQB News file photo)