102 residential units approved for Shelbourne @ Stockton

Tri-eagle Developments, an experienced local builder of residential and commercial properties has recently received third and final reading for its next project. The site – 4 lot assembly Civic Address: 3914 Shelbourne St, 1540/1546/1550 Stockton Cres.Site area: 4,247 square metres or ~45,714 sqftExisting use: Office building (DFH Real Estate) and 3 single family detached The […]
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76 rental units approved at former gas station site.

NVision Properties, a division of Abstract properties, has received second and third reading for their re-developement of former Shell gas station at the SE corner of Shelbourne St & Mckenzie Ave. The rezone from C-8 (service station) to C-2BW (Commercial-Apartment) was granted on March 9, 2020 from Saanich City Council. This C-2BW zone is the […]
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Declare your speculation & vacancy tax exemption by March 31, 2020

This tax is an annual tax that applies based on: How property owners use their residential property The property owner’s residency status Where property owners earn and report their income For 2019 and subsequent years, the tax rate is: 2% for foreign owners and satellite families 0.5% for Canadian citizens or permanent residents of Canada […]
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Prime rate drops 50bps to 3.45%, as Central Bank drops overnight rate to 1.25%

The Bank of Canada has slashed its key lending rate by 50 basis points from 1.75% fo 1.25% amid economic pressures brought on by the COVID-19 virus outbreak. While Canada’s economy has been operating close to potential with inflation on target, the COVID-19 virus is a material negative shock to the Canadian and global outlooks, […]
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Fernwood first tower will be Chard’s 10th development

Chard Development’s continues its track record of completing high quality residential towers in Victoria’s with its new project at 1309 and 1315 Cook Street, 1100-1120 Yates Street, and 1109-1115 Johnson Street. The project will bring a total of 217 new residential units, of which 104 will be in BC Housing Affordable Home Ownership program. On […]
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