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13th Mar 2025

Saanich Council Advances Contentious 187-Unit Project

Despite community divisions, the Central Saanich council approved the first three readings of a 187-unit rental project along Hovey Road. Aryze Developments, in partnership with Legion Manor Victoria, aims to provide affordable rentals for seniors, veterans, and families. Council voted 4-3, with Mayor Windsor undecided.

Read the full story by Victoria News.

27th Feb 2025

Saanich Revamps Quadra McKenzie Plan After Public Comments

Saanich council decided to revise the Quadra McKenzie Plan  after considering over 3,300 public comments. The plan aims to reduce density in Quadra North and involves transit priority measures. An additional $30,000 from the Housing Accelerator Fund is allocated for an additional round of public engagement.

Read the full story by Victoria News.

26th Jan 2025

Saanich Approves Rezoning for 122-Unit Project

Saanich council unanimously approved rezoning six dwellings into two 6-storey complexes, adding 122 units on McKenzie Avenue and Annie Street. These will include both condos and rentals, with 127 parking spaces. The developer will contribute $351,360 to local amenities, affordable housing, and park acquisition.

Read the full story by Sooke News Mirror.

9th Jan 2025

Saanich Extends Permits, Paving Way for 470 Housing Units

Saanich council extended development permits for two major projects until January 2027, amid challenges like high interest rates and costs. The 1555 McKenzie Ave. site will feature a six-storey building with 384 rentals and commercial space, while the Torquay Dr. project plans 86 residential units.

Read the full story by Western Investor.

3rd Jan 2025

Oak Bay Boasts Vancouver Island’s Priciest Home at $17.3M

BC Assessment's 2025 property evaluations show minimal changes for Vancouver Island, with values ranging from -5% to +5%, except for select areas. Notably, Oak Bay features the priciest single-family home at $17.3 million. Overall, the Island's total property value increased to nearly $391 billion from $386 billion.

Read the full story by Victoria News.

8th Dec 2024

Saanich Approves New Mixed-Use Building on Quadra St.

Saanich council approved the rezoning of 4079 Quadra St. for a mixed-use building featuring dental offices and four rental apartments. The 1,369-square-metre property, a former gas station, will be rezoned from C-9 to C-4. The project includes a $10,000 community amenity contribution and a rental covenant of at least 10 years.

Read the full story by Victoria News.

RC
RCSubscriber since May 2024
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As a legal practitioner with a busy practice, Real Estate Recap provides me with an insightful and quick update on the current real estate happenings in Canada. Not only is the information helpful for my personal use, it goes a long way in dealing with relevant legal issues for clients.
EM
EMSubscriber since December 2024
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Real Estate Recap is a fantastic resource! It’s packed with useful information about market trends and provides educating insights that help readers understand the real estate market better. The practical tips and clear explanations make it a must-read for anyone looking to stay informed and learn more about the real esate market!
SD
SDSubscriber since June 2024
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Staying on top of real estate news can be hard, but thanks to RealEstateRecap, I don’t miss a beat. Their updates are informative, and make it easy to stay in the know. Great Newsletter, Thank you
SG
SGSubscriber since June 2024
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Very informative newsletter! It is now my go to source for all real estate news.
SB
SBSubscriber since December 2024
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Great newsletter! Very insightful and it provides all the key points without being a long, tedious read. Very well done!

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