Tuesday, June 30, 2020
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The local scoop

The latest news, transactions, and development activity in Greater Victoria. Coverage into completed deals reveal insights into the dynamics of our local real estate market. We are the only source for news on seller's, buyer's, financing, and development/rezoning applications. Refreshing clarity into an opaque market.

8X is a real estate trading services brokerage licensed in British Columbia. We believe knowledge is power. Our active presence makes us a local real estate insider. We know who's coming, who's going, and the pulse of Victoria's real estate market. Let's work together to create and maintain wealth via real estate.

Notable Commercial Sale Transactions

Subdivision & Rezoning Applications

Monthly Video Update

CMHC Qualification Metrics change effective July 1, 2020

The modifications have to do with debt service ratios and credit score requirements • Gross debt service (GDS)...

June 2020 Residential Real Estate Update

MonthMayMayYear20202019Net Unconditional Sales:457848New Listings:1,0951,613Active Listings:2,5443,019 Victoria real estate activity picks up as restrictions ease  https://www.youtube.com/watch?v=kHb8cRLvOBc

Canada Emergency Commercial Rent Relief (CECRA)

Rent relief program overview for Victoria Commercial Landlords and Tenants (CECRA).

Downtown Victoria News

Northern Junk project by Reliance gets rejected by council yet again

A plan to redevelop the long-vacant Northern Junk buildings near the Johnson Street Bridge has been sent back to the drawing board...

Pauls Motor Inn purchased by province for $15M – to house homeless

The province of B.C. has bought the 75-room Paul’s Motor Inn on Douglas Street for approximately $15 million to add to its...

23 storey Hudson Place II residential approved by council

Townline Homes has been issued a development permit for its final phase at the Hudson District in downtown Victoria.