The latest news has been focused on rising interest rates, surging inflation, and economic uncertainty with suggestions that the Canadian economy could be tripped into recession.With all this

Dated: June 20 2022
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So far, council has decided that enforcement will be sparked by complaints; that the owner must occupy the home and make it meet health and safety standards; and that the suites have no max or minimum lot size and can be incorporated into single-family residential zones.
Last Monday, council gave staff direction on three remaining issues: parking, caregivers, and how to track the suites. Council decided primary residences can have up to six boarders (i.e. non-owner/leaseholder occupants), including caregivers.
Suites must have a parking space, but a waiver through city staff will be made if the owner can demonstrate they have support for other transportation (e.g. lockable bike storage with power outlet to enable electric bikes).
The next stage for the policy is a public hearing this fall. Read more on the decision last week in Oak Bay Local.
Steve is a award winning Realtor in Victoria BC, with his listings selling faster and for top dollar! Growing up in Victoria, BC and has always been active in his community. Steve is a Victoria Cougar....
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