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Victoria & Vancouver Island Real Estate Blog

Victoria & Vancouver Island Real Estate Blog

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May30-1  

Canadian Inflation (Sept) - October 21, 2020

Canadian inflation, as measured by the Consumer Price Index (CPI) rose by 0.5% in September year-over-year, up from the previous month's increase of 0.1%. Excluding gasoline, the CPI rose by 1.0%. Prices rose in six of eight components year-over-year with notable increases in shelter (1.7%), food (1.6%), and health/personal care (1.6%), while prices declined for clothing/footwear (-4.1%) and recreation (-1.2%). Growth in the Bank of Canada's three measures of trend inflation was flat in September, averaging 1.7%. 

Regionally, the CPI was positive in seven provinces. In BC, CPI rose by 0.4% in September year-over-year, up from August's increase of 0.2%. Prices continued to rise for

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Luxurious Penthouse in Regent Park

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Welcome to 1704 - 1020 View Street a luxurious penthouse in Regent Park in the heart of downtown Victoria. 

Soaring 17 floors above the city with unobstructed views of the ocean, Olympic Mountains, Mount Baker, and surrounding city. 

Boasting over 1800 square feet of spacious living in the southeast corner providing breathtaking sunrises every morning and sun throughout the day with loads of natural light from every room. 

Surprisingly quiet and peaceful as you sit above traffic noise from any of your five patios. 

Offering three generous sized bedrooms all with private patios including a master suite with a large walk-in closet, custom-built shower, and his and hers sinks.

Desirable floor

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Revenue Acreage Estate

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Welcome to 4770 Talon Ridge an enormous estate in the Highlands, boasting over 30 acres with stunning Southern views of the mountains and ocean beyond.

Travel along a meandering driveway through your usable land to approach your custom built main home, second finished home, two double car garages, studio and nanny suite. 

Overall offering 11 bedrooms including two master suites and over 13,000 usable square feet. 

The main residence is an impressive home with 4700 square feet of living with 19 foot ceilings in the grand foyer, a massive kitchen with island and stainless appliances and even a separate kitchen/prep area attached. 

All of the rooms are very large and most offer private ensuites. 

Down

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Oak Bay Character Home with Suite Potential

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You'll love this beautiful 1949 Character home minutes away from Willows Beach, Estevan Village, and Oak Bay Ave.

The spacious living room with a wood fireplace and bay window is a wonderful space for the family. 

New counters, sink, flooring, and high-end appliances adorn the bright kitchen looking out to the backyard.

3 bedrooms on the main floor make for an ideal living space.

Hardwood floors throughout the main level have been newly refinished.

Recent updates include a new programable electric furnace and a high-efficiency heat pump. 

The basement is roughed in for a potential suite and awaits your creativity. 

The garage is an excellent space for a workshop.

This

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Executive Home with Suite close to Colwood Creek Park

marinacres103cs Executive Home with Suite Close to Colwood Creek Park.     A great opportunity here with this 4 bedroom home and 2 bedrooms self-contained suite to help with the mortgage.    Situated on the end of a quiet street on an extra-large lot, you can simply move in and enjoy all this home has to offer.   With 3 bedrooms upstairs and a 4th office/den/bedroom on the lower level, this home is bright and spacious with an open concept kitchen, living, and dining areas which is great for entertaining.   The suite is self-contained with its own laundry and is also bright and spacious.   Come and see what this home has to offer, you won't be disappointed. …
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Charming Two Level Home in Adorable Neighbourhood with Stunning Views

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Welcome to Village Homes at Kettle Creek, an adorable neighborhood in an ideal location.

This charming two-level home offers main level living with stunning mountain views on a manageable sized lot offering a wide driveway to accommodate two cars and no strata fees.

The main floor creates a warm space with an open concept living & dining room & a large kitchen complete w/ granite countertops and stainless steel appliances.

The glass door leads out to an easy-care fully fenced back yard and patio.

Also on the main floor is a 2 piece bath, laundry & single car garage.

All of the bedrooms are on the upper level; the master complete w/ his and hers sinks, a

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bcrea nowcast

Watch BCREA Chief Economist Brendon Ogmundson
discuss the September 2020 statistics.

 

Click here to visit BCREA's YouTube channel. Read the news release here.

 

 

 

 

 

 

For more information, please contact:

Brendon Ogmundson
Chief Economist
604.742.2796
bogmundson@bcrea.bc.ca 
 

BCREA is the professional association for more than 23,000 REALTORS® in BC, focusing on provincial issues that impact real estate. Working with the province’s 11 real estate boards, BCREA provides continuing professional education, advocacy, economic research, and standard forms to help REALTORS® provide value for their clients.

To demonstrate the profession's commitment to improving Quality of Life in BC communities, BCREA

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Executive Townhome in a Desirable Location

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Executive Single Family Home in Royal Oak on a private lane.

This lovely home is located within walking distance to schools, Royal Oak shopping center and nature trails of Elk Lake and Beaver Lake; and features 3 bedrooms, den, office or extra storage, 2 bathrooms, cozy gas fireplace, and a private fenced yard with deck, bbq hook up and a sprinkler system as well as an attached garage for your car.  
 
This home is nestled on a private lane that is quiet and yet close to shopping.  

Features include a high-efficiency hot water heater and a new energy-efficient gas furnace.    

This home will not last long!    

Book your private viewing today!  

 

 

 

 

 

 

 

Find Out

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bcrea stats release

 Record September for BC Housing Markets

stat release may 13 2020  

Vancouver, BC – October 14, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 11,368 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September 2020, an increase of 63.3 percent from September 2019. The average MLS® residential price in BC set a monthly record of $803,210, a 15.3 percent increase from $696,647 recorded the previous year. Total sales dollar volume in August was $9.1 billion, an 88.3 percent increase over 2019.

“The provincial housing market had a record-setting September,” said BCREA Chief Economist Brendon Ogmundson. “Both total sales and average prices were the highest ever for the month of September as pent-up

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May30-1  

Canadian Employment (Sept) - October 9, 2020

Canadian employment gained 378.2k jobs in September (2.1%, m/m), following a gain of 245.8k in August. This is the fifth consecutive month of increases, putting national employment within 719.5k of its pre-COVID February level. The national unemployment rate fell by 1.2 percentage points to 9% from the previous month. Gains in the services-producing sector were driven by accommodation/food, educational services, and information/culture/recreation, while manufacturing led the increase in the goods-producing sector. Compared to the same month last year, Canadian employment was down by 3.6% (-685k). 

Regionally, employment increased in all provinces except in New Brunswick and PEI, with the

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