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May 2020

Found 12 blog entries for May 2020.

Beautifully Updated Family Home with Mortgage Helper


The updates are nearly endless on this beautiful family home situated in a quiet cul de sac just steps from the Gorge Park and inlet, boasting a mortgage helper 2 bedroom suite (vacant, choose your own tenants) with separate outdoor space.

Upstairs you will find 3 nicely appointed bedrooms and a 5 piece bathroom, large bright living space, and kitchen (not updated) W/ access to a massive, sunny, South West facing patio and back yard.

Perfect for entertaining, BBQing, and enjoying an evening cocktail.

Downstairs you will find the self-contained suite, 4 piece bath, and living space open to a full kitchen.

Upgrades include but are not limited to the heat pump, double pained vinyl

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Parkside Place Condo

CS-Burnside Road West

Centrally located Parkside place is a family-friendly complex that includes an outdoor pool, playground, and green space. 

Right across the street from Tillicum mall offering shopping, movie theatres, restaurants and more this is a prime location.

Top floor, corner spacious unit with an updated kitchen featuring stainless steel appliances and solid maple cabinets. 

Desirable floorplan with the two bedrooms situated so that no walls are shared with the neighbours.

No stackable small laundry here, you have a real laundry room, in-suite storage, and a private deck. Strata fee includes your heat and hot water. 

On major bus routes for a quick commute to downtown, Camosun and UVIC, and only steps to the

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Bright and Sunny Ground Floor Garden Suite


Welcome to the Magnolia House, Situated on a quiet and beautiful tree-lined street one block from Dallas Rd and Holland Point Park, Harrison Yacht Pond, and of course the Seaside.

Get your creative juices flowing with this beautiful South facing James Bay ground floor garden suite in need of updating but priced accordingly.

This quiet and beautifully landscaped property with well-managed Strata and only 13 suites has recently replaced windows and patio doors as well as exterior brick masonry.

You'll love the layout of this large corner unit with bedrooms on opposite sides providing plenty of privacy, in-suite storage room, laundry, two full bathrooms, large south facing patio with a private

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Executive Rancher in Desirable Dean Park with Private and Pastoral Views


Executive Rancher in desirable Dean Park.     

This stunning home has been very well maintained and boasts southern exposure with multi-level decks overlooking a private beautifully landscaped yard on a large .35 of an acre lot with distant views of the Olympic Mountains and backs onto Agricultural Reserve Land.   

The home is on one level and with a gorgeous kitchen renovation features custom maple cabinetry, stone countertops, built-in appliances and is open to the dining area and great room which is a bonus for entertaining.   

This home features:

  • exotic Brazilian Cherry Wood floors
  • fireplace in the great room
  • skylights for added natural light
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Premium Executive Luxury Home on Private Acreage

Jagtars way 5100

Enjoy Premium Luxury Living on Peaceful, Private Acreage with pastoral outlook in this newly custom constructed one level living residence.

Lengthy list of premium quality features including engineered in-floor radiant heating, Kitchen-aid and Wolf appliances, quartz counters, large windows, and sliders to capture maximum natural lighting.

Four bedrooms, media room, office, 12’ ceilings, stone feature wall, substantial outdoor living spaces too.

Four car garage and plenty of parking all a short walk to Prospect Lake, Park & School, many trails, and also a short convenient commute to the airport, ferries, and downtown Victoria. 








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marinacres103cs marinacres103cs

Canadian inflation, as measured by the Consumer Price Index (CPI) fell by 0.2 percent in April year-over-year, down from a 0.9 percent gain in the previous month. This was the first year-over-year decline in the CPI since September 2009. Energy prices were the main drag on inflation due to the drop in global demand, excluding this category, national CPI rose by 1.6 percent year-over-year. Prices were also down for transportation (-4.4%), clothing and footwear (-4.1%) and recreation and education (-0.7%). In contrast, prices (3.4%) for food accelerated in April. The Bank of Canada's three measures of trend inflation fell 0.1 percentage points, averaging 1.8 percent in April. The CPI was negative in all provinces except for Quebec and BC.  


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bcrea economics housing report


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

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

For inquiries regarding statistical and economics-related news releases,
please contact:  

Brendon Ogmundson
Chief Economist

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

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bcrea stats release

Housing Market Slows, but Resilient in Response to Pandemic

stat release may 13 2020  

Vancouver, BC – May 13, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 3,284 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April 2020, a decline of 50.8 percent from April 2019. The average MLS® residential price in BC was $737,834, a 7.8 percent increase from $684,430 recorded the previous year. Total sales dollar volume in March was $2.4 billion, a 46.9 percent decrease over 2019.

"We expected to see a sharp drop in sales for April as we confronted the COVID-19 pandemic,” said BCREA Chief Economist Brendon Ogmundson. “However, buyers and sellers are adapting to a new normal, and activity should pick up as the

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Waterfront Architectural Beauty


Waterfront architectural beauty on the Gorge waterway.  

Boasting approximately 102 feet of waterfront on a generous (more than a ten thousand square foot lot) and set out from the road for the absolute best possible panoramic views while offering complete privacy.  

Architect Pamela Charlesworth created this open floor plan with a large bright kitchen featuring granite countertops, stainless steel appliances, and loads of countertop room to create delicious meals in all while being open to the rest of the home.  

Sit at the bar top or enjoy your dinner beside the almost floor to ceiling windows that surround the entire level.  

The family room offers a cozy fireplace with a high-efficiency wood

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Canadian employment fell further in April by 2 million jobs (-11%, m/m), bringing cumulative losses to 3 million since February. The unemployment rate rose by 5.3 percentage points from 7.8% to 13%, as the impact from the closure of non-essential businesses and travel restrictions were not fully reflected in last month's job report. The last recession to come close to this was 1981/82 when the peak unemployment rate was 13.1%. The unemployment rate would have been 17.8% in April if adjusted to include those wanting to work (and had worked recently), but were unable to because of the pandemic. 

Job losses continued to spread across the country, with the largest declines in Ontario (-690k), Quebec (-560k), BC (-264k) and Alberta (-240k). The

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