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October 2020

Found 20 blog entries for October 2020.

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May30-1  

COVID-19 Reopening Dashboard - Oct 28, 2020

The BCREA Economics team has created the COVID-19 Reopening Dashboard to help REALTORS® monitor the evolution of the economy as BC navigates the recovery. This dashboard focuses on the sectors and activities that have been most significantly impacted by the pandemic and the province’s subsequent state of emergency. Home sales in the province had a record-setting September, as pent-up demand from the spring pushed into the fall.

To monitor the province’s progress toward a “new normal,” we benchmark each indicator to February 2020, the month before the pandemic was declared. This dashboard is updated each month.

BCREA's updated COVID-19 Reopening Dashboard is available here.

For more information,

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Bank of Canada Interest Rate Announcement  - October 28, 2020

The Bank of Canada held its overnight rate at 0.25 per cent this morning, a level it considers its effective lower bound. The Bank is also continuing its quantitative easing (QE) program, though re-calibrated to target longer-term bonds and slightly scaled back from purchasing $5 billion per week in Government of Canada bonds to $4 billion per week. The Bank also reiterated forward guidance on future interests moves, committing to holding the policy rate at 0.25 per cent until slack in the economy is absorbed and inflation is sustainably trending at 2 per cent.   In the statement accompanying the decision, the Bank noted that the Canadian economy is recovering, though at a highly

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2 bedrooms in Cook Street Village 

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Welcome to 306-935 Fairfield Road a bright and spacious quiet condo conveniently located between Cook St Village & the Inner Harbour.

In an adult-oriented building, this condo is move-in ready or bring your ideas to update and create some sweat equity. 

Offering two large bedrooms, two bathrooms, an eating area with large windows looking over downtown Victoria and a huge living room that leads to a charming, enclosed deck; the perfect spot to enjoy a morning coffee.

Adorable bright galley kitchen, secure underground parking, storage space, common workshop, steps to all amenities, and on major bus routes.

Just a short walk to the village or downtown Victoria, Beacon Hill, and the ocean. Call today

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Five Bedroom Executive Home in Beautiful Resort Community

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Welcome to 2174 Stone Gate in the beautiful resort community of Bear Mountain, an executive five-bedroom home with an extremely versatile floorplan. 

The main floor features a gourmet kitchen with granite countertops, custom cabinetry, stainless steel appliance, and a large island with a custom wine rack in an open concept space. 

The kitchen flows perfectly with the spacious dining room and framed in the sunken family room complete with cozy fireplace and large windows.

Glass doors lead you to the perfect back yard that is completely fenced and backs on to a park, featuring a large patio and a hot tub sitting romantically in custom woodwork for complete privacy. 

Also on

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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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