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October 2020

Found 23 blog entries for October 2020.

Oak Bay Character Home with Suite Potential


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.


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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


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

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 Home in a Desirable Location


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!  








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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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bcrea header


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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The Vancouver Island Real Estate market continued strong with 1,287 total sales in September 2020 in the VIREB board area (excluding Victoria) an 86% increase compared to the same month the previous year. Many of the sales are still taking place in the single-family home segment but condo’s and townhomes are seeing hefty increases in sales volume as well.

Sales of single-family homes were up a whopping 98.5% year over year with 643 of the sales being in that segment in Septemeber. Condos increased in sales year over year by 46% (a significantly higher jump than Victoria condos) and townhome sales jumped 28% in the same Septemeber year over year comparison. While sales are up across the whole island, including Victoria, it is worth noting that luxury

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Spacious Fairfield Condo 


Large bright two bedrooms two bath South/East corner condo located in the heart of Fairfield, next to Cook Street Village and steps to town.

This is the one you have been waiting for, offering over a thousand square feet in a self-managed building with extremely low strata fees and free laundry. 

A large private enclosed deck is the length of the entire unit and is perfect for year-round use.  

Loads of natural light with many windows for sun all day. 

Move-in ready this is a great value in today's market with storage space, parking, and bike storage included. 

Some rentals permitted and kids welcome.

Call today for your private tour.








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The Victoria Real Estate market continued red hot through September. Driven by strong demand from buyers, especially for single-family homes there was a massive 60.6% increase in total sales volume in September 2020 compared to the same month last year. With 989 units sold in the Victoria Board area, 1% more than the record high previous month, inventory simply can’t keep up. 

For a more shocking number, we can look at single-family homes specifically, which were up 91.9% compared to the same month last year with 539 homes sold in September! Condos had a more modest bump in sales volume at 26.7% up year over year with 280 unit sales. Although Condos lag behind in sales, for now, there is a good chance we will see this market segment increase in the

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