February 2021

The Victoria Real Estate market continued strong out the gate in 2021. Selling 57.2% more units than the same month the previous year, January 2021 came in at a total of 646 sales. Our team had our busiest January on record selling 2.3% of all properties sold in VREB or 1 in every 43 sold in Janaury! The most significant bump in year over year sales was in the condo segment which was up 83.1% with 216 sales compared to January last year. There was a higher volume of single family homes sales with 297 units changing hands, but only 48.5% more than Jan 2020. Of course the sales data here does not necessarily reflect the current demand. It is likely that there simply wasn’t enough single family listings on the market to keep up with the demand in that

Family Home w/ Suite on 0.6 Acres

Investor Alert!!

Bring your interior design ideas to this nearly 3400 sq ft home with massive, and sub-dividable, 27,000 sq ft (0.6 Acre) lot w/ West facing green space and plenty of parking.

Potential subdivision/Develop/Holding property & keep existing house!

The open floor plan flows nicely between the large living space with a wood-burning fireplace, vaulted ceilings, and oak hardwood floors, to the open kitchen/dining area, and all 4 bedrooms and  4-piece bathroom to the back of the home.

The bright 1 bed plus den and 4-piece bath revenue suite downstairs with separate entrance offers a fantastic mortgage helper and has been nicely updated.

With a few major upgrades completed such as new

Professional Equestrian Centre and Custom Home on Quiet Country Road

Pristine horse facility with a gorgeous custom built home, barn and indoor arena.

All perfectly and thoughtfully laid out on two flat, sunny, well-drained acres.

Designed for ease and comfort for the professional equestrian or hobby farmer.

Conveniently located on a quiet country road in North Saanich, just 6 minutes from the airport or Sidney and 10 minutes to the ferry.

Designed by the still original, professional equestrian owner and built-in 2005 by JF Construction (Jake Friesen), this home's warm, open and bright floor plan enjoys excellent natural lighting.

All primary rooms also enjoy the beautiful view of the horses looking across the private

Canadian Employment (Jan) - February 5, 2021

Canadian employment lost 213k jobs in January (-1.2%, m/m), representing the second consecutive decline since April 2020. This left the employment level 4.5% below its February 2020 pre-pandemic level. The decline was once again led by part-time employment, while full-time positions continued to see improvements in January. Job losses were concentrated in Ontario (-154k) and Quebec (-98k), as extended restrictions continued to negatively impact retail, food services and accommodations, and culture and recreation. The national unemployment rate increased by 0.6 percentage points to 9.4%, which is still a fall from the record high of 13.7% in May 2020. Compared to the same month last year,

Executive Rancher with Suite

Executive Rancher with Suite close to parks and trails this beautifully finished home offers one level living close to Cobble Hill Village and view of Cobble Hill Mountain close to hiking trails and parks, centrally located near shopping and bus stops.

Located on a quiet street in a family neighborhood with a double car garage, RV parking, a fully fenced backyard, and a large deck with Pergola for entertaining.

This 4 bed, 3 bath home boasts maple hardwood floors, two fireplaces with Natural Gas available, beautiful quartz countertops in the kitchen, and even a media room on the lower level.

With 3 bedrooms on the main level and 1 bedroom on the lower level for a potential suite if desired.

This home is move-in