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June 2021

Found 23 blog entries for June 2021.

A Stone Century Home built by the Wishart family in 1913

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Welcome to "Wishart House" at 3354 Wishart Rd, a stone Century Home built by the Wishart family in 1913.

The property is in a great family neighborhood that is close to schools, beaches, parks, and all of the shopping and amenities of the Westshore community.

The home has a beautifully manicured, generous-sized yard that is a gardener's delight.

Walking up to the building you will admire the stonework in the siding, chimneys, and pillars entering into the front of the house where you are greeted by a mix of character and upgrades with some original wood floors, coved ceilings, and unique built-ins.

On the main floor, you will find. most of your living including your living

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8,695 Square Feet of Raw Land in Saanich West

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Rare offering!!

8,695 square feet of raw land in the heart of the highly sought-after Saanich West Marigold community.

Build your dream home on this quiet no through street just minutes from downtown Victoria, with parks, schools, and many amenities!!

The current Zoning is RS-6 which offers a wide range of building options.

This property won't last long so call the Neal Estate Team today to book a viewing and for more information.

Please don't walk the lot without an approved showing.

 

   
   
   
   
   
   

Find Out More About 741 Snowdrop Avenue

Talk to our team to learn more about this 8,695 Square…
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Ground Level Condo in Prime Location

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Ground floor, easily accessible unit in Shaughnessy Gardens.

Spacious living area, in-unit storage, and a private patio off the living room.

This is a great location and is close to many amenities such as grocery stores, schools, soccer and baseball fields, parks, hospital, stores, and local restaurants.

This condo is great value for a two-bedroom, one-bath at 753 square feet.

The complex has shared laundry with new machines and a common sauna for residents to enjoy.

The unit has been professionally cleaned and painted.

This is a great opportunity for a first-time homebuyer to get into the market!

Don't wait to book a viewing at this vacant, move-in-ready condo!

 

   
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Incredible Waterfront Views

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Incredible Ocean views of the San Juan Islands, as you look out of your condo right on the waterfront.

Elevated ground floor corner suite, 2 bedrooms 2 bathroom luxury condo with a wrap-around deck.

All major renovation /remediation work has been completed & fully paid for with new windows, roof, balconies, and exterior and will be under warranty for 10 years! Excellent floor plan & gas fireplace.

Recent upgrades include flooring in the kitchen, bathrooms, and master bedroom.

The second bedroom opens to the sunroom allowing plenty of natural light to flow in with access to the deck.

In-suite laundry secured covered parking and separate storage.

The seaside path just steps away and a short walk to

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Bright and Open Fernwood Townhome

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Beautifully updated 2 bedrooms, 2 bathroom townhome in the heart of  Fernwood!

This townhome features vaulted ceilings in the bright living area with a cozy gas fireplace that opens to the updated kitchen with stainless steel appliances and a gas range, a fully fenced patio plus a yard area outside makes this home perfect for entertaining guests!

The upper level offers the large master suite with a ton of closet space and built-in organizers, a full 5 piece en-suite bathroom with double vanity, and its own private deck.

Highly desirable Fernwood location just a couple of blocks from Fernwood Village with restaurants, cafes, shopping, entertainment, and parks & schools nearby!

Bonus: Low Strata

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Executive Family Home W/ Suite

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Executive family home with legal suite on a huge double lot has a long list of luxurious features!

The bright and open floor plan offers a spacious great room with a cozy gas fireplace, 18ft vaulted ceilings & opens to a large gourmet kitchen with high-end stainless appliances including a gas stove, custom shaker cabinets with soft close drawers & granite counters.

The main floor also features in-floor gas hot water heat + a large den/guest bedroom with access to the side yard.

Upstairs are 3 bedrooms including Master with private patio, walk-in closet & ensuite w/ custom rain forest shower & heated tile floors.

This house also includes a legal 1 bedroom suite above the garage w/ private side

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There were 534 Single family home sales in May 2021 in the Vancouver Island Real Estate Board area. That is a 9% decrease in unit sales for single family homes in one month. Condos were up 13% to hit 150 sales. Townhomes were down 11% dropping just under 100 unit sales to hit 94. The year-over-year sales are still out of whack due to historic lows in the early pandemic days but the slight month over month decrease in sales is a hopeful sign that there may be more options for buyers in the future.

Those hopeful signs carried over into the metric that really matters for buyers and that is inventory. The number of available listings increased for both single family and townhome categories (9% for single family and 5% for townhomes), which is much needed

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Canadian Inflation (May 2021) - June 17, 2021

Canadian inflation, as measured by the Consumer Price Index (CPI), rose to 3.6% year-over-year in May, up from 3.4% in April. This is the highest level since May of 2011. Much of the increase in inflation was the result of base-year effects, as prices remained depressed in May of last year due to pandemic-induced shutdowns. On a seasonally adjusted month-over-month basis, the CPI was up 0.5% in May. The Bank of Canada's preferred measures of core inflation (which strip out volatile elements) rose an average of 0.2% from April, to 2.3% year-over-year. In BC, consumer prices were unchanged month-over-month and down from 3% year-over-year in April to 2.7% year-over-year in May.

While inflation

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May30-1  

Canadian Housing Starts (May 2021) - June 15, 2021

Canadian housing starts increased by 3.2% m/m to 275.9k units in May at a seasonally adjusted annual rate (SAAR). Starts hit a record in March of 333.3k before declining somewhat in April. Single-detached housing starts declined 12% from April, while all other housing starts rose 11%. National housing starts were up by 41% compared to the same time last year and the six-month moving average level of starts is trending at an elevated level of 281,000 units SAAR. 

In BC, housing starts rose 19% m/m to 45.2k units SAAR in all areas of the province but remains below a record March that saw new homes constructed at a nearly 71K unit annualized pace. Building activity was up 30% in the

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Inventory continued to battle the tide that is massive sales volume in the Victoria area for the month of May 2021. Just as inventory showed hope in April by struggling past the end of month inventory of March, now May's demand (while still remaining near record high for the month), shows a slight possibility of a longer term decline by decreasing 6% in total sales volume compared to the previous month. Unfortunately, the sales decline was not enough to continue the gradual increase in inventory, instead leading to 4 fewer listings at the end of May compared to April.

Some of the sustained energy might be in part due to a last minute scramble to get in before the increase in stress test which came into effect at the beginning of June. Certainly,

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