September 2021

South Facing Home on the corner of a Quiet Family Friendly Street

Welcome to 3595 Goldspur Road in beautiful Olympic View, six-bedroom six-bathroom south facing home on the corner of a quiet family-friendly street.  

As you enter you will appreciate the high-end finishings with a glassed entry, gleaming hardwood floors, and nine-foot ceilings.  

Open concept living the great room is encased in windows and features a gas fireplace and large double doors to your private patio.  

The attached kitchen showcases custom cabinetry, quartz countertops, designer backsplash, gas stove, walk-in pantry, and an island perfect for entertaining.

Also on the main is a generous sized office, computer nook, and bathroom.  

Upstairs the primary

A Charming Enclave of 9 Townhouses in the heart of James Bay

Welcome to Unit 6 at 356 Simcoe St., a charming enclave of 9 townhouses in the heart of James Bay.

Walk to downtown Victoria, Ogden Point Breakwater, and Beacon Hill Park.  

This home features 3 bedrooms and 4 bathrooms on 3 levels.

The lower level offers a private entry, guest bedroom (or large office) with French doors leading to a delightful backyard.  

Gardens surround the brick courtyard, creating a peaceful oasis with true Victorian charm.

A finished garage, 3 piece bath, back yard storage room with additional private entry complete this level.

On the main floor, you will find a spacious kitchen with windows overlooking the back yard, filling your view with

Oak Bay 5 bed, 5 bath home on .22 Acre no thru Street Rd Henderson

Oak Bay 4 level split-level home offers 5 beds and 5 baths with original wood flooring and wood fireplace, very large rooms, and a huge overheight garage once owned by renowned artist Norman Yates.

The .22 acre lot ready for your gardening plans and outdoor living on a beautiful no-through street.

Newer large deck off the dining area is perfect for entertaining family and friends.

Close to all levels of schools including uvic, Camosun College, Henderson Rec Centre, all amenities, and Uplands Golf Course as well as a short drive to Cadboro and Gyro Beaches.

Come to sought-after Picturesque Oak Bay in a thriving community filled with great schools, restaurants, and

ON THE PARK! 2 Bed 2 Bath SW Corner across from Beacon Hill Park!

ON THE PARK! 2 bed 2 baths over 1250 sq. ft. on PRIVATE SW Corner directly across from Beacon Hill Park.

Private and beautifully landscaped a block from Dallas Rd. waterfront and walking distance to downtown and The Inner Harbour, Fisherman’s wharf, shopping, dining, and entertainment.Large windows overlooking the quiet treed beautiful garden areas.

Meander through and around the lovely pathways or BBQ on the designated strata patio area in one of the largest Greenpace buildings in Victoria!

The Principal bedroom offers a separate shower and bathtub, privately located for quiet nights.

Large Living and Dining area with newer gas fireplace included in strata fee.

Shutters 1 bed plus den in Beautiful Hub of Victoria West

Welcome to a carefree lifestyle at SHUTTERS in the beautiful Spa Residence Crescent Building located close to the Inner Harbour of Vic West!

Stroll to the seaside walking trail, downtown, or walk to work.

There is 1 large bedroom plus a den each with ensuite bathrooms.

Some nice views to both the Sooke Hills and Inner Harbour.

Electric fireplace with Custom wood surround can be moved to the other side for Optimal viewing.

The Open kitchen with an eating bar for entertaining and high-end Radiant cooktop and separate oven, granite countertops, and lots of cabinetry.

There is a spacious deck for garden pots, herb gardening, room to BBQ and relax.

Shutters features an

Canadian Housing Starts (August 2021) - September 16, 2021

Canadian housing starts declined for the third consecutive month in August, but remain elevated by historical standards. Housing starts decreased by 10.5k to 260.2k units (-3.9% m/m) in August at a seasonally-adjusted annual rate (SAAR). Comparing year-over-year, starts were roughly unchanged from August of 2020 (-0.5% y/y). Single-detached housing starts dipped 1% in August to 80.7k, while multi-family and others declined 5% to 159.5k.

In British Columbia, starts declined for a second consecutive month, dropping 7.5% m/m to 46.9k units SAAR in all areas of the province. Single-detached starts declined 4.4% m/m while multi-family starts declined 10%. Despite this, starts in

Canadian Inflation (August 2021) - September 15, 2021

Canadian prices, as measured by the Consumer Price Index (CPI), rose 4.1% on a year-over-year basis in August, rising at the fastest rate since 2003. This rise was mostly the result of an accumulation of price increases in 2021, while August itself did not post-high price growth. On a seasonally adjusted month-over-month basis, the CPI was up 0.2% in August. The Bank of Canada's preferred measures of core inflation (which use techniques to strip out volatile elements) rose an average of 2.6% year-over-year in August. Major drivers of the price increase included passenger vehicles (+7.2%), furniture (+8.7%), and household appliances (+5.3%) partly on continuing supply-chain

Vancouver Island Real Estate Board (VIREB) wide inventory remained at historic lows in August with the number of available condos a whopping 61% lower compared to August last year. Single family and townhomes were also down at 50% previous years levels.

Sales, unsurprisingly, dropped accordingly with 891 total sales and an 18%decrease compared to last year. Breaking it down by property type, there were 460 single family home sales in August which was a 2% increase from July but down 15% from August 2020. 101 condos sold in August, 1 unit less than the previous year and 23 less than the previous month. Lastly, 91 townhomes sold in August, 13 units less than August last year and 8 less than July.

VIREB wide, Benchmark Prices according to the Home

Inventory continues to decline in the Victoria Real Estate market amidst decreasing sales volumes and increasing prices. The slow downward momentum from July seems to have continued into August 2021 as we saw 831 total transactions in the latter month representing a half a percent decrease. Compared to August 2020, the decrease in sales was more noticeable at 15.1% below the same month in the previous year.

By property type, single family home sales were down (9.8% from July and 29.9% from last year) and condos were up (21.5% from July and 31.7% from last year). Condo sales are benefiting from a higher inventory than other property types and the segment is picking up buyers who are being priced out of the limited number of single family homes

BC Home Sales Returning to Normal While Supply Hits Record Low

Vancouver, BC – September 14, 2021.  The British Columbia Real Estate Association (BCREA) reports that a total 9,507 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August 2021, a decrease of 7.1 per cent over August 2020. The average MLS® residential price in BC was $901,712, a 17.2 per cent increase from $769,691 recorded in August 2020. Total sales dollar volume was $8.6 billion, an 8.9 per cent increase from last year.
"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