November 2021

BC Housing Market at Historically Low Level of Supply

Vancouver, BC – November 10, 2021. The British Columbia Real Estate Association (BCREA) reports that a total 9,593 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October 2021, a decrease of 13.7 per cent from October 2020. The average MLS® residential price in BC was $964,777, an 18.9 per cent increase from $811,307 recorded in October 2020. Total sales dollar volume was $9.3 billion, a 2.6 per cent decline from the same time last year.
“The story across the province continues to be the record low number of listings,” said BCREA Chief Economist Brendon Ogmundson. “Rising mortgage rates should start to temper sales activity next year, but even with a

Pristine 5-bedroom, 2.5-bathroom home in the South Jingle Pot Area 

Pride of ownership exudes in this pristine 5-bedroom, 2.5-bathroom home in the South Jingle Pot area conveniently located on a quiet cul-de-sac, close to the Nanaimo Recreation/Aquatic Centre, Vancouver Island University, transit, and schools.

No expense has been spared with the first-rate updates to this home.

Main floor has an open floor plan with cherry wood cabinets in the kitchen, a spacious island and matching window trims with quality window coverings, a bright living area with a gas fireplace and a bay window, beautiful Brazilian cherry wood hardwood and tile flooring, attractive paint color schemes in each room, LED lighting throughout, new ceilings and

Canadian Employment (October 2021) - November 5, 2021

Canadian employment grew for the fifth consecutive month in October according to Statistics Canada, inching up by 31,000 to 19.162 million (0.2%, m/m). Canadian employment had recovered to its pre-pandemic level in September and remains above that level in October. Since the prior survey period, proof-of-vaccination initiatives continued to be implemented in workforces across the country while capacity limits were lifted. 

Across Canada, employment gains in retail trade (+72,000) were offset by declines in accommodation and food services (-27,000). The gains in retail trade pushed employment in this sector back to its pre-pandemic level in October. The Canadian unemployment rate

Family Home w/ Mortgage Helper and Views

This 4 Bed + Den, 3 Bath family home includes 1 bed/1 bath separate suite w/ own entrances and fully fenced yards.

The main living areas face the unstoppable view with sunshine all day long and the most incredible sunsets.

From your deck, kitchen, or living room windows eagles, Olympic Mountains, and the Pacific Ocean fill your gaze... you are in a little part of heaven.

The wood stove and upper wood fireplace keep you cozy and save heating costs too!

The generous 2 car garage and a driveway give you level parking for 6 vehicles and a carport shelter for your RV or Boat.

In the area a few minutes away, you can be hiking in East Sooke Park or Mt. Matheson.

Like to fish - Sooke Harbour