Executive Home on Private Lake

Welcome home to 5216 Stag Rd, a serene half-acre property with private dock on the beautiful Fork Lake, a stunning 10 Acre spring-fed lake, located in the eastern Highlands and bordering on, and with private access to, Mount  Work Regional Park.

You'll feel a million miles away from it all, yet just minutes to all that you need with 30 mins to Downtown Victoria and just 15  minutes to Millstreams big-box shopping district.

This is one of Victoria's best-kept secrets! 

The Beautifully updated 4 Bed, 4 Bath home is perched just above and boasts amazing views of this pristine lake from much of the home, but the tranquility found relaxing in your back yard, on the huge new two tear deck, or from the hot tub

CLI Dips in Fourth Quarter 2021

The BCREA Commercial Leading Indicator (CLI) fell to 149.7 from 150.6 in the fourth quarter of 2021, representing the second consecutive decline since the economy began recovering from the recession induced by COVID-19. Compared to the same time in 2020, the index was up by 3.8 per cent.

The CLI dropped in the fourth quarter due to declines in the financial and employment components of the index. The decline in the employment component of the index was driven by a 4.1 per cent decline in finance, insurance, and real estate (FIRE) employment and a 6.2 per cent decline in professional services employment. Workers in sales and services occupations drove much of those declines, with workers in this subsector down

Luxury custom built home on triangle mountain 

Luxury custom built home on triangle mountain perched looking over the neighborhood and forests beyond.

Easy care lot with great use of space for parking and privacy.

Main level entry with a desirable open floor plan featuring a family room, office, dining room, living room and large gourmet kitchen with cherry cabinets and stainless steel appliances.

A warm home with fir planking, 9-foot ceilings, wrap-around deck and over 3300 square feet of luxury living.

The master bedroom has a walk-in closet and ensuite with heated floors, walk-in shower and a large jetted tub.

Laundry is conveniently located upstairs as well; two more bedrooms and bath complete this level.

Downstairs the

Bank of Canada Interest Rate Announcement -
March 2, 2022

BC Monthly Real GDP Estimate for December 2021 and Preliminary Estimate for January 2022

The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for December 2021 is 5.1 per cent. For comparison, year-over-year growth in the Canadian economy in December was 3.9 per cent. The preliminary estimate for January 2022 is 4.2 per cent. The BCREA Nowcast estimate of average growth in the BC economy in 2021 was 6.3 per cent. The 4.2 per cent estimated growth in January is the second highest starting point in the history of the Nowcast. Growth in January 2000 started at a Nowcast estimate of 4.5 per cent and ultimately actual real GDP growth for that year was 4.55 per cent.

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Canadian Monthly Economic Growth (December 2021) - March 1, 2022

The Canadian economy remained essentially flat on a month-over-month basis in December amid new restrictions implemented to control the Omicron variant. Canadian real GDP is roughly 0.3 per cent above its pre-pandemic, February 2020 level. Preliminary estimates suggest that output in the Canadian economy grew 0.2% in January.

Growth in 2021 clocked-in at a robust 4.6 per cent, while the economy accelerated in the fourth quarter with real GDP growth hitting 6.7 per cent annualized. Even with an expected Omicron driven slowdown in the first quarter of 2022, the Canadian economy is clearly on a very strong growth path. At its most recent meeting, the Bank of Canada noted that the