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June 2022

Found 20 blog entries for June 2022.

Bear Mountain Beauty with Revenue

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A fantastic opportunity to own this impressive 4-bed 4 bath home built by VERITY CONSTRUCTION on the hills of Bear Mountains' newest neighborhood South Point.

The lower level features a fully separate 1-bed/1-bath suite, double garage, and 2 separate storage areas.

The main level offers a 2-piece bath, den/office, open concept living/kitchen/dining with wide-plank oak floors, SS Frigidaire appliance package including gas range & double fridge/freezer, quartz counters with waterfall island & floor to ceiling fireplace.

Upstairs you will find 3 more spacious bedrooms, a full bath, laundry, and a LARGE Master bedroom have stunning unobstructed OCEAN VIEWS overlooking downtown Victoria and Mt. Baker, a

519 Views, 0 Comments

Private Estate on nearly 7 usable acres Custom 5 Bed 5 Bath

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Magical Private Estate on lush 6.84 acres with a pond, trails, 3 stall Barn or shop with 100 amp., horse shelter, paddocks with fenced pasture and grass arena, fenced-in raised beds, chicken coop,60 amp RV service area, and Gazebo.

Custom 2009 Victorian 5 Bed 5 Bath home offers over 5700 Sq.Ft. plus a full basement for your development.

A dramatic double-height ceiling leads to French Doors opening to the Stunning Living Room with beautiful Millwork and Fireplace, access to the wrap-around deck, and views of the tranquil pond and pasture.

Architectural curved walk-through Library to the gourmet kitchen and Breakfast nook with access to the deck and full-length Quartzite

372 Views, 0 Comments

Amazing Location for Family Townhouse

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MUST SEE @ this PRICE - Park outside your door!

Great Opportunity in this 3 bedroom (2 + den), townhome.

Minutes to downtown & shopping yet in a small 4-unit complex tucked away from the road.

The main level has 2 piece bath, a Gas stove hook-up for the chef in the family, a cozy gas fireplace, an eating area + a walk-out to a great indoor/outdoor spacious Bright & Beautiful private large garden patio area.

3 bedrooms up (1 w/no closet), another bathroom & a deck.

Bonus lower level is awaiting your ideas - could be a spare bedroom (no window), media room, kids area, or workshop area.

In-suite laundry, 2 parking spots, 8 minutes to town or base, shopping, schools, parks, golf & more.

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Revenue Potential 

Revenue potential or mortgage Helper with a legal fully detached two-bedroom carriage home separately metered.     Amazing opportunity on a sun-drenched dead flat lot with no neighbours behind you.     The main three-bedroom three full bathroom home features a large open concept floorplan with a spacious kitchen and family room with glass doors leading to an expansive patio.     Granite countertops, crown moldings, stainless appliances, custom cabinetry, and tile work this home is sure to please.   Two-car garage, spacious yard, and even a backyard area for the carriage house so that the property feels like two separate homes completely.     Ample parking in the large driveway, this home is located…
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May30-1  

Canadian Inflation (May 2022) - June 22, 2022

Canadian prices, as measured by the Consumer Price Index (CPI), rose 7.7 per cent on a year-over-year basis in May, up from 6.8 per cent last month. This was the fastest growth rate since January 1983. According to Statistics Canada, price rises were broad-based, with groceries up 9.7 per cent year-over-year, gasoline up 48 per cent, and shelter costs up 7.4 per cent. Excluding gasoline, the CPI rose 6.3 per cent year over year in May. Month-over-month, on a seasonally-adjusted basis, prices were up 1.1 per cent, the fastest pace since the introduction of the series in 1992. In BC, consumer prices rose 8.1 per cent year-over-year. Average hourly wages grew 3.9 per cent year-over-year in

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Well-Maintained Manufactured Home on 3.24 acres freehold land

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Gorgeous rural acreage is located in Qualicum Beach.

Private and peaceful with landscaped yard, garden beds, small orchard, walking/dirt-bike/quadding trails, and only 11 min from QB.

Beautifully updated 2 bdrm plus den or extra bedroom, 1.5 bath manufactured home, tastefully re-painted, throughout, new hardware and light fixtures, tile, and vinyl flooring throughout, separate pantry/laundry room with a spacious kitchen area with lots of cupboard space and 2 skylights to bring in the natural light.

Outside enjoy the large deck, fenced dog run, a separate workshop, and fire-pit area.

Septic, well, propane furnace/forced air/hot-water tank, and wood-burning fireplace have

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Adorable Home in Saanich West Rudd Park

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 OPEN HOUSE, this coming: Saturday and Sunday, July 25th/26th, 2:00pm-4:00pm!

Welcome to 167 Little Eldon Place, considered a new build in 2013.

This home offers legal revenue potential on a quiet, family-oriented street and backs directly onto beautiful Rudd Park!

The main level features open concept living with large bay windows, a cozy fireplace, and gleaming hardwood floors.

The kitchen is spacious and provides a large island, stainless steel appliances, granite countertops, and ample countertop space.

A large covered deck off the back is a cozy space with views over the park and beyond.

There are two spacious bedrooms on the main floor and the loft-style master bedroom + ensuite

427 Views, 0 Comments

Living in Victoria vs Nanaimo, what's the difference?

Nanaimo is a little cheaper than Victoria. The cost of living in Nanaimo is about 8 -12% lower than in Victoria. Nanaimo is less crowded and has a population of greater Nanaimo of about 170,367 people, while greater Victoria's population is about 397,237people.

Homes for sale in Nanaimo BC are also a bit less expensive than homes for sale in Victoria, and experts say that real estate in Nanaimo is a very good investment given theLiving Nanaimo current Affordable Housing Crisis in Vancouver BC and the housing crunch in Victoria. To assist home buyers The Neal Estate Group has The top Nanaimo realtors ready to help in Nanaimo, Victoria and other location on Vancouver Island. 

Nanaimo also has a lower crime

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The pendulum has swung and continues to swing. Reviewing May and the Start of June, It is clear that the Victoria Real Estate market is shifting. Sales are declining while listings are increasing and the result is more options for buyers. The end of June is typically peak inventory after a flurry of spring listings but the Real Estate market has been anything but typical lately and there is a good chance listings will continue to outpace sales past June. 

Evaluating June to date by looking at sales per day and new listings per day compared to last June we see that the trend towards more listings and fewer sales is even more pronounced than in May. We are sitting at about 18 sales/day so far in June and 42.2 new listings/day. This is compared to 31

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Vancouver Island Real Estate saw many of the same trends as the Victoria region which in summation was sliding sales and building inventory. While the new trend (after years of the opposite situation) is refreshing for buyers as far as the options that are being presented to them, the situation is somewhat tainted by rising interest rates and decreasing affordability.

Digging into the Numbers, there was a total of 1,411 properties sold on all of Vancouver Island in May 2022. 650 of those sales took place in the Vancouver Island Board Area with the rest happening in the Greater Victoria region. Of those 650 Island board area sales, 455 were detached homes, 92 were condos and 103 were townhomes. Here is a breakdown of year-over-year and month-over-month

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