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August 2022

Found 4 blog entries for August 2022.

Vancouver Island Real Estate Overview - Vancouver Island is seeing a significant slow down in sales as buyers wait on the sidelines to see what will happen next. Rising interest rates have taken a chunk out of the affordability pie and hesitancy about what home prices will do in the near future have many not wanting to buy at a peak. Summer is typically a slower period in Real Estate and seeing how many buyers return in the spring will tell us a lot about the medium-range future of the market.

Digging into the Numbers - There was a total of 933 sales on all of Vancouver Island. 510 of those sales were in the Victoria area and you can read more about or Victoria report HERE. The rest of the sales were in the Vancouver Island Real Estate Board area

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Reviewing July and August to Date in the Victoria Real Estate Market - Both July and August have seen a huge decrease in property sales in Victoria as well as significant increases in inventory. And as of August 15th, Victoria is trending well under half last year's sales volume (12.6 sales per day compared to 28.8 sales per day in August last year). These numbers show a continuation of a slow down which was present in July and will likely continue at least until the end of the month and likely longer. This “slow down” relieved a lot of pressure from any buyers who are still out there looking and is considered by most to be a sign of a pretty reasonable market correction. The swift change has revealed lots of opportunities where there might not have

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ATTENTION DEVELOPERS AND INVESTORS!

marinacres103cs

Already zoned medium density allowing for a large townhouse site this property is located in the ideal location in what is slated as the new Duncan town centre and very close to the new hospital that has already begun construction.  

This lot is situated perfectly between Fairfield and Ortona Road, so access is easy to enter in on Fairfield and exit to Ortona.

The land is flat and rectangular creating a very easy and cost-effective development.

There is a home on the property that is tenanted and sellers would prefer a long close so this allows ample time for permits.  

Expected to fit approximately 44 townhomes, buyers to do their due diligence. 

Find Out More About 2817 Fairfield Street

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Modular Home where you own the land

marinacres103cs

Welcome home to # 77 - 2911 Sooke Lake Road.

This incredibly well-run adult-only Co-Op is run by the owners of the park themselves, that could be you!! 

This widely sought-after adult CO-OP Park (16+), is not a pad rental, but a 1/93rd shared ownership w/ low taxes & low monthly co-op fees.

The fee includes water, garbage pickup, basic cable TV, reduced Telus internet plan (optional), land taxes for the common area, and Property Management.

This is the perfect place for you, with a front and back porch for relaxing and a fully fenced yard your two pets will be safe in their own private space. 

Don't miss out on your opportunity to share a piece of land here at Sooke Lake Modular Home Co-Op

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