September 2022

Stunning One-of-a-Kind Custom-Built Home in Silver Spray East Sooke

Welcome to 7405 Thornton Heights, a stunning one-of-a-kind custom-built home in Silver Spray East Sooke with breathtaking views spanning over the Sooke Basin beyond. 

Nestled in the trees with multimillion-dollar homes surrounding you but not a single one in sight with the fresh smell of the ocean and chirping birds surrounding. 

Your backyard is a 250-acre park with trails throughout and private strata access. 

The construction is extremely high-end with ICF concrete construction for the foundation and walls, glulam beams, fibreglass, and wood encased windows, and solid wood doors. 

Perched out above the road this architectural beauty is situated to maximize views

Half Duplex in Beautiful Sidney

Welcome to 9547 Sharples Road in beautiful Sidney.  

This half duplex offers 6 bedrooms including a two-bedroom fully self-contained above-ground suite.  

Extreme value here as a revenue property or a mortgage helper with no strata fees or restrictions.  

An ideal setup the upper suite offers a large open concept family and dining room as well as a spacious kitchen with a large island and coffee bar.  

Loads of windows create natural light all day from the southern exposure and a deck to look out over the fully fenced yard below as you barbecue up your dinner.  

All three bedrooms up are a good size and the primary has a walk-in closet and three-piece bath.

Completing the main suite is a garage

Private two-bedroom condo at the foot of Thetis Lake Park

Welcome to Aspen where your private two-bedroom condo awaits at the foot of Thetis Lake Park.  

The views from every window are of the lush forest beyond in a peaceful setting and well-maintained building.

The floor plan is ideal with the kitchen and the family room in the centre separating the bedrooms.  

The kitchen is bright and open with a pull-up coffee bar, stainless appliances, maple cabinetry, granite countertops, and pendant lighting.  

The stylish engineered hardwood floors have been updated and fresh paint throughout gives a modern cozy beach vibe.

 The primary bedroom is spacious and offers a walk-through closet to the washroom.  

Extra tall ceilings in

Huge Property with Small Price Tag

Just a short drive and easy commute out of Victoria, you will find this hidden gem of a mobile home park on top of the Malahat tucked peacefully right next to Spectacle Lake Park.

This park offers you lot of sizes you will not see anywhere else!

This home is set at the front of a huge private fenced yard and offers lots of parking and ramps up to its large deck for wheelchair or scooter access.

The property is treed and it really feels like you are living in the forest of Vancouver Island - because you are!

Off the deck, you enter into the open living area which features an efficient cozy wood stove and lots of light with all of the windows.

The kitchen is a reasonable size and includes newer

The Retirement Dream Home 

Welcome home to 640 Hirst Ave, where you are nestled in the quaint town of Parksville, close enough to walk to all the shops, restaurants and a short 20-minute walk to one of the top six beaches in all of North America.

You will find this bright sunny well thought out floor plan perfect for all your needs with gorgeous skylights throughout the entire home.

Recently updated bathrooms and kitchen that includes all new appliances, granite countertops and new windows throughout you will have nothing to do but move into this turn-key home.

A few extra bonus factors are the heat pump, new washer and dryer, underground water system, natural gas stove, fireplace, bbq hook-ups, and forced air natural gas furnace the

Vancouver Island Real Estate - saw big increases in year-over-year inventory due and the continuation of slower sales.

Digging into the Numbers - on all of Vancouver Island, there was a total of 902 properties sold in August 2022 (both Victoria Real Estate Board (VREB) and Vancouver Island Real Estate Board (VIREB). For a closer look at VREB numbers click HERE. Looking at the VIREB numbers, of the total 424 sales in that area 307 were single-family homes, 66 were condos, and 51 were townhomes. Here is a breakdown of year-over-year and month-over-month percentages for each property segment:

Listings

Victoria Market Overview - Sales continued their lethargy in August as is somewhat typical of a Victoria summer market. As the volume of transactions dropped (even from an already slow July), inventory kept near pace with the previous month with only 25 listings less on the market. Since the end of August, new listings have not been keeping pace as some buyers come back to the table. A table that appears to be much more favorable to buyers for now, at least compared to recent climates.

Getting into the numbers - 478 properties sold in August in the Victoria region, 42.5% fewer sales than August last year and 6.3% less than July 2022. Condos were hit the hardest with only 148 sales (57.1% down year over year) while there were 249 single-family home

Canadian Employment (August 2022) - September 9, 2022

Canadian employment declined by 40,000 (-0.2 per cent) to 19.527 million in August, falling for the third consecutive month. The Canadian unemployment rate also jumped by 0.5 to 5.4 per cent, rising from the lowest rate on record in the prior two months and up for the first time in seven months. Average hourly wages were up 5.4 per cent year-over-year, increasing from 5.2 per cent in June and July. Wage gains remain below the inflation rate, however, which hit 7.6 per cent year-over-year in the most-recent data. Total hours worked were unchanged in August, but are up 3.7 per cent year-over-year.

Employment in BC declined by 28.1k to 2.719 million in August, while Metro Vancouver's