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January 2023

Found 12 blog entries for January 2023.

24-acre Outdoor Enthusiast's Dream in Mt Matheson


Welcome to an Outdoor Enthusiast’s Playground surrounding this 24-acre tax-free land including a 2004 home with a lake near the top of beautiful Mt. Matheson Estates!

Walk and hike the many trails and mountains, canoe, and birdwatch around your lake or relax in this retreat.

Future development opportunities are possible when the CRD connects to the community as there is a Watershed agreement at present that supplies water to the community.

The custom1 owner 3 bed 3 bath home captures nature with large viewing windows and spacious deck areas in this peaceful wilderness.

Enter the main bright vaulted living and dining areas, Hardwood floors plus 2 fireplaces plus an efficient

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Investment Opportunity


This is the lowest-priced piece of property in Langford Proper.

Just off Jacklin Road, in the heart of the Langford core, close to absolutely everything Langford has to offer, including but not limited to parks, schools, restaurants, and shopping, you will find Rita Rd.

This property is currently zoned R2 - One and Two Family Residential Zone, and is in the Official community plan as "City Centre" which will be focussing on higher density in the future.

The house sits on an 8,300 square-foot level lot, and has a walking path on one side of the property, but has been damaged in the rear by fire.

The house has been fully remediated of all asbestos and water damage by the insurance company and offers a huge

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Manufactured Home


Welcome home to #38 – 2785 Wallbank Rd, a lovely three-bedroom manufactured home at the quiet end of the Shawnigan Lake Mobile Home Park.

This is a family and pet-friendly park and only a few minutes' walk to Shawnigan Lake Village, the Lake, transportation, and more.

As you enter this cozy but spacious large family home, with over 1200sqft of living space, you will see it has been beautifully maintained and recently painted both inside and out.

The redesigned kitchen opens up the sunlight-filled living room giving plenty of space to relax or entertain.

Modern flooring throughout the main living areas, with a new fridge, stove, and range hood, tons of storage space, and an updated bathroom.

The master of the

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Cook St Village Gem


Welcome to The Midlands, a fantastic 2 BDRM quiet end unit Garden level condo on the Southwest corner right in the heart of Cook St Village!

You're sure to love the large open flow between the living room and dining room with beautiful Oak hardwood floors and cozy electric fireplace.

The galley-style kitchen offers plenty of storage and your in-suite laundry!

The two bedrooms are separated by a large 4-piece bathroom including a large walk-in shower, wheelchair accessible, and claw-foot bathtub with "cheater" access to the massive primary bedroom including tons of storage!

The large sun-drenched glassed-in patio offers "outdoor" living year-round!

Just steps to Cook st Village, with all its amenities, and a

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Fleetwood Rancher


Welcome home to 2419 Fleetwood Court, a meticulous three-bedroom rancher at the end of a quiet six-home neighbourhood at the base of Bear Mountain.

Built by Verity Developments, an award-winning developer, you will immediately feel the quality and superior workmanship. Gleaming white Oak floors greet you as you enter the open-concept tastefully designed home.

A large family room with a cozy fireplace awaits along with a glass french door that will lead you to a private south-facing patio to enjoy your morning coffee or an evening toast.

The kitchen is very spacious and offers a large island to provide ample countertop room for preparing dishes.

Quartz cabinets, maple cabinetry, stainless steel appliances,

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Canadian Housing Starts (December 2022) - January 17, 2023

Canadian housing starts declined 5.5 per cent to 248,625 units in December at a seasonally-adjusted annual rate (SAAR). Starts were up 1.4 per cent from December of 2021. Single-detached housing starts fell 10.4 per cent to 58.5k, while multi-family and others fell 3.9 per cent to 190.1k (SAAR). 

In British Columbia, starts rose by 20.7 per cent in December to 58.6k units SAAR in all areas of the province. In areas in the province with 10,000 or more residents, single-detached starts rose 2.7 per cent m/m to 7.2k units while multi-family starts rose 25.1 per cent to 47.4k units. Starts in the province were 5 per cent above the levels from December 2021. Starts were up by 10k in

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Canadian Inflation (December 2022) - January 17, 2023

Canadian prices, as measured by the Consumer Price Index (CPI), rose 6.3 per cent on a year-over-year basis in December, a decrease from the 6.8 per cent rate in November. Falling gasoline (-13.1 per cent month on month) and fuel oil prices drove the decline, while softening costs for durable goods such as furniture and used vehicles also slowed price appreciation. Rising interest rates contributed to an increase in mortgage interest costs, which were up 18 per cent year-over-year as Canadians renewed or initiated higher-rate mortgages. In contrast, the Homeowner's Replacement Cost, which tracks home prices, continued to slow, pushing the CPI downwards. Month-over-month, on a

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Vancouver Island Real Estate - In December 2022, a total of 612 properties were sold on Vancouver Island, with 262 sales reported by the VIREB and 350 by the VREB. Of the VIREB figures, 200 were single-family homes, 35 were condos, and 27 were townhomes. For further details on the VREB numbers, please refer to our full Victoria report by clicking HERE.

  Year/year Month/month
Single Family Dwellings -10% -18%
Condos -53% +36%
Townhomes -46% -41%

Last month, there were 895 active listings of single-family detached properties, a 25% decrease from the previous month but a whole 299% increase from the 223 available one year ago. Condo listings numbered 248, a 13% drop from November but a 268%

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Victoria Market Overview - As we marked the start of a new year, we took the opportunity to look back at Victoria Real Estate’s journey in 2022. The year began with record-low inventory, high sales, and rising prices; however, lending rates increased in response to inflation fears and prospective buyers paused as affordability became a greater challenge. Home Price Index Benchmark prices peaked in June, but by the end of the year, single-family homes in the core had declined 12.3%, bringing them back to their December 2021-January 2022 Benchmark prices. Although the market is showing signs of a more balanced market, inventory is still low and the lack of buyer participation is keeping it that way. If buyers return in force, the market could quickly

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Charming Home at the Base of Bear Mountain


Welcome to 972 Cavalcade Terrace, a charming home at the base of Bear Mountain and only steps to Costco, shopping, coffee shops, and more.

An ideal floorplan as a four-bedroom home or a three-bedroom up and a one bedroom inlaw suite down with a large entryway separating the two living spaces to keep them joined or separate depending on your needs. 

Up, the main suite offers a bright airy great room with 9-foot ceilings, large windows, and a skylight for ample natural light. 

A large balcony takes in all day sun from its South facing front.

The cozy gas fireplace completes the family room that is open concept to the dining and the spacious kitchen. 

A chef's delight with ample

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