February 2023

A Pacific Coast treasure, Victoria, BC, is the beloved provincial capital on Vancouver Island. With its stunning Victorian architecture, scenic landscapes, and endless opportunities for outdoor adventures, this city is highly regarded as a great place to live.

Although Victoria's relatively low cost of living was once highly enticing to homebuyers and renters alike, prices have been slowly rising over the years. Despite that, the population continues to grow yearly and shows no signs of stopping. With the number of people moving to Victoria, predictions indicate that the population could jump by 22% in the next two decades. The city offers excellent value for the money, especially considering the vast selection of waterfront homes.

Ready to see

When moving to a new area, knowing what the local economy looks like truly matters. The leading industries, top career advancement opportunities, and the overall job outlook can all make a big difference in deciding exactly where to move.

People moving to Victoria, BC, can significantly benefit from seeing all the job opportunities in the tourism, technology, harbour, government, and education industries, for example. It's also helpful to know that employment opportunities are expected to grow by 1.5% each year through the next decade.

Read on to learn everything you need to know about the Victoria, BC, economy.

Top Employers in Victoria, BC

Victoria, BC, is home to many excellent companies with workforce numbers in the thousands. The

Are you looking for a cost-effective way to start investing in real estate? Thanks to the rising popularity of house hacking, real estate investing is more affordable than ever! House hacking is a simple concept that's catching on like wildfire in the real estate investment world. In this blog post, we'll explore how real estate investors are using house hacking to build their wealth and how you can do the same.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

What Is House Hacking?

House hacking is when someone purchases a property to live in themselves and offsets some (or all) of the monthly housing expenses with rental income. Investors commonly

Amazing Condo Complex

# 413 – 75 Gorge Road West is the BEST 1 bed 2 bath on the market.

Welcome to The Cedar Shores, a resort living at its finest.

This amazing condo complex comes with ALL the amenities starting with the indoor year-round pool, hot tub, sauna, tennis courts, and private social room.

This beautiful bright updated kitchen radiates a wonderful mix of warmth and elegance.

With your separate dining area overlooking your private patio flowing into your cozy living room with a real wood fireplace, you will feel right at home.

The two large sliding glass doors give your main living area ample sunlight all day long.

The sizable bedroom comes with convenient ensuite fair-sized cupboards and more than enough

Vancouver Island Real Estate - In January 2023, Vancouver Island saw 521 property sales, with the Vancouver Island Real Estate Board Area (VIREB) reporting 243 and the Victoria Real Estate Board Area (VREB) reporting 278. Of the VIREB sales, 165 were single-family homes, 42 were condos, and 32 were townhomes. For further details on the VREB numbers, please refer to our full Victoria report by clicking HERE.

Inventory saw a year-over-year increase, with 861 single-family homes listed in January compared to 257 one year ago, although listings dropped by 4% from the month prior. Similarly, condo

Victoria Market Overview - January was theoretically one of the slowest months for real estate sales in Victoria on record. I say theoretically because although the numbers were low the pre-number activity (calls, showings, and offers) was busy, especially in the second half of January and so far in February. Talk around the brokerage water cooler says this isn’t just our group. Almost everyone at RE/MAX Generation is busy fielding calls, updating their clients, and booking showings. Inventory is up and the coming soon hopper is bursting. 

The central bank is indicating that we have passed the time for big jumps and that interest rates will remain somewhat more stable for the time being. Affordability, meaning how much buyers are actually paying

The city of Victoria, BC, is a beautiful, water-privileged community and the largest city on Vancouver Island. Newcomers frequently want to know about traffic in Victoria since so many workers are employed in the downtown and surrounding areas. The good news is that Victoria is relatively easy to get around in once a person figures out the major roads to use or avoid at certain times, and there's an excellent public transportation system. For anyone considering moving to Victoria, this short guide will tell them everything they need to know about driving in the area.

Get to Know Your Major Roads

Highway 1, known as the Trans-Canada Highway, famously begins in Victoria. There's a Mile Zero Monument at Beacon Hill Park in South

3 Bed 3 Bath 3 Car Townhome

Welcome to Unit B-7880 Wallace drive this is the first time this stunning 3 bed 3 bath has ever been on the market.

As you conveniently walk into your newly 2022 renovated kitchen that boasts elegance with its quartz countertops, real wood cupboards, brand new sink, and fridge.

The open bright floor plan gives you a large at-home feeling right away.

Walk through to your fully fenced yard perfect for young kids, dogs, a small garden, and the bbq season.

Enjoy your evenings cozying up in front of the electric fireplace that has been the sole heat source for this home since 2014.

The ease of the powder room on the main floor makes entertaining simple.

Upstairs you will find your fully equipped and

Turn Key Ready 2 Bed bungalow no Strata Fees for the next 6 months!

Welcome home to # 12-1016 Dunford Ave, this meticulously well-maintained bungalow townhome has not been on the market for 13 years.

With crown molding throughout you can see the time effort and true craftsmanship as you walk in, the beautifully updated kitchen to the left, has real wood cabinets, soft roll drawers, stainless steel appliances, and a brand-new tap.

The bathroom was just recently updated with new countertops, cabinets, a low-flush toilet, a new fan, and a tap.

Central vacuum throughout the home 30 feet hose with sweep inlet valve in the kitchen and bathroom.

Multiple heat options with heat pump, all new baseboard heaters, and a pellet stove for that

Are you ready to make a move to your next home? There are many things to consider when planning for the future, and ensuring you're house-hunting with the right things in mind is essential. Whether you're planning to move to your first home or your fiftieth, considering these factors during your search and purchase will set you up for a solid future.

The Right Location

It's been said in real estate millions of times and needs to be repeated: location, location, location.

Most home searches focus on an ideal location, and there's a good reason for that. Location determines many aspects of your future lifestyle. You sleep and relax in your home, but you live outside around your home, too.

Before you settle in a specific area, get to know the