Canadian Monthly Real GDP Growth (January 2022) -
March 31, 2023

Canadian real GDP jumped 0.5 per cent in January, falling a 0.1 per cent contraction in December. The rise in GDP was spread across both goods-producing industries (+0.4 per cent) and services-producing industries (+0.6 per cent). Growth was led by a rebound in oil sands extraction after unplanned maintenance in December, coal exports to China, durable goods manufacturing, and construction activity. Canadian real GDP is now roughly 3.2 per cent above its pre-pandemic, February 2020 level. Preliminary estimates suggest that output in the Canadian economy rose 0.3 per cent in February.

The large jump in GDP in January bucked expectations of continued slowing as tighter monetary

When it comes to living the high life, you may be pleased to know that British Columbia's capital city, Victoria, has plenty to offer. Nearly 400,000 people call this city home, and many homebuyers moving to Victoria opt to live in high-rise condominiums.

Victoria's condominium complexes feature various amenities, floor plans, and a wide range of home prices. As a general rule of thumb, the higher a condo's floor or unit number, the higher the selling price; however, several factors contribute to pricing, especially location, unit size, building amenities, and in-unit features. Here's everything you should know about some of the most expensive condominiums in the city of Victoria, BC.

Customs House

Nestled in the heart of downtown Victoria,

Canadian Inflation (February 2023) - March 21, 2023

Canadian prices, as measured by the Consumer Price Index (CPI), rose 5.2 percent on a year-over-year basis in February, a decrease from the 5.9 percent rate in January. This large drop was mostly due to base year effects, as inflation increased strongly this month last year. Grocery prices continue to rise too-quickly, up 10.6 percent from last year, the seventh consecutive month of double-digit annual price growth. Mortgage interest costs were up 23.9 percent year-over-year, the fastest pace since 1982, as Canadians renewed or initiated higher-rate mortgages. In contrast, the Homeowner's Replacement Cost, which tracks home prices, continued to slow, increasing 3.3 percent

There's a multitude of reasons for moving to Victoria, British Columbia, including its wide variety of schools and universities. Most children travel short distances to attend classes because the city of Victoria has more than 100 primary and secondary schools. Some specialize in language immersion or preparation for college. Adult students can find several top-notch colleges in Victoria—including public research universities, technical schools and private career colleges—and continuing education classes at public high schools. Read on to learn the details about schools in Victoria.

Public Schools in Victoria, BC

Greater Victoria District 61 serves approximately 20,000 students across much of Victoria and several nearby locales, such as Oak

A Quiet Nature Lovers Community 

Welcome to 2742 Alderbrook Place in the eclectic coastal community of Shirley BC, a quiet nature lovers community on Vancouver island just a short 20-minute drive past Sooke.

This charming property offers ocean views from the living room, kitchen, and primary bedroom and has a trail that leads you to the East end of French beach which is almost always vacant. 

Full privacy from everywhere on the 1.41 ace property with lots of room for parking and a detached two-car garage or shop. 

The main home has an open-concept vibe with vaulted ceilings, rustic wood floors a spacious kitchen, and a great room area perfect for lounging. 

In the corner, a cozy woodstove crackles as you look at the large bay windows

Set on the southeastern tip of Vancouver Island, Victoria is one of the oldest cities in the Pacific Northwest and one of the most popular for British Columbia homebuyers. The metro area's more than 350,000 residents enjoy a thriving Victoria economy, charming, unique neighbourhoods, and excellent access to the area's beautiful waterways and green spaces. Still, with a decision as significant as buying a home, deciding where exactly to put down roots can be challenging. So read on as we break down eight of the top neighbourhoods in Victoria, BC, and why they're worth a look.

Cook Street Village

Those looking to enjoy life in a quaint but bustling commercial district should check out Cook Street Village. The community straddles Cook Street from

Vancouver Island Real Estate - In February 2023, a total of 794 properties were sold on Vancouver Island, according to the Vancouver Island Real Estate Board Area (VIREB) and the Victoria Real Estate Board Area (VREB), with VIREB reporting 334 sales and VREB reporting 460. 220 single family homes, 64 condos, and 50 townhomes were sold by VIREB. For further details on the VREB numbers, please refer to our full Victoria report by clicking HERE.

In February, the number of single-family homes listed increased year-over-year from 345 to 937, and from 861 in January. Likewise, condo apartment listings

Victoria Market Overview - Last month we talked about increased “pre-data” activity and anecdotal evidence of both buyers and sellers returning to the market. By the end of February, the numbers caught up and reported significant increases in sales from January although not enough to rival February 2022 when the market was stronger overall. Some of this activity is simply seasonality as we head into what is traditionally the busiest time in Real Estate.

Somewhat more interesting is that inventory posted very small gains from January which created a wild swing in “months of inventory” (MOI) which is a tool for gauging if a market is a buyer or seller market. As we have said in almost every update for the last six months, the market is currently very

3-4 Bed 3 Bath home on .23 acre for nature lovers in South Valley

Welcome to 4038 South Valley Drive, where nature meets amenities set on a .23-acre beautifully landscaped corner lot in award-winning Peers Creek of South Valley.

The lovely gardens surrounding the home are enjoyed by several covered seating areas with room to build a shop or garden suite with eligibility and an approved permit.

The main level walkout is a fabulous layout with a separate living room, gas fireplace, and generous dining room large enough for the whole family PLUS a great room and a den or 4th Bedroom!

You will love the Millwork and character Wainscotting, columns, overheight tray ceilings, and large viewing windows!

The kitchen features a large

A large two-bedroom ground unit in a complex

Welcome to Unit 113 at 485 Island Highway stunning SOUTH FACING WATERFRONT at Waters Edge Complex.  

A large two-bedroom ground unit in a complex offering an OUTDOOR HEATED POOL, SAUNA, recreation area, and KAYAK storage this is a lifestyle to be envied.  

Wake up to the birds playing in the water or stroll down to the little private BEACH, take a walk on the WATERFRONT TRAIL, or just enjoy a morning coffee from your large sundeck overlooking the bay.

This home acts more like a townhouse with exterior entry and features a large full-size kitchen featuring and a sit-up bar with a built-in wine rack.  

The large family room area features a wall of glass leading to the massive patio to