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April 2023

Found 14 blog entries for April 2023.

Executive Inner Harbour Condo with Views

Introducing a stunning North-East facing corner suite, boasting views of the Inner Harbour, Fisherman's Wharf, and splendidly landscaped water gardens.

This exquisite 1634 sq. ft. suite is located in the prestigious Harbourside complex and features superior quality construction and a fantastic floor plan awaiting your renovation dream ideas!

As you enter this spacious home, you are greeted by a large den, a corner living room with a cozy gas fireplace, and an open dining room, providing ample space for comfortable living.

The sunny breakfast area off the kitchen is the perfect spot to start your day with a cup of coffee and enjoy the stunning views.

Down the hall, you have a full 3-piece bath,

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A Spacious and Well-maintained Home

marinacres103cs Welcome to 3960 Wedgpoint Terrace, a spacious and well-maintained home that spans over 5580 sqft and boasts four bedrooms and four bathrooms, plus a bonus room.   Situated on almost half an acre in the peaceful and private Wedgewood Point with mature gardens and soaring trees.    The foyer is bright and airy, leading to the elegant living room with large floor-to-ceiling windows looking out over the yard with its calming water feature and stamped concrete patio.   The spacious kitchen features an oversized island, loads of cabinetry, high-end appliances, and custom granite countertops.   This chef's dream kitchen is adjacent to the family room, with access to a large covered deck…
1,421 Views, 0 Comments

Market Update

The Victoria Spring Market is a tale of sluggish sales and a rush of new listings. At the midpoint of May sales per day are down about 20% while new listings per day are up about 30% compared to last year. While there is lots of time left in May for sales to catch up (and we are seeing lots of activity around the office), April’s sales were much closer to 2023 which was an already somewhat sluggish year.

It is possible we are seeing a little bit of a pause as buyers wait to see what happens with the next rate announcement which is scheduled for June 3rd. While of course opinion varies widely and no one yet knows for sure, many economists are predicting the first 25-point rate cut.

Getting into the Numbers

Looking at April, a total of 678 units

12,836 Views, 0 Comments

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May30-1  

Canadian Retail Sales (February 2023) - April 21, 2023

Canadian seasonally adjusted retail sales fell 0.2 per cent in February to $66.3 billion. Sales fell in 4 of 9 subsectors, but the decrease was led by lower sales at gasoline stations and fuel vendors (-5.0 per cent) and general merchandise retailers (-1.6 per cent). Core retail sales, which strips out gasoline and motor vehicle and parts dealers, rose 0.1 per cent. In volume terms, sales fell 0.7 per cent in January. 

In BC, seasonally adjusted sales fell 3.3 per cent in February. Compared to the same month last year, retail sales were down 0.3 per cent in the province. In the Greater Vancouver region, sales were down 4.4 per cent month-over-month and 2.4 per cent year-over-year. 

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3 Bedroom Rancher Townhouse with Double Attached Garage

marinacres103cs

Rare find in a great location, close to all amenities at Admirals Walk and steps to the water. 

This 3 bedroom, 2 bathroom rancher with a double attached garage is ready for you to call home. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Find Out More About 1-126 Hallowell Road

Talk to our team to learn more about this 3 Bedroom Rancher Townhouse with Double Attached Garage

Request a Tour

955 Views, 0 Comments

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May30-1  

Canadian Inflation (March 2023) - April 18, 2023

Canadian prices, as measured by the Consumer Price Index (CPI), rose 4.3 per cent on a year-over-year basis in March, a decrease from the 5.2 per cent rate in February. This large drop was mostly due to base year effects; the CPI was rising quickly this month last year and fuel prices in particular are substantially down from a year ago. Grocery prices continue to rise quickly, up 9.7 per cent from last year, following seven consecutive months of double-digit increases. Mortgage interest costs were up 26.4 per cent year-over-year, the fastest pace on record, as Canadians renewed or initiated higher-rate mortgages. In contrast, the Homeowner's Replacement Cost, which tracks home prices,

984 Views, 0 Comments

Magical Ocean View 4 Bed 4 Bath over 5000 sq ft on .43 acres

marinacres103cs

Magical Ocean and Coastal Mt. views of the renowned Campbell River Fishing Pier, Marina and Discovery Paggage creating your backdrop to this 4 Bed 4 Bath Custom Craftsman home offering over 5000 sq. ft. on .43 acres.

The crafted fir entry systems from the private courtyard lead to the light-flooded creamy kitchen where entertaining is easy with oversized granite Bakers Island, ALL the Bells and Whistles featuring front garden seating views, and rear Ocean Delights!

Your eye captures the Open Fir Staircase and Walnut Display wall entering the spacious Dining and Living areas with a slate wood fireplace surrounded by wood windows and access to seating everywhere!

Family room

1,165 Views, 0 Comments

Victoria Most Expensive Neighbourhoods

The city of Victoria is known for its picturesque landscapes, stunning architecture, and vibrant culture. It is also home to some of the most expensive neighbourhoods in British Columbia. These neighbourhoods boast waterfront properties, stunning views, and upscale amenities that attract those looking to live in luxury. Whether you are moving to Victoria or just curious about the city's most expensive areas, this article provides insight into the most expensive neighbourhoods in Victoria.

Fernwood

Fernwood's historic, walkable community is located just east of downtown, bounded by Shelbourne, Haultain, Cook, and Fort Streets. The community is centred around Fernwood Square, located at the intersection of Fernwood Road and Gladstone Avenue. It's

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Urban Living at its Best!

Urban Living at its Best!

This meticulously well-maintained 3 bedrooms, 2 ½ bathroom townhome boasts an open concept main floor, generous room size, and lots of storage space.

The home is move-in ready and outdoors is a lovely patio area.

The wicker furniture is even included!

Conveniently located close to downtown, parks, schools, and grocery stores within walking distance, and across from Crystal Pool.

Book your showing today to see all that this home has to offer!

Find Out More About 1-2210 Quadra Street

Talk to our team to learn more about this listing. 

Request a Tour

274 Views, 0 Comments

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Bank of Canada Interest Rate Announcement -
April 12, 2023

The Bank of Canada maintained its overnight rate at 4.5 per cent this morning. In the statement accompanying the decision the Bank noted that demand in Canada still exceeds supply and labour markets remain tight and that first quarter economic growth looks stronger than expected. However, the bank expects consumption growth to slow this year as households renew mortgages at higher rates and growth in exports and investment will decline as the US economy slows substantially in coming months. On inflation, the Bank expects headline CPI inflation to fall to 3 per cent in the middle of this year before declining gradually to 2 per cent by the end of 2024. However, the Bank warned getting

1,804 Views, 0 Comments