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Victoria & Vancouver Island Real Estate Blog

Victoria & Vancouver Island Real Estate Blog

Conveniently Located Country Acreage

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Enjoy the beauty and serenity of this 3.0-acre country estate in Errington while still being conveniently located only minutes from Coombs market and City of Parksville.

As soon as you enter the front gates you will notice the spectacular oasis created from years of loving care.

This fully fenced landscaped acreage with fruit trees throughout and a beautiful garden and greenhouse will delight the gardening enthusiast.

You won’t miss this terrific workshop set up in a roomy 2-car garage and custom cabinets for all your tools, as well as an additional workshop with a bay door for storage or your toys.

If you love to entertain outdoors then you will appreciate the backyard bar and fire-pit area.

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May30-1  

Canadian Employment (April 2022) - May 6, 2022

After growing in February and March to a record level, Canadian employment was little changed in April at 19,601k. The labour market is tight, with the Canadian unemployment rate declining by 0.1 to 5.2 per cent, the lowest rate on record since comparable data became available in 1976. The total hours worked fell 1.9 per cent in April while average hourly wages were up 3.3 per cent on a year-over-year basis, similar to March and February. Wage gains are below the inflation rate, however, which clocked in at 6.7 per cent year-over-year in the most-recent data. The employment rate held steady at 61.9 per cent.

Employment in BC was largely unchanged in April at 2,736k. Metro Vancouver's

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Beautiful 4 Bedroom/2 Bath Home in Departure Bay Beach

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Coming Soon Highlights:

- Departure Bay Beach; Semi-Waterfront

- 4 bedroom/2 bathroom, 1900 sqft home

- Additional 1 bedroom/1 bathroom suite with separate entrance

- Complete and tasteful updates throughout

- Fully fenced, landscaped 0.16 acre property

- 6 x 12 Powered Workshop

- Plumbing/Electrical upgrades 5 years ago

- Hot Water Tank 3 years old

- New 25 year Roof

- Future development potential and/or holding property

- Part of Commercial Centre on Official Community Plan

   
   
   
   
   

Find Out More About 2725 Departure Bay Road

Talk to our team to learn more about this Beautiful…
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May30-1  

Canadian Monthly Economic Growth (February 2022) - April 29, 2022

The Canadian economy jumped 1.1 per cent in February, up for the ninth consecutive month. Goods-producing sectors rose 1.5 per cent while services-producing industries were up 0.9 per cent. Canadian real GDP is roughly 1.5 per cent above its pre-pandemic, February 2020 level. Preliminary estimates suggest that output in the Canadian economy grew 0.5 per cent in March.

With a a very high figure for February and strong preliminary numbers continuing into March, the Canadian economy appears to be on a strong growth path as it emerges from the Omicron-related slowdown. The Bank of Canada has noted that the slack in the Canadian economy is largely absorbed, which is partly why it

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Shawnigan Lake Waterfront Property

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Welcome to 2730 Heald Road, a one-of-a-kind property with so much opportunity sitting at .73 of an acre and situated along the water of Shawnigan Lake in arguably the best location. 

The property line runs long giving panoramic views from all parts of the expansive property and borders with the park providing a beautifully flat lot with no neighbours. 

There are currently two homes on the property, one, a two-bedroom with loft, and the other a four-bedroom home. 

Keep the property as is but likely the new owner will want to take advantage of this ideal location where beach volleyball is at your doorstep and steps to the private beach.

Only a block to the town centre, bring your kayaks and your

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May30-1  

Canadian Inflation (March 2022) - April 20, 2022

Canadian prices, as measured by the Consumer Price Index (CPI), rose 6.7% on a year-over-year basis in March, up from 5.7% in February. This was the largest gain since January 1991 (+6.7%). According to Statistics Canada, price rises were broad-based, with groceries up 8.7% year over year, gasoline up 39.8%, durable goods up 7.3%, restaurants up 5.4%, and shelter costs up 6.8%. Excluding gasoline, the CPI rose 5.5% year over year in March. On a monthly basis, prices were up 1.4%, following an increase of 1% in February. In BC, consumer prices rose 6.0% year-over-year. 

With inflation stubbornly high through the first quarter of the year and unemployment in Canada hitting a record low, the

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Beautiful Home on Wurtele Place

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Wow! Great views from this original custom-built home.  

Welcome to this wonderful 4 bedroom, 3 bathroom home in a prime location in Rockheights.

This home has been well cared for and kept in its original condition.  

Upon entering, you will feel like you're back in the 70s, perfect for those who love retro, if you want a more modern design, all it needs is your personal touch to make it a wonderful family home.

You'll appreciate the oversized double attached garage that has plenty of room for two cars and a spacious workshop.  

With a lot size of approximately 14000 square feet, you have many options....is a carriage house in your plans?

Maybe you want to add a suite to help with your

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2022 Federal Budget - Housing Highlights

  Here is a summary of the federal budget with respect to housing and our industry and my views;    1- A tax free housing account up to $40,000 for first time buyers which is great and allows saving towards down payments without any tax implication or conditions contrary to current available options but rest assured this will add more demands into the pool of buyers over the long term.    2- The budget once again blamed flippers, speculators, blind bidding and foreign buyers for high prices . The government is proposing a two-year ban on purchases of residential real estate by people and companies who aren't citizens or permanent residents but Refugees, some international students and people…
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Well Maintained Home at the End of a Quiet Cul-De-Sac

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Conveniently located in Cinnabar Valley of Chase River is this well-maintained 4 bedroom, 2 bathroom home at the end of a quiet cul-de-sac. Beautiful fully fenced yard with pear, apple, plum, peach and cherry trees, raised garden beds, a gazebo and pond to enjoy the tranquility of birds chirping and privacy by being situated on Richard's Marsh Park. Upstairs we have a bright spacious kitchen and eating area with a view of the marsh, new dishwasher, lots of cupboards, pull-out shelves in pantry and ceramic tile floors. Master bedroom has additional closet space and pocket door to main 4 piece bathroom. Another additional bedroom that can also be used as a den. Laundry room with pedestal

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March is typically the start of the busy season in Real Estate and this March wasn’t particularly unusual in this respect. Fewer homes sold in March on Vancouver Island compared to the same month last year, but increased compared to February. The much-anticipated easing of restrictions could be the culprit of any missing bounce in the early spring market as many people feel more comfortable travelling. In the meantime, inventory crawled upwards.

Digging into the Numbers, there were 1,588 total sales on Vancouver Island in the month of March. Of those 1,588 sales, 755 of them were in the Vancouver Island Real Estate Board (VIREB) area and the rest were in the Victoria Board area (VREB). Of those 755 sales in the VIREB area, 528 were single-family homes,

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