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Victoria & Vancouver Island Real Estate Blog

Victoria & Vancouver Island Real Estate Blog

A Newly Built Three Level Home

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Welcome to 3500 Myles Mansell Road, a newly built three-level home in the Westshore only minutes to town centre.  

High-end finishing throughout, the main level features engineered hardwood floors, large windows for loads of light, a cozy fireplace, and custom lighting throughout.  

Open concept living with a private patio connected to a spacious family room, dining room, and chef-inspired kitchen complete with a large island, quartz countertops, gas range, and custom cabinetry.  

Upstairs you will find three generous-sized bedrooms, the primary featuring a large walk-in closet with built-ins, another fireplace, and a spa-like ensuite with a soaker tub, dual sinks, and a walk-in shower.  

Down is an

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Executive Home on Private Lake

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Welcome home to 5216 Stag Rd, a serene half-acre property with private dock on the beautiful Fork Lake, a stunning 10 Acre spring-fed lake, located in the eastern Highlands and bordering on, and with private access to, Mount  Work Regional Park.

You'll feel a million miles away from it all, yet just minutes to all that you need with 30 mins to Downtown Victoria and just 15  minutes to Millstreams big-box shopping district.

This is one of Victoria's best-kept secrets! 

The Beautifully updated 4 Bed, 4 Bath home is perched just above and boasts amazing views of this pristine lake from much of the home, but the tranquility found relaxing in your back yard, on the huge new two tear deck, or from the hot tub

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bcrea stats release

CLI Dips in Fourth Quarter 2021

stat release may 13 2020  

The BCREA Commercial Leading Indicator (CLI) fell to 149.7 from 150.6 in the fourth quarter of 2021, representing the second consecutive decline since the economy began recovering from the recession induced by COVID-19. Compared to the same time in 2020, the index was up by 3.8 per cent.

The CLI dropped in the fourth quarter due to declines in the financial and employment components of the index. The decline in the employment component of the index was driven by a 4.1 per cent decline in finance, insurance, and real estate (FIRE) employment and a 6.2 per cent decline in professional services employment. Workers in sales and services occupations drove much of those declines, with workers in this subsector down

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Luxury custom built home on triangle mountain 

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Luxury custom built home on triangle mountain perched looking over the neighborhood and forests beyond.

Easy care lot with great use of space for parking and privacy.

Main level entry with a desirable open floor plan featuring a family room, office, dining room, living room and large gourmet kitchen with cherry cabinets and stainless steel appliances.

A warm home with fir planking, 9-foot ceilings, wrap-around deck and over 3300 square feet of luxury living.

The master bedroom has a walk-in closet and ensuite with heated floors, walk-in shower and a large jetted tub.

Laundry is conveniently located upstairs as well; two more bedrooms and bath complete this level.

Downstairs the

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bcrea header

Bank of Canada Interest Rate Announcement -
March 2, 2022

As widely expected, the Bank of Canada raised its overnight policy rate this morning to 0.5 per cent, an increase of 25 basis points. In the statement accompanying the decision the Bank noted that the invasion of Ukraine by Russia has added a major new source of uncertainty to the global economy, and it expects the fallout to include upward pressure on inflation and possible supply disruptions. However, economic growth in Canada finished 2021 stronger than expected and persistently higher inflation increases the risk up a continued upward move in inflation expectations. As such, the Bank states that it believes interest rates will need to rise further.

The Bank must now contend with
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bcrea nowcast

BC Monthly Real GDP Estimate for December 2021 and Preliminary Estimate for January 2022

  aug31

The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for December 2021 is 5.1 per cent. For comparison, year-over-year growth in the Canadian economy in December was 3.9 per cent. The preliminary estimate for January 2022 is 4.2 per cent. The BCREA Nowcast estimate of average growth in the BC economy in 2021 was 6.3 per cent. The 4.2 per cent estimated growth in January is the second highest starting point in the history of the Nowcast. Growth in January 2000 started at a Nowcast estimate of 4.5 per cent and ultimately actual real GDP growth for that year was 4.55 per cent.

Download the full report

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bcrea header

May30-1  

Canadian Monthly Economic Growth (December 2021) - March 1, 2022

The Canadian economy remained essentially flat on a month-over-month basis in December amid new restrictions implemented to control the Omicron variant. Canadian real GDP is roughly 0.3 per cent above its pre-pandemic, February 2020 level. Preliminary estimates suggest that output in the Canadian economy grew 0.2% in January.

Growth in 2021 clocked-in at a robust 4.6 per cent, while the economy accelerated in the fourth quarter with real GDP growth hitting 6.7 per cent annualized. Even with an expected Omicron driven slowdown in the first quarter of 2022, the Canadian economy is clearly on a very strong growth path. At its most recent meeting, the Bank of Canada noted that the

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Adorable, 3 Bedroom Cottage on 5 Acres

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This adorable, 3 bedroom cottage on 5 acres in the city of Parksville is a one-of-a-kind property.

The cottage was renovated, with new quartz countertops, flooring, and paint.

This property was updated with 2 new septic tanks, 4 RV hook-ups and 5 tent spots.

Minutes away from the gorgeous Rathtrevor Beach steps away from the Englishman River.

Being right in the city of Parksville you are central to all the fabulous amenities Parksville has to offer.

The perfect getaway for you, your family, and friends to enjoy for years to come.

This one won't last long once it hits the market.

 

   
   
   

Find Out More About 319 Martindale Road

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Sunny Lexington Park Condo lives like a 2 Bedroom!

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Lexington Park Sunny updated 1 Bed and Large Den Condo lives like a 2 Bedroom with glass block letting the light filter in.

Driving up to the immaculate and well-cared for building close to downtown you will feel safe and right at home in this 2nd-floor unit.

The entry leads to a spacious primary bedroom, bath, laundry, and storage.

The open living room with an electric fireplace (gas fitting installed as well) invites you to relax or access the private patio to enjoy the beautiful quiet outlook and BBQ year-round.

Spacious dining or flex area leads to the upgraded separate kitchen with lovely granite tops and stainless appliances.

The Den or Second bedroom can also be a

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Spacious 2 bedroom 2 bathroom home

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Welcome home to unit 1, 88 Dallas Rd. 

This beautiful garden-level suite is located on the highly sought-after Dallas Rd waterfront in the James Bay community.

Just steps to the popular Ogden Point Breakwater, Dallas Rd Waterfront trail, and Fisherman’s Wharf Park.  

The spacious 2 bedroom 2 bathroom home offers over 1150 sq. ft. with an open floor plan connecting the kitchen, which has matching stainless appliances & an eating bar, a dining area, and a large living room with a cozy electric fireplace.

Down the hall, you will find in-suite laundry, a second nicely appointed bedroom, spare 4-piece bathroom with heated floors.

The large primary bedroom with a walk-in closet & 4-piece ensuite

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