Sign In / Register

Find us on...

Share on...

Dashboard

Victoria & Vancouver Island Real Estate Blog

Victoria & Vancouver Island Real Estate Blog

Spacious Fairfield Condo 

marinacres103cs

Large bright two bedroom two bath South/East corner condo located in the heart of Fairfield, next to Cook Street Village and steps to town.

This is the one you have been waiting for, offering over a thousand square feet in a self-managed building with extremely low strata fees and free laundry. 

The large private enclosed deck is the length of the entire unit and is perfect for year-round use.  

Loads of natural light with many windows for sun all day.  

The bright primary bedroom is massive, and the location can't be beaten.  

It's the perfect home if you want a walking or cycling lifestyle and is only steps from grocery stores, London Drugs, Beacon Hill Park, and downtown.

Move-in ready this is

1,200 Views, 0 Comments

bcrea header

May30-1  

Canadian Retail Sales (June 2021) - August 20, 2021

As health restrictions eased, Canadian retail sales rose 4.2% m/m to $56.2 billion on a seasonally adjusted basis in June. Due to declines in April and May, sales remained 3.5% below the March peak. Sales rose in 8 of 11 retail sectors measured by Statistics Canada, with the largest gains occurring in clothing sales (+49.1%), caused by loosening restrictions on non-essential retail. In June, 5.2% of Canadian retailers reported being closed for at least one business day, down from 5.6% in May. Statistics Canada's preliminary retail sales estimate for July, based on just 38% of respondents reporting, is for a 1.7% decline.

In BC, seasonally-adjusted retail sales were largely

1,076 Views, 0 Comments

3.09-Acre Lot Overlooking Nanoose Bay and the Coastal Mountains 

marinacres103cs

Are you looking for rural living with panoramic views within city limits?

Build your single dream home overlooking Nanoose Bay and the coastal mountains on this 3.09-acre lot. 

Zoning also allows for strata of two separate dwellings including common property with District of Lantzville approval.

The lower portion of the lot has a registered well and septic approval for a great start to building that secondary dwelling.

The upper portion of the lot needs well and septic, but this is where you would build your dream home with sweeping ocean and mountain views.

This lot is raw land, 3 tiers, all of them have access to Hydro and all are accessible by driveway

992 Views, 0 Comments

bcrea stats release

Provincial Housing Market Activity Normalizing into 2022

BCREA 2021 Third Quarter Housing Forecast Update

stat release may 13 2020  

Vancouver, BC – August 17, 2021 The British Columbia Real Estate Association (BCREA) released its 2021 Third Quarter Housing Forecast Update today.

Multiple Listing Service® (MLS®) residential sales in the province are forecast to rise 26 per cent to 118,350 units this year, after recording 94,007 sales in 2020. In 2022, MLS®residential sales are forecast to pull back 15 per cent to 100,150 units.  

“The pace of home sales in the province has slowed in recent months but an unprecedented start to the year still has BC on track for a record-breaking year,” said Brendon Ogmundson, BCREA Chief Economist.

With strong demand

1,161 Views, 0 Comments

bcrea header

May30-1  

Canadian Inflation (July 2021) - August 18, 2021

Canadian prices, as measured by the Consumer Price Index (CPI), rose 3.7% on a year-over-year basis in July, hitting the highest rate since prior to the pandemic. Overall, the upward bias of "base-year effects" are no longer substantially influencing the year-over-year CPI changes, although they still have an effect on certain subcomponents such as gasoline. On a seasonally adjusted month-over-month basis, the CPI was up 0.5% in July. The Bank of Canada's preferred measures of core inflation (which use techniques to strip out volatile elements) rose an average of 2.5% year-over-year in July. In BC, consumer prices were up 0.7% month-over-month, and up 3.1% on a year-over-year basis in

1,116 Views, 0 Comments

bcrea header

May30-1  

Canadian Housing Starts (July 2021) - August 17, 2021

Canadian housing starts dipped slightly in July, but remain elevated by historical standards. While housing starts decreased to 272.2k units (-3.2% m/m) in July at a seasonally-adjusted annual rate (SAAR), on a year-over-year basis starts were still 11% above their July 2020 levels. Single-detached housing starts increased 7.1% from June, but this growth was not large enough to offset a 3.1% decline in multi-unit starts, resulting in an overall decline.

In British Columbia, starts declined 26% m/m to 50.7k units SAAR in all areas of the province. This drop was driven by declines in multi-unit starts in Metro Vancouver. Despite this volatility, starts in the province in July were

1,076 Views, 0 Comments

3 Bed, 2.5 Bath, Den, Garage, Solarium, and Garden, View Street

marinacres103cs

3-bed Townhouse plus den,2.5 bath, solarium, garage, and garden on Quiet end of View Street is in walking distance to restaurants, shopping, and all amenities.

The bright entry provides a cool bedroom, laundry, and storage areas.

Spacious main floor has a large living room, dining room, and excellent working kitchen with breakfast niche,2 piece bath plus Den!

Walk out on a large deck with access to the garden below!

The upper floor offers a huge Principal bedroom with access to the solarium and a large walk-in shower in the ensuite.

3rd large bedroom with access to the main 4 piece bath.

This bright home offers everything you're looking for in the City but in a

1,264 Views, 0 Comments

Sales volumes in the Vancouver Island Real Estate market fell in both the single-family home and condo categories, primarily due to the lack of available inventory. 450 single-family homes sold in July 2021, 15% less than the previous month and Condos dropped 7%. Townhomes were the only segment that increased from June with 29% units sold..

With a 51% drop in inventory for the single-family and townhome category, July 2021 was reported at a 21-year low for the number of available listings. Condos fared worse year over year coming in at a 60% decrease.

While inventory constrained the sales numbers Vancouver Island-wide, The Neal Estate Team outperformed the market again and increased the number of closed deals by 21.7% in July compared to last year.

974 Views, 0 Comments

The Victoria Real Estate market felt inventory tighten as July came to an end. The number of sales also decreased but transactions still outpaced the number of new listings. There was a 11.4% decrease with 835 total sales in July compared to June 2021 and 14.7% less than July 2020. Single-family home sales volume decreased 10% from June and 29.2% from the previous year while condos were down 16% in the month and 18.8% year over year.

While inventory constrained the sales numbers Vancouver Island wide, The Neal Estate Team outperformed the market again and increased the number of closed deals by 21.7% in July compared to last year.

The number that everyone is watching right now is inventory and as said, July saw further declines on this front.

1,638 Views, 0 Comments

Private Treed 5 Acre Home Across from Lake Cowichan

marinacres103cs

Entering the private treed driveway across from Lake Cowichan you immediately feel at home!

The 3 bed home features a covered wrap-around deck with lots of undercover areas to enjoy outdoor living.

The Large great room plan with a wood stove creates the perfect atmosphere with large windows all around.

The spacious bright master bedroom is on the main floor for easy living.

There is a huge flex room for a second bedroom or media room on this level.

The lower level offers 2 more bedrooms, laundry, and a den.

There is a huge walk-through attic perfect for another suite with ladder stairs that could be made into permanent access.

There is a large outbuilding with power and

5,289 Views, 0 Comments