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

Bank of Canada Interest Rate Announcement -
March 8, 2023

As signalled in its previous interest rate announcement, 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 restrictive monetary policy is weighing on demand and it expects weak economic growth for the next couple of quarters. That weak growth should moderate wage growth in a currently tight labour market and ease competitive pressures on prices, ultimately leading to inflation reaching 3 per cent by the middle of 2023.  As for the possibility of future rate increases, the Bank stated that it will continue to assess economic developments and the impact of past interest rate increases and is prepared

Ski-In-Ski-Out at Mt. Washington

Welcome to Unit 405 at 1280 Alpine Rd. This ski-in/ski-out suite is located slopeside in Bear Lodge at Mt. Washington's Alpine Resort. This top-floor unit boasts two bedrooms and two bathrooms, making it the perfect option for experiencing all that Mt. Washington has to offer. Its large windows not only allow for an abundance of natural light, but also offer breathtaking scenic views. The spacious kitchen is fully equipped to handle all your cooking and entertainment needs, while the propane gas fireplace keeps you warm and cozy during the cooler months. Additionally, the unit includes an in-suite washer/dryer and a generous-sized balcony. Mt. Washington has transformed into a year-round destination, offering

A Pacific Coast treasure, Victoria, BC, is the beloved provincial capital on Vancouver Island. With its stunning Victorian architecture, scenic landscapes, and endless opportunities for outdoor adventures, this city is highly regarded as a great place to live.

Although Victoria's relatively low cost of living was once highly enticing to homebuyers and renters alike, prices have been slowly rising over the years. Despite that, the population continues to grow yearly and shows no signs of stopping. With the number of people moving to Victoria, predictions indicate that the population could jump by 22% in the next two decades. The city offers excellent value for the money, especially considering the vast selection of waterfront homes.

Ready to see

When moving to a new area, knowing what the local economy looks like truly matters. The leading industries, top career advancement opportunities, and the overall job outlook can all make a big difference in deciding exactly where to move.

People moving to Victoria, BC, can significantly benefit from seeing all the job opportunities in the tourism, technology, harbour, government, and education industries, for example. It's also helpful to know that employment opportunities are expected to grow by 1.5% each year through the next decade.

Read on to learn everything you need to know about the Victoria, BC, economy.

Top Employers in Victoria, BC

Victoria, BC, is home to many excellent companies with workforce numbers in the thousands. The

Are you looking for a cost-effective way to start investing in real estate? Thanks to the rising popularity of house hacking, real estate investing is more affordable than ever! House hacking is a simple concept that's catching on like wildfire in the real estate investment world. In this blog post, we'll explore how real estate investors are using house hacking to build their wealth and how you can do the same.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

What Is House Hacking?

House hacking is when someone purchases a property to live in themselves and offsets some (or all) of the monthly housing expenses with rental income. Investors commonly

Amazing Condo Complex

# 413 – 75 Gorge Road West is the BEST 1 bed 2 bath on the market.

Welcome to The Cedar Shores, a resort living at its finest.

This amazing condo complex comes with ALL the amenities starting with the indoor year-round pool, hot tub, sauna, tennis courts, and private social room.

This beautiful bright updated kitchen radiates a wonderful mix of warmth and elegance.

With your separate dining area overlooking your private patio flowing into your cozy living room with a real wood fireplace, you will feel right at home.

The two large sliding glass doors give your main living area ample sunlight all day long.

The sizable bedroom comes with convenient ensuite fair-sized cupboards and more than enough

Vancouver Island Real Estate - In January 2023, Vancouver Island saw 521 property sales, with the Vancouver Island Real Estate Board Area (VIREB) reporting 243 and the Victoria Real Estate Board Area (VREB) reporting 278. Of the VIREB sales, 165 were single-family homes, 42 were condos, and 32 were townhomes. For further details on the VREB numbers, please refer to our full Victoria report by clicking HERE.

Inventory saw a year-over-year increase, with 861 single-family homes listed in January compared to 257 one year ago, although listings dropped by 4% from the month prior. Similarly, condo