All Blog Entries by Ron Neal

Well Maintained Home at the End of a Quiet Cul-De-Sac

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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Reviewing February and early April of the Victoria Real Estate market we see that there may be early tremors of that long-anticipated phenomenon: market change. While we are currently still very much in tight and heavily seller-leaning conditions, there are speculative reasons that things could be slowing down. While the data still points to things continuing as per “new normal”, ie: record low inventory, more buyers than sellers (and a high ratio at that), and multiple offer bidding; there are some shimmers in the crystal ball. 

For one thing, much like other investment vehicles, individuals look at data, while the market itself is actually driven by social perception. A rising market is when buyers are saying: “If I don’t buy today I will have to

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Canadian Employment (March 2022) - April 8, 2022

Canadian employment rose by 73,000 (+0.4%) in March hitting a fresh record for employment, according to Statistics Canada. The labour market is increasingly tight, with the Canadian unemployment rate declining to 5.3%, the lowest rate on record since comparable data became available in 1976. The total hours worked rose 1.3% in March while average hourly wages were up 3.4% on a year-over-year basis, up from 3.1% in February. Wage gains are below the inflation rate, however, which clocked in at 5.7% year-over-year in February. 

Public health measures continued to ease prior to the survey reference week in March, driving labour market gains. Employment growth occurred in both the

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Canadian Monthly Economic Growth (January 2022) - March 31, 2022

The Canadian economy rose 0.2% in January, up for the eighth consecutive month. Goods-producing sectors rose 0.8% while services-producing industries remained flat on Omicron-related restrictions. Canadian real GDP is roughly 0.4 per cent above its pre-pandemic, February 2020 level. Preliminary estimates suggest that output in the Canadian economy grew 0.8% in February.

With a high preliminary estimate for February, 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 hiked rates from 0.25% to 0.5% in early

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Top Floor Unit w/ Loft and Private Garage

Extremely rare, well-designed, and updated TOP FLOOR bright and open 2 bed, 2 FULL bath, PLUS large loft-style Den and including a private and secure personal GARAGE w/electric door!!

These features are extremely rare in condo living! As you step into this unit you are greeted with vaulted ceilings, loads of natural sunlight with the large west-facing windows, and a well-appointed kitchen with plenty of seating on the island.

A stairway leads you to the large loft overlooking the living area, fantastic den space for an office, hobby room, or even a third bedroom!

Fireplace in the living room for cozy winter nights and access from the living room, 2nd bedroom & primary bedroom to the large

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Beautiful family home with custom finishings throughout.

Welcome to 103 - 933 Wild Ridge Way.

This stunningly beautiful 3 bedroom, 3 bathroom townhome, has been updated with all the finest touches.

Crown molding, coffered ceilings along with trim and paint throughout.

The primary bedroom comes with his and hers' walk-in closets.

Along with the new plush carpets, laminate flooring, full fireplace re-face, and brand new dishwasher means you have nothing left to do but move into this turn-key ready home with ease.

This well-run strata complex allows for up to two furry family members.

With Willing park steps from your front door, your dogs will love walks along the oval gravel walking trail.

Just minutes from the hustle and

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Bright 2 bed, 1 bath ground floor corner unit on a quiet street in Saanich

Bright 2 bed, 1 bath ground floor corner unit on a quiet street in Saanich near Tillicum Mall. Close to Uptown, major highways, and easy to get into town this is and great location for all areas of Victoria.

The condo has been completely renovated from top to bottom and is move-in ready with modern colors and palettes.

The well-appointed kitchen with updated cabinets and stainless-Steel appliances, this condo is spacious and great for entertaining or cozy up in the large lounge with a wood fireplace.

Large patio doors open to the deck that is having all new concrete laid in a month or so from the special levy already agreed.

Down the hall, you will find the

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AWESOME LOCATION IN THE HEART OF COOK STREET VILLAGE!

Spacious and bright corner unit in the heart of Cook Street Village, with a Walk Score of 91!  No need to drive when you live here!  You will love going for a walk through the village, to Beacon Hill Park, the Ocean, and Down town, all so close by.   This spacious and bright 2 bedroom 2 bath unit is just waiting for your personal touch to make it your home. 

Find Out More About 302-1101 Hilda Street

Talk to our team to learn more about this AWESOME LOCATION IN THE HEART OF COOK STREET VILLAGE!

Request a Tour

 

Canadian Housing Starts (February 2022) - March 15, 2022

Canadian housing starts rose by 18.1k (7.9%) to 247.3k units in February at a seasonally-adjusted annual rate (SAAR). Comparing year-over-year, starts were down from February of 2021 (7.4% y/y). Single-detached housing starts were largely unchanged from January at 78.1k, while multi-family and others rose 12% to 169.2k (SAAR). 

In British Columbia, starts were down 10.1% in February, falling to 35.5k units SAAR in all areas of the province. In areas in the province with 10,000 or more residents, single-detached starts rose 3.1% m/m to 7.4k units while multi-family starts declined 15.1% to 23.9k units. Starts in the province were 21.9% below the levels from February 2021. Starts

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