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All Blog Entries by Ron Neal

Found 357 blog entries published by Ron Neal.

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Canadian Housing Starts (Mar) - April 8, 2020

Canadian housing starts decreased by 7.3% m/m in March to 195,174 units at a seasonally adjusted annual rate (SAAR). The decrease was broad-based with starts down in 7 of 10 provinces, signalling early signs of the impact of COVID-19 on construction activity. The trend in national housing starts to fell to a still healthy average of 205,000 units SAAR over the past six months. 

In BC, housing starts fell by 20% m/m to 34,014 units SAAR, following a 44% rise in the previous month. The decrease was entirely driven by multi-units (-25%), while singles increased (1%). Given the rapidly evolving circumstances brought on by COVID-19, Statistics Canada released early estimates of March building permits

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Canadian Monthly Real GDP (January 2020) - March 31, 2020

The Canadian economy grew  0.1 percent on a monthly basis in January as weather and labour disputes offset more positive developments in some sectors.  Before the abrupt change in the world economy due to the COVID-19 outbreak, the Canadian economy was set to grow a solid 1.8 percent in the first quarter.  We may start to see the impact of COVID-19 starting with February's GDP data though the impact will mostly be observed in April, which is likely to show an unprecedented decline in economic activity.

Once the outbreak is contained, the Canadian economy should post a strong recovery due to pent-up demand, large amounts of fiscal stimulus and historically low-interest rates.

For

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1502 Regents Place 1502 Regents Place 1502 Regents Place

"A True Classic Masterpiece Designed by Samuel McClure"

A true classic masterpiece designed and built by Samuel McClure.

This exquisite home with its beautiful gardens sits on a quiet, .19 of an acre in the heart of Rockland and is said to be one of McClure's most sophisticated designs.   

Elegant throughout with back to back fireplaces and french doors that lead to the patio and English Country gardens. 

A separate studio provides the most unique space imaginable to sit back,  relax and entertain in.   

This lovely home has been included in the Rockland Neighbourhood Association / Walking Tour and is simply a pleasure to show. 

Substantially renovated there is nothing left to be done, except to move in and enjoy. 

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There were 5% fewer sales in the VREB (Victoria Real Estate Board) area this March compared to the same month last year (for a grand total of 608 sales). While the month started off as a typical spring market, with even higher sales volume compared to last year the inevitable effects of COVID and self-isolation were felt in the latter half of the month bringing the total sales number down. Condo sales specifically were down more with 178 unit sales, 9.2% down from March last year. On the other hand, there were 305 sales of single-family homes, only 5.3% down from March last year.

While many sellers that were already in the process of listing their home scrambled to put together the final materials, many other homeowners decided to wait it out

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March 2020 managed to maintain normal levels of sales for the month in the Vancouver Island Real Estate board area despite COVID-19. With 333 single-family home sales in March, up 22.2% from the previous month and 7.5% up from March the previous year. Condo sales, on the other hand, were down 44% from March 2019, but townhomes were up 40% in the same period.

There were 1,181 active single family listings available at the end of March, up around half a percent from listings available March last year. The number of active condo listings was up 29% compared to last year bringing the number of listings to 400. The number of townhomes on the market dropped 18% with 147 active listings. Moving forward it is likely we will see a decrease in properties coming

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Renovated Beauty in Broadmead

Renovated beautiful rancher style home in the highly desirable Broadmead area. Down a long driveway, you will find a peaceful setting with mature gardens and a large flat private fenced yard and deck to enjoy those beautiful summer nights.  Upon entering the wow factor greets you, the current owners sparing no expense with brand new wide plank wood flooring throughout and designer lighting.  The entrance a convenient yet tasteful space with both a closet and cubbies to keep things tidy. 

The room beside has been opened up to the rest of the home, currently used as an adorable playroom but easily converted to a formal dining room. The living space with vaulted ceilings, wood beams, gas fireplace, and glass

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To see an example of one of our videos click here: 

Are you okay? Can we help? We care.

We would like you to know that we take the COVID-19 issue very seriously. To this point, no Neal Estate Team staff have contracted or been in contact with the virus that we are aware of.

In light of all that is happening currently, we would like to reach out to our clients and let you know the precautions and procedures we have implemented to protect the health of our clients and staff. Of course, these steps and the limitations imposed are evolving hourly as new information becomes available.

We are conducting business remotely as much as possible:

1. Utilizing digital technology for signing.
2. Whenever possible staff is working remotely from home.
3. Using the

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florence lake road 3900

Charming cute and cozy

Charming cute and cozy this single wide is located in the highly desirable Hidden Valley Manufactured Home Park on the shores of Florence Lake. 

Many charming upgrades on this bright three-bedroom home that features an open living area with a large kitchen, eating area and living room. 

As an added bonus there is a family room addition with an electric fireplace looking out onto the private surrounding yard perched high above and looking out onto the park below. 

Gorgeous sunroom to enjoy those summer days and there is also a workshop area and shed for added storage.

The mature adult-oriented pet-friendly park that offers an RV storage area and seconds to major box stores and all amenities. 

Call

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1 - 7586 Tetayut Rd

Oasis Awaits in Hummingbird Village Green

Oasis Awaits in Hummingbird Village Green.   

Built-in 2019 this  3 bedroom, 2 bathroom one level home sits on of the largest lots and backs onto forest with a fully landscaped backyard with irrigation system and large 28ft x 15ft. patio.   

House is great for entertaining with its open concept layout and cathedral ceiling with 6 skylights throughout to make it inviting and bright.   

Gas fireplace, Heat Pump and double car attached garage add to the features of this home.   

Come and view today. 

You won't be disappointed! 

 

 

 

 

 

Find Out More About 1-7586 Tetayut Rd

Talk to our team to learn more about this Oasis Awaits in Hummingbird Village Green

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11-3341 Mary Anne Crescent

Views From All Three Levels

Breathtaking views from all three levels of this custom built end unit townhouse, the largest in this 20 unit complex and the best location as well.  Originally the developer's suite, you will find a desirable floor plan for this unique home with vaulted wood ceilings and skylights. 

The main level entry features the dining area and adjacent living room which are separated by a decorative rock quartz wood burning fireplace. Sliding glass patio doors open to the large sundeck with spectacular views of the city, ocean, and mountains.

The master suite is the entire upper level with a large jacuzzi tub, dressing room, ensuite and office area.  The master takes full advantage of the views and also has a large bay

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