Real Estate Blog

Located just off of the western coast of Canada on Vancouver Island, you’ve probably heard that the capital city of Victoria is a rare gem at the tip of the island. Victoria weather is not too cold, and it’s summer’s aren’t extreme. With weather trying to make up it’s mind all the time, here’s a tip for the newcomers - keep an umbrella in the trunk.

Now I’m here to tell you, because I know Victoria very well, that if you are thinking of moving to Victoria B.C, please please please, think again. This city is ancient and boring, with houses dating back to the Victorian Era, you know they’re about to crumble... or maybe they are strong enough to last forever?

 

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Hatley Castle - Royal Roads

 

You know that if you come here, you’re only going to be

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Victoria Real Estate Market Starts the Year with Fewer Listings and Above Average Activity

February 1, 2017 - A total of 478 properties sold in the Victoria Real Estate Board region this January, 11.3 per cent fewer than the 539 properties sold in January last year.

Inventory levels edged lower, with 1,516 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of January 2017, 38.6 per cent fewer than the 2,471 active listings at the end of January 2016.

“The numbers we saw last year are not the new normal. We know that we are not going to see sales volumes this year that meet or beat last year’s record breaking numbers,” notes 2017 Board President Ara Balabanian. “When compared to the month of January’s ten year

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Last fall, we got a flurry of news in regards to Uber and its potential market in British Columbia. From Uber touting their confidence that BC will allow rideshare no problem, and in November, news that the Vancouver Council voted in favour of extending the moratorium on issuing new taxi licenses for another year. In lay terms? That meant no new taxis would be introduced until at least October 2017, making it impossible for Uber to break into the market. Fast forward to November, and we got a heads up that the fate of Uber might be revealed a little sooner than we thought. With the provincial government just around the corner, we’ll know pretty soon whether or not Uber or other ride-sharing services will be introduced to the province. Let’s just say

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Victoria Real Estate Market's Record Breaking 2016, Demand Likely to Continue in 2017

January 3, 2017, Victoria BC 

A total of 471 properties sold in the Victoria Real Estate Board region this December, 1.3 per cent more than the 465 properties sold in December last year.

Victoria Market Report

 

 

Inventory Levels

Inventory levels edged lower than last year, with 1,493 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of December 2016, 40.7 per cent fewer than the 2,517 active listings at the end of December 2015.

 

"As we expected, 2016 broke records in terms of the number of properties sold in our area," notes Mike Nugent, outgoing 2016 President of the Board. "10,622 properties sold, which

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Tortoise Island | Gulf Island Real Estate 

A Virtual Tour of Robert Batemans' Island For Sale

The house was orginally conceived by Hank Schubart and Robert Bateman.. After spending many lovely days...weeks.. dreaming and finding the best spot to place a structure, a cabin was born!

Tortoise Island a retreat for the soul. Owned by Robert Bateman, artist & one of the top 100 environmental proponents of the 20th century.This 2+ acre Island is located within the Gulf Islands National Park Reserve about a 10 minute boat ride from Swartz Bay & moments from the airport and town . Nestled in on a sandstone isthmus is a retreat conceived by both Bateman and famed architect Hank Schubert.Accessed by water and enjoying year round deep water moorage, the 665 sqft

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Virtual Open House, 1501 Richmond Rd, Victoria BC, Condo for Sale

Get the Price! 

TOP FLOOR SUITE

West facing located at the corner of Oak Bay and Richmond Avenues. Walk to Oak Bay village as well as all of the other excellent amenities incl.OakBay rec, Jubilee Hospital, Uvic etc. 2 bedrooms,den & 2bath. Master with walk-in closet and full 4 piece ensuite. Large kitchen with a bright eating area & skylights,In-suite laundry. Living room features a gas fireplace. Large west facing balcony. New fixtures in kitchen & bath as well as flooring. Other great features: Cats 'n Dogs, BBQ allowed & 1 rental opportunity left! The condo has secure underground parking,separate storage locker. This remediated and well managed complex has a new roof, new paint, tile

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2 Bedroom Condo 'Coming Soon'

We are pretty excited to list a great Condo for Sale in Victoria, right off the Oak Bay Village corridor!

 

Details

Bright and spacious west facing TOP FLOOR SUITE with Skylights. Located at the corner of Oak Bay and Richmond Avenue, this freshly renovated suite is close to all amenities, notably the Oak Bay village and all the shopping and restaurants that it offers.

It is also moments from downtown Victoria as well as the nearby Royal Jubilee hospital and education facilities of U.Vic.& Camosun .

Great floor plan has 2 bedrooms,master with a walk-through closet and full 4 piece ensuite, the living room features a gas fireplace and with the gas included in the assessment this suite is very economical to heat. The den

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First Time Home Buyers

Premier Christy Clark this morning announced a new program designed to support first time homebuyers.

Meeting the press today, Clark referred to the difficulty first time home buyers experience saving up a down payment. While many first time home buyers qualify for a mortgage, they can't assemble funds required for their initial down payment.

Interest & Payment Free for first 5 Years

The BC Home Owner Mortgage and c contributes to the amount first-time homebuyers have already saved for their down payment, providing up to $37,500, or up to 5% of the purchase price, with a 25-year loan that is interest-free and payment-free for the first five years.

 

 

During the first five years, no monthly interest or principal payments are

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Current Market Statistics

 

 

High Demand Continues as Inventory Shrinks in the Victoria Housing Market December 1 2016,Victoria, BC

A total of 599 properties sold in the Victoria Real Estate Board region this November, 4.5 per cent more than the 573 properties sold in November last year.

Inventory is Down

Inventory levels remain lower than last year, with 1,815 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of November 2016, 38.5 per cent fewer than the 2,952 active listings at the end of November 2015.

"Our current housing market is in a strong cycle due to many factors, including our current positive economic conditions, baby boomers retiring here, millennial buying cycles, a low Canadian dollar

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Foreign Buyer Tax in Victoria? You may recall that late this summer the provincial government rolled out a 15% property transfer tax applicable on homes purchased by foreign buyers. The taxation area was limited to Metro Vancouver only, with the caveat that the government would have the ability to levy the tax on any other area in BC if they saw the need.

This week BC's Ministry of Finance released new foreign buyer data that revealed a month over month increase in foreign buyers into the Capital Regional District (CRD).

The increase in sales in October has brought new attention to the CRD and Minister of Finance Michael de Jong has said he is watching the upward trend closely.

New data also shows that foreign buyers are slowly increasing once again

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