What's happening in and around Victoria - May, 2023

Pender Island Pardise

Posted by Stephen Foster on May 25th, 2023

PENDER ISLAND-
IN THE GULF ISLANDS OF BC

Pender Island is one of the Southern Gulf Islands in British Columbia, Canada. It is situated in the Strait of Georgia between Vancouver Island and the mainland of British Columbia. The island is part of Capital Regional District and has an approximate population of just under 2,500 people.

The island is made up of two main communities, North Pender Island and South Pender Island, which are connected by a bridge and are surrounded by the Salish Sea. Each community has its own distinct character and amenities. North Pender Island is more developed and offers services such as grocery stores, restaurants, shops, and accommodations. South Pender Island, on the other hand, is more rural and features a quieter…

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West Coast Living In The Gulf Islands

Posted by Stephen Foster on May 8th, 2023

The Gulf Islands in British Columbia

There are over 200 Gulf Islands located in the Strait of Georgia between Vancouver Island and the mainland coast of British Columbia. They are known for their natural beauty, mild climate and relaxed way of life. The Gulf Islands are a popular tourist destination that attract visitors who enjoy the beaches, parks, wildlife and recreation opportunities. They are also home to a number of artists, writers and musicians so there is a thriving arts and culture scene.  They islands are also home to a number of protected areas including the Gulf Islands National Reserve which encompasses several islands and provides habitat for a variety of plant and animal species.  The islands are an important part of the traditional…

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Market Report - May 2023

Posted by Stephen Foster on May 2nd, 2023

MARKET REPORT - May 2023

Victoria Market Report

Not enough growth in inventory numbers means spring market sales slow

May 1, 2023  A total of 637 properties sold in the Victoria Real Estate Board region this April, 22.7 per cent fewer than the 824 properties sold in April 2022 but an 8 per cent increase from March 2023. Sales of condominiums were down 21.8 per cent from April 2022 with 205 units sold. Sales of single family homes decreased 19.4 per cent from April 2022 with 325 sold.

"Sales numbers for this April are more moderate than the higher levels we've seen in recent years," said Victoria Real Estate Board Chair Graden Sol. "We are in a familiar market pattern, where the majority of sales for the year occur in the spring. While…

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