I have listed a new property at 2 6790 Grant RD W in SOOKE.
Brand new 3 bedrooms 2 bathroom upper duplex. Located at Boardwalk on Grant. Approximately 1475 sq.ft. over 3 levels, priced at $359,900 GST Incl. Appliances included, or buy top and bottom at $579,900. 2 Legals, put family below and they own it. Completion due around September 1st, 2017. With extended family this concept could be future of real estate. (Note address will change once Strata Titled. Strata fees approximate $100 per month)
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I have listed a new property at 1 6790 Grant RD W in SOOKE.
Brand new 2 bedrooms 1 bathroom home. 'Board Walk on Grant' 750 +/- sqft located in a rural setting. Appliances and GST are included. $239,900. Buy upper unit at $359,900 do a package. Completion is estimated at September 1st, 2017. 4 Plex, there will be 2 top and 2 bottom units (This is a bottom unit) Pls note: Address will change once Strata Titled) Strata fees will be approximately $60/month
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From a new home or heritage treasure to a refinance or investment property, MaxxMortgages’ goal is to help you get the best financing solution for your needs. Our Mortgage professionals assess your unique situation and help you understand what you can comfortably afford.

 

We act in your best interest, researching and filtering through hundreds of loans and products with over 50 mortgage lenders. We review the best options together, make key decisions and support you through the application and closing process.

 

It's fast, efficient and unlike banks offering only their own mortgage products, Maxxmortgages can offer an array of mortgage options. We are paid by lending institutions so there's no cost to you and no surprises.


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There are 5 essential ingredients that comprise the “formula” for the successful sale of your home.

 

 

 

Your home will sell at highest price and in the quickest amount of time when all the ingredients are combined perfectly.

 

If only one ingredient is left out of the formula or is out of proportion to the others…

 

Your home will take longer to sell and will, quite possibly, COST YOU MONEY

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June 1, 2017 -  "This month we have seen an increase in inventory - which means that buyers have more choice - and it means that now in some areas sellers are competing for buyers," says 2017 Victoria Real Estate Board President Ara Balabanian.

There were 1,896 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of May 2017, an increase of 12.2 per cent compared to the month of April, but 21.2 per cent fewer than the 2,406 active listings for sale at the end of May 2016. 

A total of 1,006 properties sold in the Victoria Real Estate Board region this May, 22 per cent fewer than the 1,289 properties sold in May last year. The ten year average for sales in May is 815 properties. 

"There are many different market conditions in Victoria, because we have so many different neighbourhoods and different levels of demand for those neighbourhoods," adds President Balabanian. "The market won't change immediately, but we can track a shift as more inventory enters the market to meet the demand from buyers. Overall, pressure on pricing is easing because of the increase in inventory and the rate of increase of price is normalizing. As we have predicted, we are seeing the beginning of a gradual return to a balanced market in the Victoria area. In conditions such as the ones we see now, it's more important than ever to have an expert REALTOR® on your side whether you are buying or selling a property."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in May 2016 was $706,500. The benchmark value for the same home in May 2017 has increased by 16.8 per cent to $825,500. 

About the Victoria Real Estate Board – Founded in 1921, the Victoria Real Estate Board is a key player in the development of standards and innovative programs to enhance the professionalism of REALTORS®. The Victoria Real Estate Board represents 1,363 local Realtors. If you are thinking about buying or selling a home, connect with your local Realtor for detailed information on the Victoria and area housing market. 

View our press release and summary here.

View our complete statistical package here.

 

For More Information

Victoria Real Estate Board 
Denise Hogue, Communications Manager

Phone: 250-920-4652

Notes for Interpreting Our Statistics

The use of sale price statistics can be useful in establishing trends when applied over a period of time, i.e. six months or longer. The Victoria Real Estate Board cautions, however, that such information does not indicate the actual value of any particular property. Those requiring specific information on property values should contact a REALTOR®.

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I have listed a new property at 402 360 Dallas RD in VICTORIA.
Location Location, OCEAN Views from TOP FLOOR condo! This outstanding 1060 sqft 2 bdrm 2 bth unit is perfect for those wanting to be by the ocean, close to town in a maintained building. Featuring an updated kitchen with wood cabinets, low maintenance cork and laminate floors, a huge open concept living/dinning room spilling out to a large deck from which you breath the the ocean air while having your morning coffee. Large master with 2piece ensuite. This is a well run complex with meeting room, book share, sauna and large storage lockers and covered parking. All located in desirable James Bay near shopping, restaurants, bus routes, beaches and walking trails. No delayed offers.
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Vancouver, BC – May 15, 2017. The British Columbia Real Estate Association (BCREA) reports that a total of 9,865 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April, down 23.9 per cent from the same period last year. Total sales dollar volume was $7.19 billion, down 25.4 per cent from April 2016. The average MLS® residential price in the province was $728,955, a 2 per cent decrease from the same period last year.

 

“BC home sales are on an upward trend this spring, led by a sharp increase in consumer demand in the Lower Mainland,” said Cameron Muir, BCREA Chief Economist.

 

The seasonally adjusted annual rate (SAAR) of home sales was over 106,000 units in April, significantly above the five-year SAAR for April of 89,000 units.

 

The supply of homes for sale declined 17 per cent from April 2016. On a seasonally adjusted basis, active residential listings have declined 50 per cent since 2012 and are now at their lowest level in over 20 years. The imbalance between supply and demand is continuing to drive home prices higher in most regions, further eroding affordability.

 

Year-to-date, BC residential sales dollar volume was down 31.8 per cent to $21.3 billion, when compared with the same period in 2016. Residential unit sales declined 25.0 per cent to 30,757 units, while the average MLS® residential price was down 9.2 per cent to $692,220.

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Five-pillar approach will build stronger communities

Vancouver, BC – April 19, 2017. The British Columbia Real Estate Association (BCREA) today announced a five-pillar approach to address housing affordability for renters, homebuyers and homeowners across British Columbia.

 

BCREA's five pillars include timely recommendations to:

  • assist consumers with housing costs,
  • encourage the creation of more rental housing,
  • densify urban areas,
  • adjust the Property Transfer Tax, and
  • promote best practices among local governments.

"REALTORS® understand the importance of housing affordability in creating strong communities," says Robert Laing, BCREA CEO. "Through these five pillars, BCREA's recommendations provide a clear pathway toward making homes more accessible and affordable for British Columbians."

 

BCREA's recommendations are supported by the Canadian Home Builders' Association of BC. "Many of the BCREA proposals on market housing affordability are shared priorities and goals of CHBA BC," says Neil Moody, CEO. "These actions on supply and building costs help industry deliver a more affordable product for homebuyers, provide more choice for buying or renting, and decrease extra costs for buyers like the Property Transfer Tax."

 

More information on BCREA's five pillars can be found on the Association's new website: www.bchousingaffordability.ca

 

BCREA is the professional association for about 22,000 REALTORS® in BC, focusing on provincial issues that impact real estate. Working with the province's 11 real estate boards, BCREA provides continuing professional education, advocacy, economic research and standard forms to help REALTORS® provide value for their clients.

 

To demonstrate the profession's commitment to improving Quality of Life in BC communities, BCREA supports policies that help ensure economic vitality, provide housing opportunities, preserve the environment, protect property owners and build better communities with good schools and safe neighbourhoods. 


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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.