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IN SUMMER the days getting dryer, make sure you insert the following statement into Contracts/offers on areas that have a higher degree of forest fire risks.  Each year insurance companies start restricting insurance approvals in areas of fire risk.  
 
Longer the close, potential increased risk during these summer months. 
 
 
WILDFIRE / INSURANCE STATEMENT: 
 
In the event that the insurance underwriters defer placement of property insurance due to wildfire risk prior to or at the time of completion, the Buyer(s) and Seller(s) agree that the completion, possession and adjustment dates shall be deferred until such time that insurance can be obtained. The Buyer will make all reasonable efforts to complete the sale.
 
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Released to media today:
 
A greater commitment to development required to balance local housing market
 
A total of 761 properties sold in the Victoria Real Estate Board region this September, 23.1 per cent fewer than the 989 properties sold in September 2020 and 8.4 per cent fewer than the previous month of August. Condominium sales were up 9.3 per cent from September 2020 with 306 units sold. 11.3 per cent fewer condominiums sold in September 2021 than in the previous month of August. Sales of single family homes were down 38.6 per cent from September 2020 with 331 sold. 7.3 per cent fewer single family homes sold in September 2021 than in the previous month of August.
 
"We are in a situation this month that is very similar to last month," said Victoria Real Estate Board President David Langlois. "We have seen a lot of demand for homes of all types, but very little inventory come onto the market. And just like last month, it would be inaccurate to say that the market has slowed down and certainly an oversimplification to say the market is experiencing traditional seasonal slowing. What we are experiencing is a continued response to long-term low inventory levels.”
 
There were 1,124 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of September 2021, 53 per cent fewer properties than the 2,389 available at the end of September 2020 but four properties more than the 1,120 active listings for sale at the end of August 2021.
 
­­The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in September 2020 was $879,700. The benchmark value for the same home in September 2021 increased by 25.1 per cent to $1,100,200, a 1 per cent increase from the previous month of August. The MLS® HPI benchmark value for a condominium in the Victoria Core in September 2020 was $482,000, while the benchmark value for the same condominium in September 2021 increased by 13.3 per cent to $545,900.
 
“It’s a complex market and it has been for some time here in Greater Victoria,'' added President Langlois. "We have a lot of people who want to share in this wonderful community, but we do not have the homes to answer the demand at all points in the housing spectrum. Adding more inventory – be it rental or market housing – requires a commitment to building from our community members. If you support more homes, you need to vocally support projects coming through your local municipal council. Many amazing developments never happen or are buried in expense, which adds to the end cost, before they make it through years of permitting because of opposition at public reviews – often by a small but vocal minority. In order to stop our cycle of pressure on pricing due to limited supply, our community must choose to commit to new housing or commit to prices escalating further."
 
 
The release and the full statistics package will be posted to the VREB website at www.vreb.org/current-statistics later this afternoon.
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I have sold a property at 2410 Setchfield Ave.
Immaculate family home in the popular Florence Lake area in Langford. Minutes to walking trails along Florence Lake and short walk to Lakewood elementary school. Spacious layout with over 1500 sq/ft on upper level with 3 bedrooms, 2 baths, large open living room with cozy fireplace and bay window, nice country kitchen and bonus family room, spacious primary bedroom with 4 piece ensuite and walk-in closet. Downstairs has a 4th bedroom, laundry and a large 850 sq/fy unfinished area that is ideal for a large in-law suite with a separate entrance. Double garage, easy care lot, sprinkler system, on bus route, close to Costco and other Langford shopping. All appliances and built-in vacuum included. Very well maintained home and property and a real pleasure to show.
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I have sold a property at 6867 Laura's Lane.
Move in ready, centrally located, spacious duplex awaiting its new family. Located just minutes away from Sooke's Town Centre, the Prestige Oceanfront Resort and the Sooke Marine Boardwalk. This modern, 2 level home was built in 2016 so the new home warranty insurance still applies. The home features 3 good sized bedrooms, 2 full baths and a powder room on the main floor, a low-maintenance, private fenced yard and a covered deck. The open concept design and layout gives you the perfect space for entertaining. This home would be ideal for families, first-time home Buyers or investors. Don’t miss out on the opportunity to own this rentable, pet-friendly unit in one of Sooke's most desirable neighbourhoods.
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I have sold a property at 402 1145 Sikorsky Rd.
Lovely top floor corner suite with vaulted ceilings, oversize windows and 2 balconies giving you amazing 270° panoramic views of sunsets, 2 lakes, mountains and the valley. Open concept design, perfect for entertaining. Kitchen features quartz countertops with ample prep area, s/s appliances, a breakfast bar, tile backsplash. Spacious living room and dining area. Perfect floor plan with 2 bedrooms located on opposite ends of the unit for privacy and only 1 common wall with neighbours. 2 full bathrooms. Primary bedroom is spacious enough for a king sized bed and has a big walk in closet, a full 4 piece ensuite and its own balcony with views from the Olympic Mountains to the lakes. Geothermal in-floor soft radiant heat and hot water included in monthly strata fee. Insuite laundry. Storage 1 floor below. Secure parking and bike storage. Cats and Dogs allowed. Just a short stroll to YMCA, library, walking trails, lakes, restaurants, Starlight Stadium & close to shopping, transit & more
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I have sold a property at 2158 Nicklaus Dr.
Over 6000 sq. ft. of Prestigious Home with spectacular views of Mount Finlayson and Golf Course. Designed & Built by a world-renowned architect. The dramatic entry leads to an open concept Great Room with 21 ft cathedral ceilings and Brazilian Teak Wood Flooring, Natural light pouring in through floor-to-ceiling windows & double-glass French Doors provide a flawless transition to the outdoor living area with expansive views. This 7 Bed. and 5.5 Bath. home captures natural light as well as breathtaking views from every floor and boasts a chef’s dream kitchen. Featuring surround sound, high-end appliances, central vac., A/C, gas fireplace, detailed finishings, office, multiple living areas, 2 amazing large decks with Golf Course views and a beautifully landscaped entry. This home also includes a 2 bedroom suite as well as Guest Quarters. This will impress you. Youtube "2158 Bear Mountain". Easy Showings.
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Low inventory and strong demand continue in Victoria real estate market
 
A total of 942 properties sold in the Victoria Real Estate Board region this June, 16.6 per cent more than the 808 properties sold in June 2020, but 10.2 per cent fewer than the previous month of May. Condominium sales were up 61.7 per cent from June 2020 with 338 units sold. 4 per cent more condominiums sold in June 2021 than in the previous month of May. Sales of single family homes were down 4.3 per cent from June 2020 with 440 sold. 18.1 per cent fewer single family homes sold in June 2021 than in the previous month of May.
 
“We are at a point now where we can look at yearly comparisons with a new lens,” said Victoria Real Estate Board President David Langlois. “In recent months we have been unable to glean anything by comparing year over year numbers because of the sudden and unexpected impact of the pandemic on the 2020 market. But June last year was when the market started its reacceleration. Buyers came back into the market in droves even though listings were restrained compared to long term averages.”
 
There were 1,375 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of June 2021, 49 per cent fewer properties than the 2,698 available at the end of June 2020 and 5.2 per cent fewer than the 1,450 active listings for sale at the end of May 2021.
 
­­The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in June 2020 was $896,700. The benchmark value for the same home in June 2021 increased by 18.6 per cent to $1,063,500, a 2.6 per cent increase from the previous month of May. The MLS® HPI benchmark value for a condominium in the Victoria Core in June 2020 was $490,400, while the benchmark value for the same condominium in June 2021 was $531,100, an 8.3 per cent increase.
 
“We see now even more sales activity than the return to the market we saw last year,” added Langlois. “And our inventory is much more restricted, with more than thirteen hundred fewer listings for sale than the year previous. We can see the strong impact this shrinking supply has had on year over year prices. There are many factors we need to watch while this summer’s market unfolds, including the change in borrowing rules that may impact first time buyers, declining levels of inventory and demand from outside of the province as tourism and travel reopens. Speak with your REALTOR® if you’d like fresh insight into our current market.”
 
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I have sold a property at 1225 Lavinia Lane.
1225 LAVINIA LANE. Outstanding Executive 6 bdrm, 4000+ sq ft. custom built dream residence! Situated on a quiet byway, this residence boasts beautifully landscaped gardens and offers the possibility of adding a garden/carriage suite with its own separate driveway(underground power already in place)! Exquisite millwork, hardwood floors and tile throughout along with classy use of natural stone. Generous sized bedrooms, grand foyer entry, gourmet dream kitchen ideal for entertaining or large families, separate private master suite with ocean views. Full basement with media entertainment room, separate entrance, storage and more. Double garage, in-floor radiant heat throughout, enough parking for an RV and all the toys. Everything has been maintained to a very high standard. The home exudes class and luxury! One of Victoria’s best, in the Cordova Bay area close to schools, shopping and bus routes! Ask about the carriage house option, and don't delay! This ones a "keeper"
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I have sold a property at 110 899 Darwin Ave.
Incredible value in a central location in Victoria that does not get any better. Quietly tucked away with easy access to direct roads downtown, the Peninsula, & Westshore. Steps away from Tolmie Park and Swan Lake for after-work walks with the kids or pets. This 2 bed/2 bath home offers much more space than your average condo with a primary bedroom with ensuite and walkin closet. A large in-unit laundry room for the extra space that is almost always lacking in most condo units. Updated tastefully, as soon you enter the home you feel the coziness and warmth that owners or potential tenants look for when finding a new place to call home.The large rooms and functional open floor plan is hard to beat. With a massive deck and the privacy it provides, enjoy your time on the bbq and sunbathing through the summer months without a worry. Unrestricted rentals with pets allowed & secured parking, this home is perfect for you as your new home or your new investment property at an unbeatable price!
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I have sold a property at 3401 Jazz Crt.
Don't miss this spacious town home at Lobo Vale Mews! This bright and sunny end unit w/dble garage as well as extra large driveway for 2 additional cars is sure to check off all the boxes. Built green platinum status w/ insulated concrete foundations and party walls, providing you w/ superior safety, sound-proofing and energy efficiency inc heat pump. You will love the open design with cozy modern fireplance in the bright living room, with sliders to the large west facing back yard, synthetic lawn, wired for hot tub. Kitchen with quartz counters, soft close drawers, upgraded back splash, undermount lighting and SS appliances. Upstairs you will find a spacious master bedroom with large W/I closet and 5 pc ensuite. 2 more good size rooms, main bath and laundry finish the 2nd floor. Easy living in this low maintenance townhome that feels like a home!
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Unwavering demand reinforces need to support supply of homes
 
The Victoria market continued to show its strength through the month of May, with a near record setting pace for sales and ongoing record low inventory levels. A total of 1,049 properties sold in the Victoria Real Estate Board region this May, 129.5 per cent more than the 457 properties sold in May 2020, but 6 per cent fewer than the previous month of April. Sales of condominiums were up 200.9 per cent from May 2020 with 325 units sold. 1.8 per cent fewer condominiums sold in May 2021 than in the previous month of April. Sales of single family homes were up 111.4 per cent from May 2020 with 537 sold. 4.8 per cent fewer single family homes sold in May 2021 than in the previous month of April.
 
“Victoria is an amazing place to live and we will continue to see demand for property here,” said Victoria Real Estate Board President David Langlois. “In the future we need to support the creation of a housing market that can respond to demand and population growth and evolve with community needs. Adding inventory to the Greater Victoria market should be the focus of every municipal council across the region.”
 
There were 1,450 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of May 2021, 43 per cent fewer properties than the total available at the end of May 2020 and just 4 properties fewer than the 1,454 active listings for sale at the end of April 2021. 
 
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in May 2020 was $855,900. The benchmark value for the same home in May 2021 increased by 17 per cent to $1,036,100, a 3.9 per cent increase from the previous month of April. The MLS® HPI benchmark value for a condominium in the Victoria Core in May 2020 was $500,000, while the benchmark value for the same condominium in May 2021 was $526,000, a 5.2 per cent increase.
 
“Recently the City of Victoria moved to fast-track non-profit developments, which is an exciting step in the right direction,” added Langlois. “But continued attention needs to be paid on housing of all types. By supporting an increase in urban density, we can ensure attainable housing, address missing middle family housing, increase tax revenues for community amenities and protect green space by slowing sprawl. If you are concerned about attainable housing and the future of homes in Greater Victoria, consider supporting the next housing development proposal in your neighbourhood.”
 
 
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I have sold a property at 1390 Lands End Rd.
Stunning low-bank waterfront property on lower Lands End Rd. This flat and sunny 1.22-acre lot is zoned R2 and is sub-dividable with current PLA in place or retain as your own private estate. Highlights include wrap-around views of Satellite Channel, spectacular sunsets and private stairs leading to a secluded beach. Much of the site prep has been completed with the previous home removed, trees cleared and new driveway added. Newer mooring buoy in place directly in front of the property with the ability to accommodate a larger vessel. Convenient location just minutes from BC Ferries, Victoria International Airport and the Town of Sidney. This is a fantastic opportunity to build your waterfront dream home on the Saanich Peninsula.
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I have sold a property at 208 1375 Bear Mountain Pkwy.
Welcome to St Andrews Walk, an excellent building located in the heart of Bear Mountain Village. This beautiful open concept unit faces the peaceful golf course and has a very functional kitchen that offers a center large island! All countertops have stone surfaces, there are stainless steel appliances throughout, and great quality cabinetry. This unit also has in-suite laundry, one underground secured parking stall as well as a separate storage locker and ample visitor parking. This is a very well-run strata with a low monthly payment of $258 which includes the cost of your hot water! There are no rental restrictions and large pets are welcomed! Enjoy the Bear Mountain lifestyle, hiking trails, resort environment, World Class Golf on the Jack Nicklaus designed Mountain or Valley course, Jacks Pub and the Mountainside Athletic Club. Incredible Value! Hurry Fast.
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I have sold a property at 109 3439 Ambrosia Cres.
An enclave of craftsman-designed homes nestled at the end of a private road neighbouring McCormik Meadows. Just over 3 years old, this is the first resale in this small 10 unit complex. This 4 bedroom and 4 bathroom town home is packed with numerous offerings and upgrades. The main level features an open-concept kitchen, with upgrade high end stainless steel appliances and quartz counter tops, heat pump, laminate floors, and a living-area with access to the home's large deck with forest and creek views. Finishing off the main level is a powder room and double car garage with loads of space for 2 vehicles and built in shelving for extra storage. Upstairs you will find laundry, 4 piece bathroom, 3 bedrooms, including a stunning master suite, and walk in closet. The lower level is finished with a 4 piece bathroom, 4th bedroom, and spacious family room/flex room. Conveniently located steps from all of Langford's amenities. Low strata fees, of the home's 2-5-10 warranty in place.
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I have sold a property at 215 777 Cook St.
Affordable living STEPS from Cook Street Village! This quiet & inviting unit has a spacious naturally lit living room, large bright bdrm, 4pc bthrm & lovely west-facing deck. Hardwood flooring throughout & recent updates to the kitchen & bathroom present. TONS of potential to increase the value of this unit with more modern updates. Conveniently located minutes from Dallas Rd waterfront, Beacon Hill Park and a short stroll to all of the amenities that Downtown Victoria has to offer. This well kept LEASEHOLD building offers low-cost living for the first time buyer, someone downsizing or someone wanting to get into the investment game! Monthly building fees include heat, hot water, property taxes & MORE! Other great amenities include a parking space, storage locker & communal recreation spaces. Rentals ALLOWED & NO age restrictions. Please note - this sale is subject to probate. Don’t miss out on this charming Cook Street condo! Click the media icon for floorplans & CALL TODAY TO VIEW!!
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Housing in Greater Victoria remains in high demand
 
"Comparing last year’s April market to 2021 does not provide us any real insight into long term market trends,” said Victoria Real Estate Board President David Langlois. “Instead of comparing to last year’s numbers, we need to look at years before the pandemic to see how April 2021 compares to average. In the most recent five years pre-pandemic, the average number of sales in the month of April was 896. April 2016 holds the record for sales with 1,286 properties sold. The five-year average for active listings was 2,596, so we sit at more than one thousand homes fewer than a recent average level of inventory.”
 
A total of 1,116 properties sold in the Victoria Real Estate Board region this April, 288.9 per cent more than the 287 properties sold in April 2020, but 4.9 per cent fewer than the previous month of March. Sales of condominiums were up 353.4 per cent from April 2020 with 331 units sold. 12.2 per cent fewer condominiums sold in April 2021 than in the previous month of March. Sales of single family homes were up 246 per cent from April 2020 with 564 sold. 1.7 per cent fewer single family homes sold in April 2021 than in the previous month of March.
 
There were 1,454 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of April 2021, 36.9 per cent fewer properties than the total available at the end of April 2020 and 11 per cent more than the 1,310 active listings for sale at the end of March 2021.
 
­­"We’ve seen an imbalance in our market for a quite a few months,” explained Langlois. “Our market is based on supply and demand and there is a disconnect right now with record low supply and high demand. Unfortunately, our housing supply is not as elastic as market demand is. Desire for homes in a certain market can erupt quickly, while building homes takes years. These realities make it hard to bring our market into balance. Efforts by government to dampen demand by making home ownership more expensive through taxes and borrowing limitations do not bring balance. Municipal governments adding costs and time delays to new developments do not bring balance. A commitment to developing our communities over the long term may.”
 
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in April 2020 was $884,600. The benchmark value for the same home in April 2021 increased by 12.6 per cent to $996,500, a 2.9 per cent increase from the previous month of March. The MLS® HPI benchmark value for a condominium in the Victoria Core in April 2020 was $533,600, while the benchmark value for the same condominium in April 2021 was $547,600, a 2.6 per cent increase.
 
 
 
The release and the full statistics package will be posted to the VREB website at www.vreb.org/current-statistics later this afternoon.
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I have sold a property at 6425 Portsmouth Rd.
Welcome home to North Nanaimo where you will find this beautiful 3 bedroom + den, 2 bathroom spacious rancher. Walking in you will be immediately drawn to the open layout of the home with a bright and large living room that flows into an eating area/kitchen combination. This layout makes entertaining, supervising your kids, or just relaxing easy. With 3 generous sized bedrooms and a den (currently being used as a fourth bedroom) there is plenty of space for everyone. Take advantage of those summer nights for BBQs with the private back yard, the perfect place to expand your living space and maybe add a trampoline or swing set. Located in North Nanaimo, this home is close to shopping, schools, Woodgrove and all major amenities. If you are looking for a great home in a great location, definitely come and check this one out! Msmts approx., pls verify if important.
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I have sold a property at 224 405 Quebec St.
Welcome home to the Polo Pacific, one of the premier buildings in the heart of James Bay. This one-bed condo offers a west-facing balcony to enjoy the sun and plenty of space to call home. Steps to the Parlaiment Buildings, the Inner Harbour, downtown, Dallas Road, Fisherman's Wharf, and Ogden Point, Polo Pacific has a central but quiet location. The primary bedroom features walk-in closet and cheater ensuite, and the living room has plenty of space for entertaining and working from home. The unit comes complete with one underground parking stall, separate storage locker, and in-suite laundry. Polo Pacific allows rentals, pets (including one dog with no weight restriction), and kids. Perfect for an investor to own a piece of iconic Victoria, downsizers to settle down in, or professionals to live close to town. Call today to arrange your private tour!
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I have sold a property at 207 373 Tyee Rd.
Larger than most 1 Bedrooms being built today, 691 Sq.Ft. - this like new 1 bedroom suite features bamboo floors, stainless steel appliances, full 4 piece cheater ensuite, floor to ceiling windows and much more. You will feel pride in an accomplishment of true environmental sustainability. City, mountain and water views from your balcony! One Secure U/G parking spot + storage locker. Convenient location just seconds to Westside Village Shopping Centre and a short stroll to downtown! A LEED™ Platinum targeted project. Unique on-site amenities include 100% sewage treatment, water conservation & reclamation, biomass heat facility and much more. Call today to be a part of this Award winning Development. PLUS acclaimed BOSA Developments is adding a tremendous 15 acre mixed use parcel that will rapidly complete the 'DowntownWest' district of Victoria Call Dockside Green home today!
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The fast pace of Victoria real estate market surges on
 
A total of 1,173 properties sold in the Victoria Real Estate Board region this March, 92.9 per cent more than the 608 properties sold in March 2020 and 35.9 per cent more than the previous month of February. Sales of condominiums were up 111.8 per cent from March 2020 with 377 units sold. Sales of single family homes were up 88.2 per cent from March 2020 with 574 sold.
 
"Limited supply with overwhelming demand has been the story for the first quarter of 2021,” said Victoria Real Estate Board President David Langlois. “This time last year was the beginning of the pandemic and most everything was shut down – so we cannot compare year over year numbers – but if we look at longer term trends, the average number of sales from the month of March in the past ten years before 2020 was 715 properties. Numbers from last month are close to the market trends we saw in 2016, but with an even greater imbalance in inventory due to a surge in consumer demand for homes in the Victoria area.”
 
There were 1,310 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of March 2021, 41.8 per cent fewer properties than the total available at the end of March 2020 and 0.6 per cent properties fewer than the 1,318 active listings for sale at the end of February 2021.
 
­­"The underlying issue is a deficit in supply,” explained Langlois. “Supply needs to be addressed by all levels of government and particularly by local governments which control land use policies and development processes. Equally important, governments need to ensure that measures they make to moderate the housing market do not exacerbate the problem by attempting to suppress demand by adding costs or qualification barriers. These sorts of measures raise the overall cost of housing and add even more challenges for first time buyers. We need to continue to push for both increased supply and sensible government policies around housing.”
 
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in March 2020 was $879,600. The benchmark value for the same home in March 2021 increased by 10.1 per cent to $968,700 a 2.2 per cent increase from the previous month of February. The MLS® HPI benchmark value for a condominium in the Victoria Core in March 2020 was $531,800, while the benchmark value for the same condominium in March 2021 remained close to last year’s value at $529,100 a 0.5 per cent decrease.
 
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