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Open House. Open House on Sunday, October 6, 2024 1:00PM - 3:00PM
New Price and immediate Possession

Please visit our Open House at 3115 Glasgow St in Victoria. See details here

Open House on Sunday, October 6, 2024 1:00PM - 3:00PM New Price and immediate Possession

Open House Sun Oct 6 1-3pm Priced over $50k Below Assessed Value. Fantastic location with the great bones you have been looking for with loads of opportunity and potential for you to make it your own. Featuring a bright main floor with high ceiling with hardwood floors, a spacious living room with fireplace and vintage built-in, 2 bedrooms, bathroom and office/bedroom no closet. Large kitchen with built-in dining nook, mud room with counter space with access to the deck and tree lined backyard. Walkout lower level, with 2 bedrooms and garage access. 5000 sqft level lot. Take advantage of the available rebates and programs such as the Secondary Suite program, Multi Unit zoning, or purchase plus improvement financing options to maximize the potential of this "as-is" home. Walkable to nearby shopping, dining, parks and elementary school with easy access to transit and highways in a family friendly neighbourhood. Bring your offer. Immediate Possession.

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Open House. Open House on Sunday, September 22, 2024 1:00PM - 3:00PM
New Price and immediate Possession

Please visit our Open House at 3115 Glasgow St in Victoria. See details here

Open House on Sunday, September 22, 2024 1:00PM - 3:00PM New Price and immediate Possession

Open House Sun 22nd 1-3pm New Price below Assessed Value, Immediate Possession. Fantastic location with the great bones you have been looking for with loads of opportunity for you to make it your own. Take advantage of the Rebates, Secondary Suite program or Multi Unit zoning options to maximize the potential of this "as is" home. Bright main floor features high ceiling with hardwood floors, a spacious living room with fireplace and vintage built-in, 2 bedrooms, bathroom and office/bedroom no closet. Large kitchen with built-in dining nook, mud room with counter space with access to the deck and tree lined backyard. Walkout lower level, with 2 bedrooms and garage access. 5000 sqft level lot. Walkable to nearby shopping, dining, parks and elementary school with easy access to transit and highways in a family friendly neighbourhood.

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Open House. Open House on Sunday, September 15, 2024 1:00PM - 3:00PM
New Price and immediate Possession

Please visit our Open House at 3115 Glasgow St in Victoria. See details here

Open House on Sunday, September 15, 2024 1:00PM - 3:00PM New Price and immediate Possession

Open House Sun 1-3pmNew Price below Assessed Value, Immediate Possession. Fantastic location with the great bones you have been looking for with loads of opportunity for you to make it your own. Take advantage of the Rebates, Secondary Suite program or Multi Unit zoning options to maximize the potential of this "as is" home. Bright main floor features high ceiling with hardwood floors, a spacious living room with fireplace and vintage built-in, 2 bedrooms, bathroom and office/bedroom no closet. Large kitchen with built-in dining nook, mud room with counter space with access to the deck and tree lined backyard. Walkout lower level, with 2 bedrooms and garage access. 5000 sqft level lot. Walkable to nearby shopping, dining, parks and elementary school with easy access to transit and highways in a family friendly neighbourhood.

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The Bank of Canada has announced another policy rate cut of 25 basis points, bringing the rate down to 4.25%. This marks the third rate cut of the year and offers potential relief for Canadians with variable-rate loans, including mortgages.


What’s Next?
Following the Bank of Canada’s decision, lenders typically take a few days to adjust their prime rates. We expect the prime rate, which influences variable-rate mortgages and other loans, to soon decrease to around 6.45% at most major financial institutions. TD Bank, known for slightly higher prime mortgage rates, could lower it to approximately 6.60%.


How Does This Impact You?
Here’s what this change could mean for you, depending on your loan type:

Fixed-Payment Variable-Rate Mortgages: If you have this type of mortgage, the interest portion of your payment will decrease, while your total monthly payment should remain the same. Over time, more of your payment will go towards the principal.

Adjustable-Rate Mortgages: If your mortgage payments fluctuate with changes in the prime rate, you’ll notice a slight reduction in your next payment.

Fixed-Rate Mortgages: This rate cut won’t impact those with fixed-rate mortgages until it’s time to renew, but it may signal lower rates in the future.

Other Prime-Linked Loans: Personal loans or lines of credit tied to the prime rate will likely see reduced interest charges or smaller monthly payments.


The Bigger Picture
For homeowners and borrowers, this is positive news. As the prime rate decreases, it helps ease the financial burden on those with variable or adjustable-rate loans. In the coming days, we expect to see banks respond by adjusting their lending rates accordingly.

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Open House. Open House on Sunday, September 8, 2024 1:00PM - 3:00PM
New Price and immediate Possession

Please visit our Open House at 3115 Glasgow St in Victoria. See details here

Open House on Sunday, September 8, 2024 1:00PM - 3:00PM New Price and immediate Possession

Open House Sunday 1-3pm New Price below Assessed Value, Immediate Possession. Fantastic location with the great bones you have been looking for with loads of opportunity for you to make it your own. Take advantage of the Rebates, Secondary Suite program or Multi Unit zoning options to maximize the potential of this "as is" home. Bright main floor features high ceiling with hardwood floors, a spacious living room with fireplace and vintage built-in, 2 bedrooms, bathroom and office/bedroom no closet. Large kitchen with built-in dining nook, mud room with counter space with access to the deck and tree lined backyard. Walkout lower level, with 2 bedrooms and garage access. 5000 sqft level lot. Walkable to nearby shopping, dining, parks and elementary school with easy access to transit and highways in a family friendly neighbourhood.

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Victoria’s summer real estate market meets seasonal expectations

 

A total of 545 properties sold in the Victoria Real Estate Board region this August, 0.2 per cent more than the 544 properties sold in August 2023 and a 16.5 per cent decrease from July 2024. Sales of condominiums were up 10.4 per cent from August 2023 with 181 units sold. Sales of single family homes decreased by 7.7 per cent from August 2023 with 252 sold.

 

“The final month of the summer is generally a rather relaxed one in terms of real estate sales and listings,” said 2024 Victoria Real Estate Board Chair Laurie Lidstone. “Many folks pause their home shopping activities or pause their sales listing to make the most of other summer activities and vacations. It’s no surprise that sales this year were so close to the sales from 2023 and that listings declined slightly from the number we saw in July.”

 

There were 3,191 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of August 2024, a decrease of 4.7 per cent compared to the previous month of July and a 28.2 per cent increase from the 2,490 active listings for sale at the end of August 2023.

 

“It’s likely our market will trend a bit busier in the upcoming fall months,” adds Chair Lidstone. “In September people return their attention to work and school and to bigger projects like making a move. Week by week into the fall our market will evolve so if you are considering listing or buying a home in the Victoria area, connect with your favourite local REALTOR® to help develop your best real estate strategy.”

 

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in August 2023 was $1,327,800. The benchmark value for the same home in August 2024 decreased by 3 per cent to $1,287,400, down from July’s value of $1,296,100. The MLS® HPI benchmark value for a condominium in the Victoria Core area in August 2023 was $575,900 while the benchmark value for the same condominium in August 2024 decreased by 2.9 per cent to $559,200, down from the July value of $567,800.

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Open House. Open House on Saturday, September 7, 2024 1:00PM - 3:00PM

Please visit our Open House at 508 916 Lyall St in Esquimalt. See details here

Open House on Saturday, September 7, 2024 1:00PM - 3:00PM

Open House Sat 1-3 Unique Westbay Quay Spacious 1250 sqft sub penthouse 2 Bed 2 Bath Split Bedroom Floor Plan created by combining 2 units by the developer, giving the option of dual primary suites, 2 underground parking spaces & storage lockers. 2022 Built Steel and Concrete construction with a great location convenient to downtown, transit, recreation, shopping, and Marina. Finished with Hardwood Floors, heated bathroom floors, extra large dual entry closets, Fisher Paykel Cooktop/Oven, stainless range hood, paneled Blomberg fridge/freezer, dual pull out dishwasher, quartz counter top, glass backsplash and roller blinds. Both generously sized bedrooms offer large oversized windows to soak up the views and patio access. Main living area with dual sliders, patio with BBQ hook up & water tap. City/Water/Marina Views, morning walks by the water, enjoy the Café in the building, an afternoon sail, kayak or take a water taxi downtown. This is the West Coast lifestyle you dream about!

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Open House. Open House on Sunday, September 1, 2024 1:00PM - 3:00PM

Please visit our Open House at 3115 Glasgow St in Victoria. See details here

Open House on Sunday, September 1, 2024 1:00PM - 3:00PM

Open House Sun 1-3pm New Price, Immediate Possession. Fantastic home with a fantastic location with the great bones you have been looking for. Updates done over the years with potential for you to make it your own. Bright and Airy main floor featuring fir hardwood floors, a spacious living room with fireplace and vintage built-in, 2 bedrooms, bathroom and office/bedroom no closet. Large kitchen with built-in dining nook, mud room with counter space with access to the deck and tree lined backyard. Walkout lower level, with 2 bedrooms and garage access. 5000 sqft level lot. Walkable to nearby shopping, dining, parks and elementary school with easy access to transit and highways in a family friendly neighbourhood.

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New property listed in Es Old Esquimalt, Esquimalt

I have listed a new property at 508 916 Lyall St in Esquimalt. See details here

Unique Westbay Quay Spacious 1250 sqft 2 Bed 2 Bath Split Bedroom Floor Plan created by combining 2 units by the developer, giving the option of dual primary suites with 2 underground parking spaces & 2 storage lockers. 2022 Built Steel and Concrete construction with a great location convenient to downtown, transit, recreation, shopping, and Marina. Finished with Maple Hardwood Floors, heated bathroom floors, extra large dual entry closets, Fisher Paykel Cooktop/Oven, stainless range hood, paneled Blomberg fridge/freezer, dual pull out dishwasher, quartz counter top, glass backsplash and roller blinds. Both generously sized bedrooms offer large oversized windows to soak up the views and patio access. Main living area with dual sliders, patio with BBQ hook up & water tap. City/Water/Marina Views, morning walks by the water, enjoy the Café in the building, an afternoon sail, kayak or take a water taxi downtown. This is the West Coast lifestyle you dream about!

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Open House. Open House on Saturday, August 24, 2024 1:00PM - 3:00PM

Please visit our Open House at 3115 Glasgow St in Victoria. See details here

Open House on Saturday, August 24, 2024 1:00PM - 3:00PM

Open House Sat 1-3pm Immediate Possession. Fantastic home with a fantastic location with the great bones you have been looking for. Updates done over the years with potential for you to make it your own. Bright and Airy main floor featuring fir hardwood floors, a spacious living room with fireplace and vintage built-in, 2 bedrooms, bathroom and office/bedroom no closet. Large kitchen with built-in dining nook, mud room with counter space with access to the deck and tree lined backyard. Walkout lower level, with 2 bedrooms and garage access. 5000 sqft level lot. Walkable to nearby shopping, dining, parks and elementary school with easy access to transit and highways in a family friendly neighbourhood.

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New property listed in VR Hospital, View Royal

I have listed a new property at 2204 Burnside Rd W in View Royal. See details here

10,739 sq.ft fully serviced lot Zoned R1B which allows for multiple options. Excellent location close to the Galloping Goose Trail, Vic General Hospital, Eagle Creek Village, Highland Pacific Golf Course with great schools and quick access to Highway. Ready-to-build Proposed Plans are for a 3500+sq ft 4 Bedroom Home with a Lower Suite as well as a 2 Bedroom Suite above the garage. Take advantage of the extensive work already completed to have this site ready-to-build with a builder able to start construction pending permit approval or create your own custom dream home in this stellar location. Please Do Not Walk property without an appointment. Buyer to confirm Zoning and building options with City also pending permits and use of Proposed Building Plans

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New property listed in Sk Sooke Vill Core, Sooke

I have listed a new property at 6867 Laura's Lane in Sooke. See details here

Immediate Possession. No Fee Strata Half Duplex Built in 2016 offers a Spacious Floor Plan with over 1600 sqft of Living Space. This 3 bedroom, 3 bath home is centrally located in Sooke, on a family friendly cull-de-sac in a desirable neighbourhood. Featuring a large living/kitchen/dinning room with electric fireplace, kitchen with great counter space and stainless appliances, a large covered patio which leads to the fully fenced backyard, laundry room, extra storage closets, sprinkler system, extra deep single car garage with built in loft storage and interior home access. Primary bedroom with a walk-in-closet and ensuite, 2 other good sized bedrooms both with walk-in closets. Located just minutes away from Sooke's Town Centre, the Prestige Oceanfront Resort and the Sooke Marine Boardwalk. Move-in ready.

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