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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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I have sold a property at TH4 100 Saghalie Rd.
1 of only 6 luxury steel & concrete townhouses located in prestigious Bayview One Complex. This lovely 2 bed/3 bath end unit offers lots of natural light & open floor plan. Your own entrance leads you into kitchen/living/dining space with access to large, south-facing patio. The gourmet kitchen hosts stone countertops, solid wood cabinetry & large island. Two spacious bedrooms each with their own ensuite on the upper level. Master bedroom has walk in closet, 4 pc ensuite & balcony. Heat pump for heating & cooling. Good sized laundry/storage in suite. Complex has concierge service, guest suite, sauna, gym, business center, bike & kayak storage, car wash & pet wash. Large indoor common room & outdoor common patio for entertaining. Unit includes TWO underground parking stalls & separate storage locker. Great location walking distance to downtown Victoria, restaurants & shopping. An outdoor lifestyle awaits with access to the inner harbour & Galloping Goose Trail. Rentable, pet friendly.
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I have sold a property at 5 2830 Irma St.
Luxury living steps from the ocean! Sophisticated home is the perfect blend of style & comfort. Designer interior showcases superior finishings throughout. Main offers a desirable open floor plan with excellent sightlines. Chic kitchen offers upscale appliances, quality cabinetry, gleaming granite & bar seating for casual meals. Entertain in the formal dining rm. Inviting living rm enhanced with FP. Above, spacious primary suite with large closet & 5pc ensuite. 2nd bed on opposing side with walk-in closet, laundry & 4pc bath complete. Walkout lower provides a 3rd bedroom, 3pc bath & garage access. Excellent outdoor living space with a expansive sun soaked patio – plus a balcony on the front & back of the property – providing multiple vantage points to take in the stunning scenery. Prime location on the Gorge waterway – with lots of parks & oceanside trails to explore! Launch your kayak or paddleboard & take in the coastline. Walk to shops, restaurants, entertainment, transit & more!
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Thanks you for your interest in NEST by Chard, a boutique collection of 1-, 2- and 3-bedroom homes situated in a walkable, softer urban area.

From the corner of Cook and Yates - where Victoria's best neighbourhoods connect - NEST draws you to explore the heart of the urban arts scene in Fernwood, to relax with a leafy walk through the Fairfield neighbourhood, to enjoy all the conveniences of the Downtown commercial district, and to experience the funky retail vibe of North Park. With perfect access to a variety of transportation options, Upper Yates is where it all connects. 
BOUTIQUE IN SCALE
NEST's 12 storeys are cast in concrete and elevated by distinguished interior finishes. Oversized balconies extend living beyond the interior while expansive, double glazed, thermal insulated windows ensure abundant natural light. Paired with air-conditioning and innovative, fresh air supply system, homes at NEST boast quiet, year-round comfort. 


BIG ON BENEFITS
Beyond the interior, residents of NEST enjoy a large, landscaped central mews designed for gathering in the open air or sitting quietly amongst the greenery. A dedicated dog run and a convenient dog wash means all members of the family are considered. A corner restaurant and café will animate the ground floor. 

Residents looking to venture further afield will appreciate the exclusive bike share program - including electric bikes - as well as the dedicated car share vehicles. Closer to home, a ground floor fitness centre will make at-home workouts easy. 
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Victoria Real Estate Market demand surges against limited supply
 
A total of 863 properties sold in the Victoria Real Estate Board region this February, 53.3 per cent more than the 563 properties sold in February 2020 and 33.6 per cent more than the previous month of January. Sales of condominiums were up 65.7 per cent from February 2020 with 290 units sold. Sales of single family homes were up 43.9 per cent from February 2020 with 390 sold.
 
"Our early spring market is in full swing carrying on from a fast start in January,” said Victoria Real Estate Board President David Langlois.  “Our market remains one with tightly constrained inventory and high demand. The good news is that we have seen some stabilization in listings and condo pricing between January and February, but we continue to see huge pressure on single family homes – new listings are snapped up as soon as they are listed. As a result, the pressure on single family homes continues to ramp up. There is significant competition for desirable homes – and in our marketplace most homes are desirable – and people competing for properties pushes prices up.”
 
There were 1,318 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of February 2021, 38 per cent fewer properties than the total available at the end of February 2020 and three properties fewer than the 1,321 active listings for sale at the end of January 2020.
 
­­“The theme for 2021 is going to be inventory - where does it come from and how much new supply can be approved - so that this situation does not persist,” adds Langlois. “We’ve seen the government attempt to influence the housing market in hopes of dampening the demand for home ownership. The foreign buyer tax has changed nothing – our market continues to zoom forward with almost no foreign buyers. The government adjusted mortgage qualification rules, those are absorbed by the market and buyers adjust. Demand-suppression measures have not worked and their failure to moderate housing prices in our community has only exacerbated the pressure on the supply that was constrained ten years ago but is now at historically low levels. If you are concerned about housing prices and availability of housing in general in our community, please support development in your municipality. Be vocal with your local council or neighbourhood association – these stakeholders hold the power in these negotiations - and help to make space in your community. Gentle density and the building of new homes are the only pathway to moderate housing prices in our area.”
 
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in February 2020 was $870,300. The benchmark value for the same home in February 2021 increased by 9 per cent to $948,200, a 1.7 per cent increase from the previous month of January. The MLS® HPI benchmark value for a condominium in the Victoria Core in February 2020 was $525,600, while the benchmark for the same condominium in February 2021 remained close to last year’s value at $525,400, a 0.38 per cent decrease.
 
 
 
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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Released to media today:
 
Victoria real estate market sees strong start to 2021
 
A total of 646 properties sold in the Victoria Real Estate Board region this January, 57.2 percent more than the 411 properties sold in January 2020 and 2.4 percent more than the previous month of December. Sales of condominiums were up 83.1 percent from January 2020 with 216 units sold. Sales of single-family homes were up 48.5 percent from January 2020 with 297 sold.
 
“Our bustling market continues to be fueled by strong consumer demand to own a home in Greater Victoria, driven in part by low-interest rates and by the overall desirability of our larger community,” said Victoria Real Estate Board President David Langlois. “This continuing demand, coupled with our record low inventory, has resulted in competition for desirable properties. The competition for sparse inventory has pushed both pricing and activity up and has created the very fast-paced market that we’ve been experiencing for the past several months.”
 
There were 1,321 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of January 2021, 32.5 percent fewer properties than the total available at the end of January 2020 but a 3.3 percent increase from the 1,279 active listings for sale at the end of December 2020.
 
­­“The luxury home market continues to significantly outpace previous years,” adds Langlois. “For example, in January 2020, four homes over two million dollars sold. This January, twenty-five sold. We also see continued strengthening in the condominium market across all price points. Right now, navigating both the buying and selling process is challenging. With many moving pieces and in such a fast-paced market it’s important to leverage the experience and expertise of your trusted local REALTOR®.”
 
The Multiple Listing Service® Home Price Index benchmark value for a single-family home in the Victoria Core in January 2020 was $860,700. The benchmark value for the same home in January 2021 increased by 8.3 percent to $932,000, a 1.8 percent increase from the previous month of December. The MLS® HPI benchmark value for a condominium in the Victoria Core in January 2020 was $523,400, while the benchmark for the same condominium in January 2021 remained close to last year’s value at $518,800, a 0.9 percent decrease.
 
 
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I have sold a property at 903 Deal St.
Prepare to be impressed with this fully renovated (by Icelandic Carpentry) home that sits proudly on a private 17,055 sq. ft lot at the end of a cul-de-sac in south Oak Bay. The centre staircase is adorned by a glass roof that provides an abundance of natural daylight throughout the open concept heart of the home. The living room is cozy for two yet large enough to entertain with ease. The dining room features a vaulted ceiling to delineate it from the brilliantly planned kitchen that features quartz countertops & backsplash, high quality appliances & cabinetry. The master bedroom is enhanced with the hot tub on the patio & luxurious ensuite. The second bedroom on the main floor also features it’s own ensuite bathroom. Work from home with ease in the main floor office/3rd bedroom. Downstairs boasts a family / recreation room, 4th bedroom, 4th bathroom, laundry & storage. Heat & cool economically with the heat pump. Walk to the VGC, the Village, Marina, OB Beach Hotel, promenade etc.
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The 2020 Victoria real estate market year in review
 
A total of 631 properties sold in the Victoria Real Estate Board region this December, 57 per cent more than the 402 properties sold in December 2019 and a 20.6 per cent decrease from November 2020. Sales of condominiums were up 61.2 per cent from December 2019 with 195 units sold. Sales of single family homes increased 58.6 per cent from December 2019 with 314 sold.
 
A grand total of 8,497 properties sold over the course of 2020, 17.1 percent more than the 7,255 that sold in 2019. 2020 sales came in close to one thousand sales over the ten-year average of 7,329 properties.
 
“This has been an unexpected year on many levels,” says 2020 Victoria Real Estate Board President Sandi-Jo Ayers. “The onset of the COVID-19 pandemic in March and April quickly swept away any illusions that our normal seasonal market patterns would persist. Equally surprising was the resurgence of our market in early summer when restrictions lightened and pent-up demand began pushing sales beyond expectations. The combination of the ongoing pandemic, historically low interest rates and a shift in consumer priorities towards properties that cater to a more home-based work / life / retirement balance resulted in record setting sales for the last several months of 2020.”
 
There were 1,279 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of December 2020, a decrease of 29.5 per cent compared to the previous month of November and a 34.5 per cent decrease from the 1,952 active listings for sale at the end of December 2019. This represents the lowest inventory of active listings at month-end in at least the last 25 years.
 
“The other side of our local story was the inventory,” adds Ayers. “We ended the year on a record low of properties available in Greater Victoria. This means that the huge demand we see for homes in our area is not being met by supply and prices are being pushed upwards as buyers vie for homes. Even historically lower-priced markets like the Highlands and the Westshore are seeing pressure as buyers adjust what suits their needs and focus on home ownership. What remains consistent is that in this complex market, your REALTOR® can help to navigate one of the biggest purchases most will make in their lifetime." 
 
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in December 2019 was $857,200. The benchmark value for the same home in December 2020 increased by 6.8 per cent to $915,100, slightly more than November’s value of $903,100. The MLS® HPI benchmark value for a condominium in the Victoria Core area in December 2019 was $520,100, while the benchmark value for the same condominium in December 2020 decreased by 0.9 per cent to $515,600, slightly less than the November value of $516,600.
 
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I have sold a property at 32 4355 Viewmont Ave.
“The Reeve" - Royal Oak's newest townhouse development consisting of 36 exclusive 3 Bedroom plans, ranging from 1,443 to 1,543 finished sq. ft. featuring solar voltaic panels on each home, central heating & air conditioning and on-demand hot water. Electric vehicle charging in every garage & driveway parking for your second car. 2 luxurious colour schemes to choose from, gourmet kitchens with high-end stainless appliances, quartz countertops and gas BBQ. Some plans offer fenced backyards and all include spacious patios and decks. Bring your pets! Centrally located next to Brydon Park, within walking distance to Royal Oak Shopping Centre, restaurants & bus exchange. Another quality project brought to you by Mike Geric Construction Ltd. Most homes are now ready for immediate possession & the rest will be ready in early 2021. Only $10,000 deposit required. VIRTUAL TOUR AVAILABLE!
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Strata insurance update
 
As of January 1, the practice of "best terms" pricing is to end in BC. This will help moderate the high cost of insuring stratas in our province.
 
The B.C. Financial Services Authority had in its interim report released this summer identified "best terms" as one of the reasons the cost of strata insurance was under high pressure.
 
For further detail and an explanation of how "best terms" works, visit this Vancouver Sun article.
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