Please visit our Open House at 825 Bexhill PL in VICTORIA.
Open House on Saturday, December 9, 2017 12:00PM - 2:00PM
Come home to this lovely 4 bedroom/3 bathroom home on Triangle Mountain. Inside you will find maple hardwood floors; an impressive custom Oak kitchen with double-wall ovens, 6 burner gas cooktop, granite countertops and more, perfect for the gourmet chefs! Off the kitchen there is a cozy family room with its own gas fireplace and breakfast nook, as well as a rear deck that is perched high above a 3 acre greenspace, perfect for wildlife and storm watching. The master bedroom with double vanity and jetted bathtub is a lap of luxury. Downstairs you will find a one bedroom suite, perfect for visiting family. The house also features a two-car garage,and a large heated storage area. The home has been upgraded with a heat pump, built in speakers and more! Come see all this home has to offer your family. Floor plans and virtual tours available, dont delay!
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Please visit our Open House at 825 Bexhill PL in VICTORIA.
Open House on Sunday, December 10, 2017 12:00PM - 2:00PM
Come home to this lovely 4 bedroom/3 bathroom home on Triangle Mountain. Inside you will find maple hardwood floors; an impressive custom Oak kitchen with double-wall ovens, 6 burner gas cooktop, granite countertops and more, perfect for the gourmet chefs! Off the kitchen there is a cozy family room with its own gas fireplace and breakfast nook, as well as a rear deck that is perched high above a 3 acre greenspace, perfect for wildlife and storm watching. The master bedroom with double vanity and jetted bathtub is a lap of luxury. Downstairs you will find a one bedroom suite, perfect for visiting family. The house also features a two-car garage,and a large heated storage area. The home has been upgraded with a heat pump, built in speakers and more! Come see all this home has to offer your family. Floor plans and virtual tours available, dont delay!
Read Full Story
Please visit our Open House at 825 Bexhill PL in VICTORIA.
Open House on Saturday, December 2, 2017 12:00PM - 2:00PM
Come home to this lovely 4 bedroom/3 bathroom home on Triangle Mountain. Inside you will find maple hardwood floors; an impressive custom Oak kitchen with double-wall ovens, 6 burner gas cooktop, granite countertops and more, perfect for the gourmet chefs! Off the kitchen there is a cozy family room with its own gas fireplace and breakfast nook, as well as a rear deck that is perched high above a 3 acre greenspace, perfect for wildlife and storm watching. The master bedroom with double vanity and jetted bathtub is a lap of luxury. Downstairs you will find a one bedroom suite, perfect for visiting family. The house also features a two-car garage,and a large heated storage area. The home has been upgraded with a heat pump, built in speakers and more! Come see all this home has to offer your family. Floor plans and virtual tours available, dont delay!
Read Full Story
I have sold a property at 8679 Forest Park DR in NORTH SAANICH.
Tucked amongst the trees in the quiet, park-like setting of Dean Park, this 3 bedroom, 3 bathroom house has a lot to offer a family. Features include a master bedroom with ensuite washroom and walk-in closet, a large kitchen with a breakfast nook, a fireplace and wood-burning stove, a large laundry room, two-car garage, and a back deck that over looks the green, tree-framed backyard. The unfinished basement has extra high ceilings and is waiting for your ideas and offers a lot of possibilities. Floor plans available and easy to show!
Read Full Story
I have listed a new property at 825 Bexhill PL in VICTORIA.
Come home to this lovely 4 bedroom/3 bathroom home on Triangle Mountain. Inside you will find maple hardwood floors; an impressive custom Oak kitchen with double-wall ovens, 6 burner gas cooktop, granite countertops and more, perfect for the gourmet chefs! Off the kitchen there is a cozy family room with its own gas fireplace and breakfast nook, as well as a rear deck that is perched high above a 3 acre greenspace, perfect for wildlife and storm watching. The master bedroom with double vanity and jetted bathtub is a lap of luxury. Downstairs you will find a one bedroom suite, perfect for visiting family. The house also features a two-car garage,and a large heated storage area. The home has been upgraded with a heat pump, built in speakers and more! Come see all this home has to offer your family. Floor plans and virtual tours available, dont delay!
Read Full Story
I have listed a new property at 5 1536 Middle RD.
First time in the market in 28 years! Great location minutes from the heart of Town, this little gem has it all with all amenities near by. Meticulously maintained and well looked after since new. The layout is perfect for one level living with 2 big bedrooms and a very generous full ensuite bathroom. The open concept layout and orientation of the home allow it to be showered in natural light. Rare offering at a great price, don't delay floor plans online!
Read Full Story
I have listed a new property at 9937 Bessredge PL in SIDNEY.
Brand new, custom home! This 3 bedroom, 3 bathroom home is located on a quiet cul-de-sac and backs onto Swiftsure Park in a walkable area that is close to schools and amenities. Contains all the comforts and luxuries you expect in a new build including a ductless heat pump, bathroom toe-kick lighting, heated tile floors, hot water on demand, master bedroom with ensuite bathroom and walk-in closet, fireplace, attached garage, and patio. Come see all this house has to offer! Estimated completion for January 1, 2018
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I have listed a new property at 9935 Bessredge PL in SIDNEY.
Brand new, custom home! This 3 bedroom, 3 bathroom home is located on a quiet cul-de-sac and backs onto Swiftsure Park in a walkable area that is close to schools and amenities. Contains all the comforts and luxuries you expect in a new build including a ductless heat pump, bathroom toe-kick lighting, heated tile floors, hot water on demand, master bedroom with ensuite bathroom and walk-in closet, fireplace, attached garage, and patio. Come see all this house has to offer! Estimated completion of January 1 2018
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November Market Update

 

Hello again, everyone. Here is a market update for November 2017.

 

In October real estate sales experienced a slight up-tick from September (664 sales from 640), continuing a pattern of lowered sales numbers when compared to last year (735 sales in October 2016). Despite a slower market, average home prices continued to rise during the last year with the average price of a single family dwelling moving from $773,504 in October 2016 to $854,833.

 

Victoria Real Estate Board President Ara Balabanian is forecasting market stability in the coming months, with the provision that the new mortgage stress tests could give some buyers a sense of urgency:

 

In the coming months we expect to see less inventory on the market, because the year end changes buyer and seller behaviours, their focus shifts to holidays and winter weather. One unknown influence that may play on the winter market is the upcoming mortgage stress test. Some buyers may move their purchasing timelines forward to make their home purchases before the stress test on uninsured buyers (those with a down payment of 20 per cent or more) becomes required January 1.” (VREB.org)

 

So, what about the introduction of the mortgage stress test? The Office of the Superintendent of Financial Institutions’ new rules extend a stress test that was already in place for high risk mortgages to lower risk ones. Under the B-20 guidelines, uninsured borrowers will have to prove that they can withstand either a 2% rate increase on their mortgage or payments at the five-year average rate, whichever is greater. At the moment any buyer with a down payment of 20% or more is not required to buy mortgage insurance. Although the new rules officially come into effect January 1st, expect some federally regulated lenders to impose them before then. Practically speaking, this new rule could force buyers into a lower price range than they might previously have been qualified for, and squeeze out some buyers altogether. A mortgage broker we often work with has stated that some buyers who previously would qualify for an $800,000 mortgage might be downgraded to one at $600,000. Also, the market could heat up during November and December as buyers try to maximize their purchase power and sellers, especially those of more expensive properties, try to capitalize on a larger buyer pool.

 

As always, if you are interested in learning how the current market conditions affect you or your investments, would like a market analysis of your property, or if we can be of assistance in any way at all, please don’t hesitate to give us a call (250-886-8520) or send us an email (info@island-homes.ca).

 

Sincerely,

 

 

Island Homes Group

info@island-homes.ca

facebook.com/islandhomesgroup/

250-886-8520

4440 Chatterton Way

Victoria BC

 

V8X5J2

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I have sold a property at 9390 East Saanich RD in BRENTWOOD BAY.
This country-style home with suite below is located on a very large, 12,632 square-foot lot in a quickly-developing area. The house features 6 bedrooms and 2 bathrooms, large decks with green views, and lots of storage space. This property has serious investment potential and is located near Sidney, the airport, shopping, and amenities. Floor plans are available. Come take a closer look and see this property’s possibilities.
Read Full Story
I have sold a property at 123 4490 Chatterton WAY in VICTORIA.
This 2 bedroom, 2 bathroom condominium is set within the manicured grounds of quiet Broadmead Terrace. Located on the ground floor of its building, this spacious unit is ideal for an owner looking for ease of access and features a large garden patio. 4490 Chatterton Way is conveniently located within walking distance between both Royal Oak Shopping Centre and Broadmead Shopping Centre, and directly across the street from the walking trails of Rithet’s Bog. This condominium also features a large kitchen, crown mouldings, glass-fronted cabinets, a breakfast nook, a laundry room, a soaker tub in the en-suite bathroom, storage, and underground parking. Floor plans available online. Come discover what this property has to offer!
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I have sold a property at 4298 Glanford AVE in VICTORIA.
3 suites! Fully updated from top to bottom. This home makes a great investment property or owner occupier with amazing rental offset. The list of updates include; New windows, roof, 200amp service, gas fireplace, granite counter tops, floors, paint, bathroom updates and much much more. Upstairs is 2 bedrooms and easily 3 beds if needed, fully updated with gas fireplace, wood fireplace, hardwood floors and entertainment size great-room. Downstairs you will find a 2 bedroom suite which is full updated as well as a bachelor studio. The backyard is private and filled with sun, tons of parking for a boat, RV, Motor-home as well as an over sized double/triple car detached garage which is fully wired and plumbed. Don't miss out on this great opportunity!!
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Please visit our Open House at 8679 Forest Park DR in NORTH SAANICH.
Open House on Saturday, October 21, 2017 2:00PM - 4:00PM One-level living with unfinished basement full of potential.
Tucked amongst the trees in the quiet, park-like setting of Dean Park, this 3 bedroom, 3 bathroom house has a lot to offer a family. Features include a master bedroom with ensuite washroom and walk-in closet, a large kitchen with a breakfast nook, a fireplace and wood-burning stove, a large laundry room, two-car garage, and a back deck that over looks the green, tree-framed backyard. The unfinished basement has extra high ceilings and is waiting for your ideas and offers a lot of possibilities. Floor plans available and easy to show!
Read Full Story
I have listed a new property at 8679 Forest Park DR in NORTH SAANICH.
Tucked amongst the trees in the quiet, park-like setting of Dean Park, this 3 bedroom, 3 bathroom house has a lot to offer a family. Features include a master bedroom with ensuite washroom and walk-in closet, a large kitchen with a breakfast nook, a fireplace and wood-burning stove, a large laundry room, two-car garage, and a back deck that over looks the green, tree-framed backyard. The unfinished basement has extra high ceilings and is waiting for your ideas and offers a lot of possibilities. Floor plans available and easy to show!
Read Full Story
I have sold a property at 631 Hoffman AVE in VICTORIA.
A great starter home in a convenient location! Located minutes from Millstream Village, this home is a short walk to cafes, shopping, restaurants, and the Galloping Goose Trail. This home is ideal for those looking to enter the market or downsize and features a flat 8400 sq ft lot, a garden studio that is perfect for an office (or possible garden suite), access room for parking an RV or boat, and an enormous yard that is perfect for playing with the kids, summer barbecuing, or starting a veggie garden. This home has a lot of untapped potential. Don’t delay! Floor plans available online.
Read Full Story
I have listed a new property at 5 1536 Middle RD.
First time in the market in 28 years! Great location minutes from the heart of Town, this little gem has it all with all amenities near by. Meticulously manintained and well looked after since new. The layout is perfect for one level living with 2 big bedrooms and a very generous full ensuite bathroom. The open concept layout and orinetation of the home allow it to be showerd in natural light. Rare offering at a great price, dont delay floorplans online!
Read Full Story

 

Hello! We hope you all had an excellent September. Here is another monthly update:

The month of September saw real estate sales in Victoria slow slightly with 640 units sold in total, down from 736 during August. Moreover, the 640 units sold in September 2017 is also a slight drop from sales during September 2016 during which time 781 units were sold in Greater Victoria.


 

 




 

 

On Sunday, September 24th Island Homes Group hosted a fundraiser for Liam Comboye, a young boy in a battle against diffuse intrinsic pontine gliomas (DIPG), and for BC Children's Hospital. The event featured inflatable games and face painting provided by Games2U, and food and drinks courtesy of Save-on-Foods. We were overjoyed with the large turnout to Centennial Park for the fundraiser and would like to thank all of you who were able to attend. We would especially like to offer our sincerest gratitude to all of you who went the extra mile and gave so generously with your donations—your kindness made the event a huge success. 


 


Below you will find a selection of real estate related news stories that have recently piqued our interest:


"Chinese Warn The Dangers Of Buying Canadian Real Estate… Like Raccoons And Bears"
 

 
 
 

 

We hope you all have a fantastic October and a spooky Halloween!

As always, if you are interested in learning how the current market conditions affect you or your investments, would like a market analysis of your property, or if we can be of assistance in any way at all, please don’t hesitate to give us a call (250-886-8520) or send us an email (info@island-homes.ca).

Sincerely,

Island Homes Group


Post CommentComments: 0Read Full Story
I have sold a property at 18 124 Cooper RD in VICTORIA.
This updated double-wide manufactured home is located in Mountain View Estates, adjacent to Gorge Vale Golf Club and walking distance to the Gorge waterway. Inside you will find 1152 spacious finished square feet of bright, open living space which includes 3 bedrooms, 2 updated bathrooms, laminate flooring throughout, an updated kitchen with modern appliances, vinyl windows, and a living room with a wood-burning stove. The master bedroom features an ensuite bathroom with a soaker tub and separate shower. Outside you will find a large deck, porch, a 1-year-old roof, and a shed for all your projects. Mountain View Estates, a family-oriented complex, is conveniently located near schools, shopping, and town. Come take a look at what this home has to offer! Floor plans available.
Read Full Story
I have listed a new property at 9390 East Saanich RD in BRENTWOOD BAY.
This country-style home with suite below is located on a very large, 13,079 square-foot lot in a quickly-developing area. The house features 6 bedrooms and 2 bathrooms, large decks with green views, and lots of storage space. This property has serious investment potential and is located near Sidney, the airport, shopping, and amenities. Floor plans are available. Come take a closer look and see this property’s possibilities.
Read Full Story
I have sold a property at 303 1035 Sutlej ST in VICTORIA.
Located in the Heart of Cook St Village, this open concept 1 bed 2 bath one of kind Penthouse unit has its own private 500sqft+ sun drenched roof top patio & balcony! Newly built in 2010, this condo oozes pride of ownership throughout and is steps to all amenities, specialty coffee shops, restaurants, Dallas Rd, Beacon Hill Park & everything this highly desirable location has to offer! This bright, rentable, pet friendly unit offers contemporary eclectic architecture, floor to ceiling energy efficient window system, engineered bamboo flooring, granite counter tops, living room with fireplace, tiled spa like bathrooms, in suite laundry, secure underground parking & separate storage to name a few. Building still offers balance of home warranty for peace of mind. HD PHOTOs, VIDEO & FLOOR PLAN ONLINE.
Read Full Story
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