Please visit our Open House at 9937 Bessredge PL in SIDNEY.
Open House on Saturday, April 7, 2018 11:30AM - 1:00PM Gorgeous new build with many high end features! Come by and check it out!
This immaculate, newly completed home is located on a quiet cul-de-sac and backs onto a hidden park. The many modern features include quartz counter tops, stainless steel appliances, gas stove, high efficiency hot water on demand, high efficiency heat pump with air conditioning for hot summer days, soft-close cabinetry, under-cabinet lighting, heated tile floors, paving stone driveway and patio, natural gas hook-ups, irrigation system, roller blinds, modern lighting and efficient LED potlights throughout; walk-in shower and double sinks, deep soaker tub; and a post and beam entrance, roughed-in central vacuum, and plenty of storage. Conveniently located near schools and amenities, this home is ready for your family and within walking distance to downtown Sidney. Come admire this home’s impeccable fit and finish—the builder’s pride is evident throughout every inch of this home. Price does not include GST.
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Hello all,

 

I hope that everyone had an excellent Easter weekend!

 

Here is a new market update for the month of April.

 

Total sales in Greater Victoria during March bounced back 26% from the previous month of February: 688 versus 545. However, this still represents a substantial drop from the total number of units sold during March of 2017: 929 units. This lower volume of sales can be seen as arising from a substantially decreased inventory of available properties currently on the market. This phenomenon is in line with a national trend seen in most metropolitan areas throughout the country. Despite decreased inventory, sale prices remain solid and few economists predict a significant decrease in pricing in the short term.

 

 

 

 

 

Here in BC, controversy has been generated through the introduction of a new tax that attempts to target property speculators and those who own non-primary residences. Below I have compiled a number of articles that discuss the tax’s introduction, possible implications, and the resulting push back from certain communities and industries.
 
B.C. speculation tax: Here's what you need to know
 
 
 
 
 
 
 
That’s it for this time! I hope you all have an excellent month!
 
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,
 
 
Agustin Torres
Island Homes Group
250-886-8520
4440 Chatterton Way
Victoria BC
V8X5J2
Read full post

I have listed a new property at 4491 Prospect Lake RD in VICTORIA.
Located minutes from town, this tranquil, low-maintenance acreage is a nature lovers dream. The house’s open layout provides lots of natural light with floor to ceiling windows looking out over forest, an expansive stone patio, and a private pond that is a magnet for wildlife. Renovated throughout, this home feature top-of-the-line updates including a custom kitchen with granite counters, master ensuite bathroom with walk-in shower and jetted tub, gorgeous caramel hardwood floors, heated tile floors, two wood-burning fireplaces, and a heat pump. The main floor includes a self-contained suite that is perfect for guests or family. Downstairs you will find a large media room with 7.1 surround sound, HD projector, massive screen, and double sound-proofed walls; an office, and ample space for a home gym, workshop, and lots of storage. The 5.4 acres surrounding the house feature an extensive network of walking trails for you to explore, in addition to plenty of room to store boats and RVs.
Read full post

Please visit our Open House at 9935 Bessredge PL in SIDNEY.
Open House on Sunday, March 25, 2018 12:00PM - 2:00PM Gorgeous new build with many high end features! Come by and check it out!
This immaculate, newly completed home is located on a quiet cul-de-sac and backs onto a hidden park. The many modern features include quartz counter tops, stainless steel appliances, gas stove, high efficiency hot water on demand, high efficiency heat pump with air conditioning for hot summer days, soft-close cabinetry, under-cabinet lighting, heated tile floors, paving stone driveway and patio, natural gas hook-ups, irrigation system, roller blinds, modern lighting and efficient LED potlights throughout; ensuite bathroom with walk-in shower, deep soaker tub; and a post and beam entrance, roughed-in central vacuum, and plenty of storage. Conveniently located near schools and amenities, this home is ready for your family and within walking distance to downtown Sidney. Come admire this home’s impeccable fit and finish—the builder’s pride is evident throughout every inch of this home. Price does not include GST
Read full post

Please visit our Open House at 4491 Prospect Lake RD in VICTORIA.
Open House on Saturday, March 17, 2018 2:30PM - 4:00PM Gorgeous wooded acreage! Don't miss out!
Located minutes from town, this tranquil, low-maintenance acreage is a nature lovers dream. The house’s open layout provides lots of natural light with floor to ceiling windows looking out over forest, an expansive stone patio, and a private pond that is a magnet for wildlife. Renovated throughout, this home feature top-of-the-line updates including a custom kitchen with granite counters, master ensuite bathroom with walk-in shower and jetted tub, gorgeous caramel hardwood floors, heated tile floors, two wood-burning fireplaces, and a heat pump. The main floor includes a self-contained suite that is perfect for guests or family. Downstairs you will find a large media room with 7.1 surround sound, HD projector, massive screen, and double sound-proofed walls; an office, and ample space for a home gym, workshop, and lots of storage. The 5.4 acres surrounding the house feature an extensive network of walking trails for you to explore, in addition to plenty of room to store boats and RVs.
Read full post

Please visit our Open House at 9935 Bessredge PL in SIDNEY.
Open House on Saturday, March 17, 2018 1:00PM - 3:00PM Gorgeous new build with many high end features! Come by and check it out!
This immaculate, newly completed home is located on a quiet cul-de-sac and backs onto a hidden park. The many modern features include quartz counter tops, stainless steel appliances, gas stove, high efficiency hot water on demand, high efficiency heat pump with air conditioning for hot summer days, soft-close cabinetry, under-cabinet lighting, heated tile floors, paving stone driveway and patio, natural gas hook-ups, irrigation system, roller blinds, modern lighting and efficient LED potlights throughout; ensuite bathroom with walk-in shower, deep soaker tub; and a post and beam entrance, roughed-in central vacuum, and plenty of storage. Conveniently located near schools and amenities, this home is ready for your family and within walking distance to downtown Sidney. Come admire this home’s impeccable fit and finish—the builder’s pride is evident throughout every inch of this home. Price does not include GST
Read full post

Please visit our Open House at 9937 Bessredge PL in SIDNEY.
Open House on Saturday, March 17, 2018 1:00PM - 3:00PM Gorgeous new build with many high end features! Come by and check it out!
This immaculate, newly completed home is located on a quiet cul-de-sac and backs onto a hidden park. The many modern features include quartz counter tops, stainless steel appliances, gas stove, high efficiency hot water on demand, high efficiency heat pump with air conditioning for hot summer days, soft-close cabinetry, under-cabinet lighting, heated tile floors, paving stone driveway and patio, natural gas hook-ups, irrigation system, roller blinds, modern lighting and efficient LED potlights throughout; walk-in shower and double sinks, deep soaker tub; and a post and beam entrance, roughed-in central vacuum, and plenty of storage. Conveniently located near schools and amenities, this home is ready for your family and within walking distance to downtown Sidney. Come admire this home’s impeccable fit and finish—the builder’s pride is evident throughout every inch of this home. Price does not include GST.
Read full post

Please visit our Open House at 9935 Bessredge PL in SIDNEY.
Open House on Saturday, March 10, 2018 2:00PM - 4:00PM Gorgeous new build with many high end features! Come by and check it out!
This immaculate, newly completed home is located on a quiet cul-de-sac and backs onto a hidden park. The many modern features include quartz counter tops, stainless steel appliances, gas stove, high efficiency hot water on demand, high efficiency heat pump with air conditioning for hot summer days, soft-close cabinetry, under-cabinet lighting, heated tile floors, paving stone driveway and patio, natural gas hook-ups, irrigation system, roller blinds, modern lighting and efficient LED potlights throughout; ensuite bathroom with walk-in shower, deep soaker tub; and a post and beam entrance, roughed-in central vacuum, and plenty of storage. Conveniently located near schools and amenities, this home is ready for your family and within walking distance to downtown Sidney. Come admire this home’s impeccable fit and finish—the builder’s pride is evident throughout every inch of this home. Price does not include GST
Read full post

Please visit our Open House at 9935 Bessredge PL in SIDNEY.
Open House on Sunday, March 11, 2018 2:00PM - 4:00PM Gorgeous new build with many high end features! Come by and check it out!
This immaculate, newly completed home is located on a quiet cul-de-sac and backs onto a hidden park. The many modern features include quartz counter tops, stainless steel appliances, gas stove, high efficiency hot water on demand, high efficiency heat pump with air conditioning for hot summer days, soft-close cabinetry, under-cabinet lighting, heated tile floors, paving stone driveway and patio, natural gas hook-ups, irrigation system, roller blinds, modern lighting and efficient LED potlights throughout; ensuite bathroom with walk-in shower, deep soaker tub; and a post and beam entrance, roughed-in central vacuum, and plenty of storage. Conveniently located near schools and amenities, this home is ready for your family and within walking distance to downtown Sidney. Come admire this home’s impeccable fit and finish—the builder’s pride is evident throughout every inch of this home. Price does not include GST
Read full post

Please visit our Open House at 9937 Bessredge PL in SIDNEY.
Open House on Saturday, March 10, 2018 2:00PM - 4:00PM Gorgeous new build with many high end features! Come by and check it out!
This immaculate, newly completed home is located on a quiet cul-de-sac and backs onto a hidden park. The many modern features include quartz counter tops, stainless steel appliances, gas stove, high efficiency hot water on demand, high efficiency heat pump with air conditioning for hot summer days, soft-close cabinetry, under-cabinet lighting, heated tile floors, paving stone driveway and patio, natural gas hook-ups, irrigation system, roller blinds, modern lighting and efficient LED potlights throughout; walk-in shower and double sinks, deep soaker tub; and a post and beam entrance, roughed-in central vacuum, and plenty of storage. Conveniently located near schools and amenities, this home is ready for your family and within walking distance to downtown Sidney. Come admire this home’s impeccable fit and finish—the builder’s pride is evident throughout every inch of this home. Price does not include GST.
Read full post

Please visit our Open House at 9937 Bessredge PL in SIDNEY.
Open House on Sunday, March 11, 2018 2:00PM - 4:00PM Gorgeous new build with many high end features! Come by and check it out!
This immaculate, newly completed home is located on a quiet cul-de-sac and backs onto a hidden park. The many modern features include quartz counter tops, stainless steel appliances, gas stove, high efficiency hot water on demand, high efficiency heat pump with air conditioning for hot summer days, soft-close cabinetry, under-cabinet lighting, heated tile floors, paving stone driveway and patio, natural gas hook-ups, irrigation system, roller blinds, modern lighting and efficient LED potlights throughout; walk-in shower and double sinks, deep soaker tub; and a post and beam entrance, roughed-in central vacuum, and plenty of storage. Conveniently located near schools and amenities, this home is ready for your family and within walking distance to downtown Sidney. Come admire this home’s impeccable fit and finish—the builder’s pride is evident throughout every inch of this home. Price does not include GST.
Read full post

I have listed a new property at 9935 Bessredge PL in SIDNEY.
This immaculate, newly completed home is located on a quiet cul-de-sac and backs onto a hidden park. The many modern features include quartz counter tops, stainless steel appliances, gas stove, high efficiency hot water on demand, high efficiency heat pump with air conditioning for hot summer days, soft-close cabinetry, under-cabinet lighting, heated tile floors, paving stone driveway and patio, natural gas hook-ups, irrigation system, roller blinds, modern lighting and efficient LED potlights throughout; ensuite bathroom with walk-in shower, deep soaker tub; and a post and beam entrance, roughed-in central vacuum, and plenty of storage. Conveniently located near schools and amenities, this home is ready for your family and within walking distance to downtown Sidney. Come admire this home’s impeccable fit and finish—the builder’s pride is evident throughout every inch of this home. Price does not include GST
Read full post

I have listed a new property at 9937 Bessredge PL in SIDNEY.
This immaculate, newly completed home is located on a quiet cul-de-sac and backs onto a hidden park. The many modern features include quartz counter tops, stainless steel appliances, gas stove, high efficiency hot water on demand, high efficiency heat pump with air conditioning for hot summer days, soft-close cabinetry, under-cabinet lighting, heated tile floors, paving stone driveway and patio, natural gas hook-ups, irrigation system, roller blinds, modern lighting and efficient LED potlights throughout; walk-in shower and double sinks, deep soaker tub; and a post and beam entrance, roughed-in central vacuum, and plenty of storage. Conveniently located near schools and amenities, this home is ready for your family and within walking distance to downtown Sidney. Come admire this home’s impeccable fit and finish—the builder’s pride is evident throughout every inch of this home. Price does not include GST.
Read full post

 

 March Market Update

 

Hello everyone,

 

We hope you all had an excellent February and are looking forward to spring as the weather takes a turn for the better.

 

Here is another monthly real estate market update:

 

February saw the market continue at a low inventory level coupled with cautious buyers influenced by new interest rates and mortgage stress test requirements. Despite this conservatism, selling prices remained solid. For instance, during February the average sale price for a single family detached home in Greater Victoria was $876,397 compared to $852,111 in February 2017; but, the total number of sales for all residential properties was 519 units compared to 635 units last February. In Greater Victoria decreasing inventory has been the been the trend since early 2016—a period coinciding with a steady increase in sale prices. Below I have included two graphs that demonstrate this dynamic(Source VREB.org).

 

 

 

 

 

 Below we have included a few real estate stories that caught our eye last month:

 

 

Toronto condo owner discovers unit listed on Airbnb behind her back — with more than 70 reviews

 

 Real estate industry casts doubt on B.C.'s housing affordability plan

 

 Low prices, higher cap rates draw developers to Vancouver Island

 

 Benchmark price for home rises to $840,300 in core Victoria

 

 Home prices rise on gains in Vancouver, Victoria

 

 

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

 

 

 

Read full post

Please visit our Open House at 4491 Prospect Lake RD in VICTORIA.
Open House on Saturday, March 3, 2018 2:00PM - 4:00PM Gorgeous wooded acreage! Don't miss out!
Located minutes from town, this tranquil, low-maintenance acreage is a nature lovers dream. The house’s open layout provides lots of natural light with floor to ceiling windows looking out over forest, an expansive stone patio, and a private pond that is a magnet for wildlife. Renovated throughout, this home feature top-of-the-line updates including a custom kitchen with granite counters, master ensuite bathroom with walk-in shower and jetted tub, gorgeous caramel hardwood floors, heated tile floors, two wood-burning fireplaces, and a heat pump. The main floor includes a self-contained suite that is perfect for guests or family. Downstairs you will find a large media room with 7.1 surround sound, HD projector, massive screen, and double sound-proofed walls; an office, and ample space for a home gym, workshop, and lots of storage. The 5.4 acres surrounding the house feature an extensive network of walking trails for you to explore, in addition to plenty of room to store boats and RVs.
Read full post

I have sold a property at 323 2245 James White BLVD in SIDNEY.
Charming top floor, one bedroom condo in beautiful Sidney by the Sea! This South-facing condo is tucked away on a quiet street in a well-maintained building that offers a tranquil park and pond to its residents. The condo includes a well-equipped kitchen which overlooks the bright living/dining areas. Off of the living space you will find a private balcony with treed views. The master bedroom features a spacious walk-through closet, and a cheater 4pc ensuite bath. Ample in-suite storage can be found in the laundry room. Covered parking and separate storage also included. Terrific location just off of Sidney's Beacon Avenue, where you will find grocery stores, cafes, restaurants and shopping. Stroll through the town and down to the water to make the most of living in this oceanside community. Near the highway, you are just a few minutes away from the ferries and airport, and an easy drive in to Victoria.
Read full post

Please visit our Open House at 4491 Prospect Lake RD in VICTORIA.
Open House on Sunday, February 25, 2018 2:00PM - 4:00PM Gorgeous wooded acreage! Don't miss out!
Located minutes from town, this tranquil, low-maintenance acreage is a nature lovers dream. The house’s open layout provides lots of natural light with floor to ceiling windows looking out over forest, an expansive stone patio, and a private pond that is a magnet for wildlife. Renovated throughout, this home feature top-of-the-line updates including a custom kitchen with granite counters, master ensuite bathroom with walk-in shower and jetted tub, gorgeous caramel hardwood floors, heated tile floors, two wood-burning fireplaces, and a heat pump. The main floor includes a self-contained suite that is perfect for guests or family. Downstairs you will find a large media room with 7.1 surround sound, HD projector, massive screen, and double sound-proofed walls; an office, and ample space for a home gym, workshop, and lots of storage. The 5.4 acres surrounding the house feature an extensive network of walking trails for you to explore, in addition to plenty of room to store boats and RVs.
Read full post

I have listed a new property at 4491 Prospect Lake RD in VICTORIA.
Located minutes from town, this tranquil, low-maintenance acreage is a nature lovers dream. The house’s open layout provides lots of natural light with floor to ceiling windows looking out over forest, an expansive stone patio, and a private pond that is a magnet for wildlife. Renovated throughout, this home feature top-of-the-line updates including a custom kitchen with granite counters, master ensuite bathroom with walk-in shower and jetted tub, gorgeous caramel hardwood floors, heated tile floors, two wood-burning fireplaces, and a heat pump. The main floor includes a self-contained suite that is perfect for guests or family. Downstairs you will find a large media room with 7.1 surround sound, HD projector, massive screen, and double sound-proofed walls; an office, and ample space for a home gym, workshop, and lots of storage. The 5.4 acres surrounding the house feature an extensive network of walking trails for you to explore, in addition to plenty of room to store boats and RVs.
Read full post

Please visit our Open House at 4491 Prospect Lake RD in VICTORIA.
Open House on Saturday, February 24, 2018 12:00PM - 2:00PM Gorgeous wooded acreage! Don't miss out!
Located minutes from town, this tranquil, low-maintenance acreage is a nature lovers dream. The house’s open layout provides lots of natural light with floor to ceiling windows looking out over forest, an expansive stone patio, and a private pond that is a magnet for wildlife. Renovated throughout, this home feature top-of-the-line updates including a custom kitchen with granite counters, master ensuite bathroom with walk-in shower and jetted tub, gorgeous caramel hardwood floors, heated tile floors, two wood-burning fireplaces, and a heat pump. The main floor includes a self-contained suite that is perfect for guests or family. Downstairs you will find a large media room with 7.1 surround sound, HD projector, massive screen, and double sound-proofed walls; an office, and ample space for a home gym, workshop, and lots of storage. The 5.4 acres surrounding the house feature an extensive network of walking trails for you to explore, in addition to plenty of room to store boats and RVs.
Read full post

Please visit our Open House at 4491 Prospect Lake RD in VICTORIA.
Open House on Sunday, February 18, 2018 2:00PM - 4:00PM Don't miss this beautiful home! Come and see it for yourself!

This home is located in a quiet, low maintenance acreage minutes from town with fast, convenient access to the ferries, airport or major routes. The layout is open and naturally well lit with massive floor to ceiling windows over looking an expansive stone patio and natural pond which is a magnet for wildlife. This generously proportioned home is ideal for entertaining guests, with great access to the outdoor space, including a large wooden deck overlooking a mature garden and the stone patio overlooking the pond area. If movies or games are your thing, there is a full media room with 7.1 surround sound, a HD projector and massive screen all set up and ready to go. The walls and ceilings in this room are double sound proofed so late night gaming/ binge watching sessions shouldn’t disturb those sleeping upstairs. There is a self contained suite with washroom and shower, ideal for family or guests staying over or even accommodation for a semi-dependent family member. The home has been renovated throughout with top of the line updates. Including custom kitchen with granite counter tops. Ensuite shower with a full walk in shower/sauna, air jetted tub and two custom fitted walk in closets. The hardwood floors are a beautiful warm caramel tone and all tiled floors are electrically heated. This house was made for “Hygge” with two efficient wood burning fireplaces and a heat pump for those days you just don’t want to brave the rain for another log. There is plenty of space in the fully finished walk out basement to set up an office, home gym, man cave, workshop or whatever you can imagine. There is an extensive network of nature trails on this park like 5.4 acre property. The trails wind their way through mature cedars and Douglas firs with their roots nestled an understory of salal, Oregon grape, and sword ferns. This home is a nature lovers dream come true in so many ways. There is also plenty of room for parking vehicles and toys: boats, travel trailers, campers, etc. including a 20x14 car port that is high enough to accommodate a travel trailer.

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