Real estate

8408 Lawrence Road sold for the record-breaking asking price of $22.75 million. Amenities include a full gym, tennis courts and a mechanical boat launch. (Engel & Volkers)

Sale of Saanich Peninsula estate breaks Greater Victoria price record

Agent says sale of the $22.75 million estate shows an increased demand in luxury properties

 

A real estate sign is pictured in Vancouver on June 12, 2018. THE CANADIAN PRESS/Jonathan Hayward

Homes listed for sale in Metro Vancouver have fallen to lows not seen since 2016

New home built during the pandemic, with a specific focus on projects for the rental market

 

Cooper Shantz, former owner of 575 St. Patrick St., stands in front of his old home before it was barged to the San Juan Islands. (Photo courtesy of Cooper Shantz)

VIDEO: Oak Bay home up and moved to San Juan Islands

House-moving effort from Nickel Brothers draws a crowd in McNeill Bay neighbourhood

 

So-called Magical Mountain on the edge of Finlayson Arm is for sale, and local organizers are campaigning to have it acquired as a park. (Photo courtesy of Kristen Awram)

Langford mom campaigns to have property listed at $3.8 million acquired as a park

Pristine parcel of forested, undeveloped land lays on the east side of Finlayson Arm

So-called Magical Mountain on the edge of Finlayson Arm is for sale, and local organizers are campaigning to have it acquired as a park. (Photo courtesy of Kristen Awram)
Sales in the area covered by Victoria Real Estate Board stagnated in August compared to July, but the level of inventory led to a slowdown compared to August 2020. (Black Press Media file photo)

Greater Victoria’s benchmark price for single-family home clears $1 million

Sidney is the ‘cheapest’ Peninsula community with a single-family home costing $901,700 in August

Sales in the area covered by Victoria Real Estate Board stagnated in August compared to July, but the level of inventory led to a slowdown compared to August 2020. (Black Press Media file photo)
Total property sales and listings for this July decreased considerably from July 2020 and June 2021, while benchmark property values were on the rise, according to the Victoria Real Estate Board. (Black Press Media file photo)

No summer doldrums on Greater Victoria home values

Million-dollar houses the norm in region’s core, trends point to continued low inventory

Total property sales and listings for this July decreased considerably from July 2020 and June 2021, while benchmark property values were on the rise, according to the Victoria Real Estate Board. (Black Press Media file photo)
A house is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. Canadian home prices increased in June to mark the largest 12-month gain on record as prices climbed in all 11 markets, says the Teranet National Bank composite price index. THE CANADIAN PRESS/Sean Kilpatrick

Canadian home prices up 16% in June for largest 12-month gain on record, says index

Halifax led with prices climbing 30.8 per cent over the past year

A house is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. Canadian home prices increased in June to mark the largest 12-month gain on record as prices climbed in all 11 markets, says the Teranet National Bank composite price index. THE CANADIAN PRESS/Sean Kilpatrick
New homes are built in a housing construction development in the west-end of Ottawa on Thursday, May 6, 2021. THE CANADIAN PRESS/Sean Kilpatrick

Annual pace of housing starts in Canada slowed in June: CMHC

The seasonally adjusted annual rate of housing starts fell 1.5% to 282,070 units in June compared to 286,296 in May

New homes are built in a housing construction development in the west-end of Ottawa on Thursday, May 6, 2021. THE CANADIAN PRESS/Sean Kilpatrick
Real estate for sale signs are shown in Oakville, Ont. on Saturday, Dec.1, 2018. THE CANADIAN PRESS/Richard Buchan

CREA reports home sales down 8.4% month-over-month in June

CREA said 73,402 homes were listed in June, down 0.7 per cent from 73,912 in May

Real estate for sale signs are shown in Oakville, Ont. on Saturday, Dec.1, 2018. THE CANADIAN PRESS/Richard Buchan
Real estate prices are high and so is demand, but low inventory has seen home prices increase even more since June 2020. (Black Press Media file photo)

High demand, low inventory driving Greater Victoria real estate prices up

$1.063 million bought the typical single-family home in region’s core in June

Real estate prices are high and so is demand, but low inventory has seen home prices increase even more since June 2020. (Black Press Media file photo)
A rendering of One Bear Mountain, a 209-unit condo building expected to begin construction in Langford in early 2022. (Courtesy of 360 Pacifica and Terracap corporations)

18-storey condos with 15th floor pool to soar on Langford mountaintop

One Bear Mountain expected to begin construction in early 2022

A rendering of One Bear Mountain, a 209-unit condo building expected to begin construction in Langford in early 2022. (Courtesy of 360 Pacifica and Terracap corporations)
Victoria Truth Centre and Long-term Inmates Now in the Community (L.I.N.C.) Society are hoping to replicate in Langford the format used on Emma’s Farm in Mission, pictured here. (Patrick Penner/Black Press Media)

Victoria Truth Centre hopes to grow transformative justice in Langford

Purchase proposal would see offenders, survivors and families work on organic vegetable farm

Victoria Truth Centre and Long-term Inmates Now in the Community (L.I.N.C.) Society are hoping to replicate in Langford the format used on Emma’s Farm in Mission, pictured here. (Patrick Penner/Black Press Media)
People walk past new homes for sale in Oakville, Ont., on Tuesday, April 14, 2009. THE CANADIAN PRESS/Nathan Denette

May home sales fell 7.4 per cent, but on pace for record level this year: CREA

Canadian Real Estate Association predicting 2021 will see transactions rise 23.8 per cent

People walk past new homes for sale in Oakville, Ont., on Tuesday, April 14, 2009. THE CANADIAN PRESS/Nathan Denette
Between June 1 and 7, 168 net unconditional sales were made for properties in the VREB region. (Black Press Media file photo)

Victoria home sales slightly behind last June’s pace

Benchmark value of single-family home in Greater Victoria tops $1 million

Between June 1 and 7, 168 net unconditional sales were made for properties in the VREB region. (Black Press Media file photo)
White Rock’s 14635 Marine Dr. has been listed for $3,998,000. (Aaron Hinks photos)

PHOTOS: ‘Whimsical fairy tale’ B.C. house listed for $4 million

Owner wants to sell waterfront home in White Rock so she can buy a castle in France

White Rock’s 14635 Marine Dr. has been listed for $3,998,000. (Aaron Hinks photos)
Victoria has fallen in its national ranking by millennials among best places to live, according to research done by Point2. (Don Descoteau/News Staff)

Victoria falls six positions to eighth in millennials’ ranking of city centres

Healthcare, life satisfaction saw monumental backslides in the past four years: Point2

Victoria has fallen in its national ranking by millennials among best places to live, according to research done by Point2. (Don Descoteau/News Staff)
Realtor Tammi Dimock says it’s become typical for a client to put in five to 10 offers before one is accepted, which is stressful for clients and their realtors. (Zoe Ducklow/News Staff)

Houses selling for $30K – $100K over asking the new normal, Sooke realtors say

‘There used to be an opportunity to negotiate. There’s no negotiation now.’

Realtor Tammi Dimock says it’s become typical for a client to put in five to 10 offers before one is accepted, which is stressful for clients and their realtors. (Zoe Ducklow/News Staff)
A home is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick

CREA says April home sales down 12.5 per cent from record high set in March

The actual national average home price was a little under $696,000 in April

A home is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick
New homes are built in a housing construction development in the west-end of Ottawa on Thursday, May 6, 2021. THE CANADIAN PRESS/Sean Kilpatrick

Budget’s foreign-homebuyers tax could bring in $509 million over 4 years, PBO says

Liberals are proposing a one per cent tax on vacant homes owned by foreign non-residents

New homes are built in a housing construction development in the west-end of Ottawa on Thursday, May 6, 2021. THE CANADIAN PRESS/Sean Kilpatrick
The Village on Third in Nanaimo won the Judges’ Choice award as top overall entry at the Vancouver Island Real Estate Board Commercial Building Awards. (Photo submitted)

Top developments north of the Malahat honoured by Vancouver Island Real Estate Board

Nanaimo’s Village on Third takes top honour at VIREB Commercial Building Awards

The Village on Third in Nanaimo won the Judges’ Choice award as top overall entry at the Vancouver Island Real Estate Board Commercial Building Awards. (Photo submitted)