Real estate

The village is over a century old and is an important historical site and was at one point the gateway to the mountaneering community in the Canadian Rockies. (RE/MAX photo)

Saving Golden’s Swiss Village: Dr. Johann Roduit and Dr. Ilona Spaar reflect on iconic B.C. spot

The historic Edelweiss Village has been for sale for over a year, and preservation talks are moving

The village is over a century old and is an important historical site and was at one point the gateway to the mountaneering community in the Canadian Rockies. (RE/MAX photo)
A sign outside a home indicates that it has been rented, in Ottawa, on Monday, March 1, 2021. THE CANADIAN PRESS/Justin Tang

National rental price up 3% from last year, while vacancy rates hold steady: CMHC

The national vacancy rate sat at 3.1 per cent last year

A sign outside a home indicates that it has been rented, in Ottawa, on Monday, March 1, 2021. THE CANADIAN PRESS/Justin Tang
Statistics Canada’s most recent census shows those who moved to the region in 2019/2020 have come mostly from within B.C. (Screen Grab)

Duncan luring newcomers from elsewhere on Vancouver Island

More than 550 moved north from Victoria, according to the latest census

Statistics Canada’s most recent census shows those who moved to the region in 2019/2020 have come mostly from within B.C. (Screen Grab)
Real estate sales slowed down in Greater Victoria in January but affordability remains an ongoing concern in the face of low inventory and soon-to-be-expected rising interest rates. (Black Press Media file photo)

Prices trend upward as real estate sales slow down in Greater Victoria

Benchmark price for a single-family home on the West Shore was $962,400 in January

Real estate sales slowed down in Greater Victoria in January but affordability remains an ongoing concern in the face of low inventory and soon-to-be-expected rising interest rates. (Black Press Media file photo)
Inventory of single-family homes has been on the decline on Vancouver Island. (PQB News file photo)
Inventory of single-family homes has been on the decline on Vancouver Island. (PQB News file photo)
(Black Press file photo)

B.C. housing sales slow amid ‘severely limited’ supply

The British Columbia Real Estate Association forecasts home prices will rise by 8.5% in 2022

(Black Press file photo)
Sale of a prime piece of property where the Crofton Elementary School used to be located has closed. (Photo by Don Bodger)

Old Crofton school site sells for $1.81 million

Multiple bids lead to final deal closure of $560,000 above the asking price

Sale of a prime piece of property where the Crofton Elementary School used to be located has closed. (Photo by Don Bodger)
A for sale is sign is displayed in front of a house in the Riverdale area of Toronto on Wednesday, September 29, 2021. THE CANADIAN PRESS/Evan Buhler

2021 home sales set Canadian new record, tops previous high by 20 per cent

CREA says about 667,000 residential properties changed hands in 2021

A for sale is sign is displayed in front of a house in the Riverdale area of Toronto on Wednesday, September 29, 2021. THE CANADIAN PRESS/Evan Buhler
8408 Lawrence Rd. in Central Saanich sold last fall for its asking price of $22.75 million. According to BC Assessment, it was assessed at just under $11.15 million as of July 1, 2021. (Courtesy of Engel & Volkers)

Saanich Peninsula property’s $23-million selling price over double its 2021 assessment

BC Assessment valued 8404 Lawrence Rd. in Central Saanich at just over $11 million.

8408 Lawrence Rd. in Central Saanich sold last fall for its asking price of $22.75 million. According to BC Assessment, it was assessed at just under $11.15 million as of July 1, 2021. (Courtesy of Engel & Volkers)
The highest assessed property values in the District of Sooke ranged from $2.8 million to $3.9 million. None of the properties in the upper echelons fell in value last year, according to B.C. Assessment. (File - Metro-Creative)

Sooke’s priciest properties jump significantly in assessed values

B.C. Assessment valued a property at 5921 Sooke Rd. at just under $4 million

The highest assessed property values in the District of Sooke ranged from $2.8 million to $3.9 million. None of the properties in the upper echelons fell in value last year, according to B.C. Assessment. (File - Metro-Creative)
A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018.  THE CANADIAN PRESS Jonathan Hayward

Real estate board says Metro Vancouver home sales hit record in 2021

Sales in 2021 rose 42.2 per cent over previous year and smashed a sales volume record set in 2015

A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018.  THE CANADIAN PRESS Jonathan Hayward
Greater Victoria real estate sales jumped more than 18 per cent in 2021 over the previous year, according to figures from the Victoria Real Estate Board. (Black Press Media file photo)

2021 a banner year for real estate in Greater Victoria

Sales total comes close to eclipsing record, even with million-dollar prices common

Greater Victoria real estate sales jumped more than 18 per cent in 2021 over the previous year, according to figures from the Victoria Real Estate Board. (Black Press Media file photo)
A home on Stephenson Point Road is one of six residential properties on the road that ranked among the top 10 of Nanaimo’s highest-assessed homes listed by B.C. Assessments in 2022. (Chris Bush/News Bulletin)

Nanaimo’s top 10 highest-assessed properties for 2022

Market forces lift single-family home assessments 34 per cent

A home on Stephenson Point Road is one of six residential properties on the road that ranked among the top 10 of Nanaimo’s highest-assessed homes listed by B.C. Assessments in 2022. (Chris Bush/News Bulletin)
Chip Wilson’s Point Grey home clocked in as the highest valued in the province for yet another year. (Google Maps)

Chip Wilson’s pad, a Rock House and an island: Here are the most expensive homes in B.C.

BC Assessment releases list of highest valued residential properties in the province

Chip Wilson’s Point Grey home clocked in as the highest valued in the province for yet another year. (Google Maps)
Houses are seen in an aerial view in Langley, B.C., on Wednesday May 16, 2018. Home sales in Metro Vancouver remain well below the 10 year average for the region but sellers continue to hold the upper hand as the Real Estate Board of Greater Vancouver says demand for properties is steady but buyers have little to choose from. THE CANADIAN PRESS/Darryl Dyck

B.C. home values increase by 22% for 2022, biggest changes in single-family houses

Breaking down what homeowners can expect, region by region

Houses are seen in an aerial view in Langley, B.C., on Wednesday May 16, 2018. Home sales in Metro Vancouver remain well below the 10 year average for the region but sellers continue to hold the upper hand as the Real Estate Board of Greater Vancouver says demand for properties is steady but buyers have little to choose from. THE CANADIAN PRESS/Darryl Dyck
A rendering of One Bear Mountain, a 209-unit condominium building expected to begin construction in Langford in early 2022. A penthouse condo in the building has set a new record for the West Shore, selling for $3.65 million. (Courtesy of 360 Pacifica and Terracap corporations)

Langford penthouse sets West Shore record with $3.65 million selling price

Luxury condo part of One Bear Mountain, projected for completion by 2024

A rendering of One Bear Mountain, a 209-unit condominium building expected to begin construction in Langford in early 2022. A penthouse condo in the building has set a new record for the West Shore, selling for $3.65 million. (Courtesy of 360 Pacifica and Terracap corporations)
The Real Estate Board of Greater Vancouver says home sales activity in the area for the month of October remain below long-term historical averages. A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward

Mortgage rates predicted return to pre-pandemic levels of 3% by late 2022, BCREA says

First rate increase from Bank of Canada is expected in mid-2022

The Real Estate Board of Greater Vancouver says home sales activity in the area for the month of October remain below long-term historical averages. A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward
The benchmark price for a single family home in the Victoria core region of the Victoria Real Estate Board was about $1.122 million, $912,700 for the West Shore and $1.129 million for the Saanich Peninsula. (Black Press Media file photo)

Bidding wars continue in Greater Victoria despite lower sales

The benchmark value for a single-family home in the Victoria core was about $1.122 million

The benchmark price for a single family home in the Victoria core region of the Victoria Real Estate Board was about $1.122 million, $912,700 for the West Shore and $1.129 million for the Saanich Peninsula. (Black Press Media file photo)
An artist’s rendering of the The Residences in Sooke. (Contributed - Fitzpatrick Enterprises)

Sooke condo breaks record with $1.1 million resale

Waterfront location boosted the price significantly, says realtor

An artist’s rendering of the The Residences in Sooke. (Contributed - Fitzpatrick Enterprises)
FILE – A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward

B.C. housing market supply ‘historically low,’ could increase with rising mortgage rates

BCREA says that even with rising rates, it will take time for supply to recover

FILE – A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward