RSS

Open House. Open House on Sunday, January 19, 2025 2:00PM - 3:30PM

Please visit our Open House at 1006 2000 Hannington Rd in Langford. See details here

Open House on Sunday, January 19, 2025 2:00PM - 3:30PM

*No GST Welcome to One Bear Mountain, nestled on the iconic Bear Mountain Golf Course. This bright & airy 2-bed, 1-bath luxury concrete and steel build condo spans 894 sq. ft., offering breathtaking sunrise & mountain views. Thoughtfully designed, featuring engineered hardwood flooring, custom millwork, a cozy gas fireplace with built-in shelving, & spacious 246 sq. ft. private patio. A chef’s dream kitchen features two-tone Italian cabinetry, quartz countertops, spacious island, integrated lighting, & premium Bosch stainless steel appliances. The primary suite is a tranquil retreat featuring private access to the balcony along with access to the bathroom featuring soaker tub and dual vanity. Enjoy exclusive access to exceptional amenities, including an outdoor pool, a sky lounge, a yoga studio and fitness center, bike storage, a business center, and outdoor terraces with fire pits—offering a lifestyle of luxury only available at Bear Mountain.

Read

BC Home Flipping Tax What you need to know…

As of January 1, 2025, the BC Home Flipping Tax is now in effect. You need to know this new tax is distinct from the existing federal property flipping tax and specifically targets short-term property sales within British Columbia. 

Here’s how it works: 

  • The tax applies to income from sales of residential properties, presale contracts, or assignments owned for less than 730 days (two years). This includes properties bought before January 1, 2025, if they are sold on or after that date and owned for less than two years.  
  • The rate is 20 per cent for sales within the first 365 days of ownership, gradually decreasing until it is eliminated at 730 days.  
  • This tax applies to any person or entity (individual, corporation, partnership, or trust) selling property within BC, regardless of residency.  
  • Exemptions include certain primary residences, though exemptions are subject to specific conditions and filing requirements. 

The BC Government has released a new video about the tax. Check it out below.

To check out all the details on the BC Government website, click here.

For the BC Real Estate Association’s breakdown of the new tax, including a comparison with the federal flipping tax, click here

Read

Jan 2 Victoria Real Estate Market Update

2024 Victoria real estate market year in review

Condominiums 135 25% $547,800 Townhomes 52 33.3% $845,500

A total of 421 properties sold in the Victoria Real Estate Board region this December, 28 per cent more than the 329 properties sold in December 2023 and a 23.6 per cent decrease from November 2024. Sales of condominiums were up 25 per cent from December 2023 with 135 units sold.

Sales of single family homes increased 20.9 per cent from December 2023 with 191 sold. A grand total of 6,893 properties sold over the course of 2024, an 11 per cent increase from the 6,207 sold in 2023. “2024 was a fairly calm year for local real estate,” said 2024 Victoria Real Estate Board Chair Laurie Lidstone. “And this is what we like to see for consumers! It has been a year of stability and predictability.

Prices have been relatively level for the past two years now, which has made it easier for buyers and sellers to navigate transactions with confidence. Even though 2024 had more months with over 3,000 listings than we have had in many years, we do continue to see low inventory levels when compared to long term averages. If inventory remains low and we see an increase in demand, we could very quickly return to a market where there is upward pressure on pricing. This is why the Board will continue to advocate for gentle density development in 2025.”

There were 2,290 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of December 2024, a decrease of 19.3 per cent compared to the previous month of November but a 7.4 per cent increase from the 2,132 active listings for sale at the end of December 2023.

“The future for the market is of course impossible to predict,” added Chair Lidstone. “Recent changes that extend amortization periods for first time buyers, and updates to the property transfer tax thresholds help make homes more attainable, and hopefully help more people to enter the housing market. Consistent interest rates will also increase the ability for folks to make a move. As always, our market is subject to many influences and the purchase and sale process is complex. If you are contemplating buying or selling in 2025, call your favourite local REALTOR® who can create the best strategy for you and for your property.”

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in December 2023 was $1,272,000. The benchmark value for the same home in December 2024 increased by 2.7 per cent to $1,306,400, up 0.3 per cent from November’s value of $1,302,900.

The MLS® HPI benchmark value for a condominium in the Victoria Core area in December 2023 was $556,500 while the benchmark value for the same condominium in December 2024 decreased by 1.6 per cent to $547,800, an increase of 0.6 per cent from the November value of $544,400.

Read

New property listed in La Bear Mountain, Langford

I have listed a new property at 1006 2000 Hannington Rd in Langford. See details here

Welcome to One Bear Mountain, nestled on the iconic Bear Mountain Golf Course. This bright & airy 2-bed, 1-bath luxury concrete and steel build condo spans 894 sq. ft., offering breathtaking sunrise & mountain views. Thoughtfully designed, featuring engineered hardwood flooring, custom millwork, a cozy gas fireplace with built-in shelving, & spacious 246 sq. ft. private patio. A chef’s dream kitchen features two-tone Italian cabinetry, quartz countertops, spacious island, integrated lighting, & premium Bosch stainless steel appliances. The primary suite is a tranquil retreat featuring private access to the balcony along with access to the bathroom featuring soaker tub and dual vanity. Enjoy exclusive access to exceptional amenities, including an outdoor pool, a sky lounge, a yoga studio and fitness center, bike storage, a business center, and outdoor terraces with fire pits—offering a lifestyle of luxury only available at Bear Mountain. No GST

Read

Open House. Open House on Sunday, December 15, 2024 12:00PM - 2:00PM

Please visit our Open House at 1006 2000 Hannington Rd in Langford. See details here

Open House on Sunday, December 15, 2024 12:00PM - 2:00PM

Welcome to One Bear Mountain, nestled on the iconic Bear Mountain Golf Course. This bright & airy 2-bed, 1-bath luxury concrete and steel build condo spans 894 sq. ft., offering breathtaking sunrise & mountain views. Thoughtfully designed, featuring engineered hardwood flooring, custom millwork, a cozy gas fireplace with built-in shelving, & spacious 246 sq. ft. private patio. A chef’s dream kitchen features two-tone Italian cabinetry, quartz countertops, spacious island, integrated lighting, & premium Bosch stainless steel appliances. The primary suite is a tranquil retreat featuring private access to the balcony along with access to the bathroom featuring soaker tub and dual vanity. Enjoy exclusive access to exceptional amenities, including an outdoor pool, a sky lounge, a yoga studio and fitness center, bike storage, a business center, and outdoor terraces with fire pits—offering a lifestyle of luxury only available at Bear Mountain. No GST

Read

New property listed in La Langford Proper, Langford

I have listed a new property at 2928 Phipps Rd in Langford. See details here

Potential Development Opportunity - Langford T.O.A. (Transit Oriented Area) Proudly Offered at $1,150,000.00 Welcome to 2928 Phipps Rd. Located in a convenient area of Langford BC with elevated horizon views over the fully fenced yard to the west. This 2 bedroom 2 bath home features a new bathroom, new flooring, tile and modern appliances. Primary Bedroom features a walk-in closet & custom ensuite with a beautifully designed shower and double vanity. Spacious backyard with deck and pergola and nice porch on the front of the house. SEPARATE DOUBLE CAR GARAGE, RV Parking with two 30 amp services, heat pump in living room and primary bedroom, large bright kitchen and separate dining area. In the heart of Langford and close to Big Box stores & all the amenities Langford has to offer! *Buyer to consult with the municipality regarding the development potential of the subject property as it is currently in the Langford BC T.O.A & to rely on their own due diligence.

Read

New property listed in ML Shawnigan, Malahat & Area

I have listed a new property at 40106 700 Shawnigan Lake Rd in Shawnigan Lake. See details here

700 Shawnigan Lake Road: Where Your Dreams Can Become A Reality. In the heart of Vancouver Island, nestled among rolling hills and whispering pines, lies the Malahat Industrial Center—a canvas where ambition meets opportunity. A perfect property with flexible zoning and central island location with excellent access to both Victoria and up island via the Trans-Canada Highway. ZONING I-1A Light Industrial allows for different enterprises. This newly built warehouse is 2100 sq ft with a mezzanine area upstairs. Interesting layout with options for designing workspaces. Property is ready for immediate possession. Use as a holding property and lease or create your own livelihood. Come check out of the area and see if this fits your needs. End unit with lots of extra parking.

Read

New property listed in La Langford Proper, Langford

I have listed a new property at 2928 Phipps Rd in Langford. See details here

Proudly Offered at $1,300,000.00 The Province of British Columbia has amended the Local Government Act to promote higher-density, mixed-use development near transit stations, referred to as Transit Oriented Areas (TOAs). These amendments aim to encourage a shift toward public transit and foster complete communities. The legislation designates specific transit stations, including Langford Bus Exchange, with set minimum densities and building heights within defined distances. Local governments have now formalizes all TOAs near these stations by bylaw and removed minimum residential off-street parking requirements in their zoning bylaws. Bonus: fully renovated home & separate detached shop to generate rental income. *Buyer to consult with the municipality regarding the development potential of the subject property and to rely on their own due diligence. Info package available upon request.

Read

New property listed in La Bear Mountain, Langford

I have listed a new property at 117 1395 Bear Mountain Pkwy in Langford. See details here

1 bedroom studio golf course resort condo at 117-1395 Bear Mountain Pkwy - Saint Andrews West. LOW Strata Fee. Perfect for the first time home buyers. Secure parking, storage locker, covered patio & more. No GST! This ground floor condo offers peaceful resort living with easy access to various amenities. 9-foot ceilings create a spacious feel, includes a storage locker & parking. The stainless appliances are updated from original. Washer and dryer are updated as well and electric fireplace. Nice patio with room for a bistro set and BBQ. Other patios are common property use are great for get togethers! Lots of visitor parking. Close to tennis courts, fitness facility with heated pool Steps away from world class golfing. Bus route nearby & 5-minute drive to Langford & Costco, this condo offers both tranquility and accessibility. Enjoy beautiful sunsets in the evening from the unit patio in the evening in this quiet and peaceful unit. Bring your dog as strata does allow for pets.

Read

New property listed in VR Prior Lake, View Royal

I have listed a new property at 1923 West Park Lane in View Royal. See details here

Steps to Thetis Lake, Priced Below Assessed Value, Balance of New Home Warrantee, No GST! In an exclusive location backing onto Thetis Lake Park, “West Park at Thetis” is a brand-new community of well-appointed 3-bedroom townhomes right next to Thetis Lake Park. Inside each home you will find the unbeatable combination of quality and value that thousands of Limona clients appreciate including cozy gas fireplaces, spacious kitchens, quartz counters, master bedrooms featuring double-sink ensuite baths with heated floors, gas-fired on demand hot water, efficient Rinnai direct-vent ductless gas heat, generous garages, spacious yards, and more. Lucky residents will enjoy abundant recreation opportunities like hiking the nearby trails plus swimming & paddling at the lake. All this, just a short drive to downtown Victoria, the heart of View Royal, or the shopping & recreation in Langford.

Read

The Proxima Condo and Townhouse Presale Project https://linktw.in/rHCQTE



The Proxima is a new residential development located at 1100-1108 Esquimalt Road. This six-storey complex offers 89 units, including junior 1-bedroom, 1-bedroom, 2-bedroom, 3-bedroom, and townhouse options. Amenities feature a state-of-the-art gym, secured underground parking with EV charging capabilities, and bicycle storage.
THE PROXIMA

Why Move to Esquimalt?

Esquimalt combines the charm of a close-knit community with the convenience of urban living. Its proximity to downtown Victoria, abundance of parks and recreational facilities, reputable schools, and ongoing residential developments like The Proxima make it an attractive place to call home.

Esquimalt, located just west of downtown Victoria, British Columbia, is a vibrant community known for its rich history, scenic waterfronts, and diverse amenities.

Things to Do in Esquimalt

Esquimalt offers a variety of attractions and activities:

Parks and Recreation: Explore Saxe Point Park for panoramic ocean views and picnic spots, or visit Macaulay Point Park, a historic site featuring old military structures and popular rock-climbing areas.
TRIPADVISOR

Esquimalt Gorge Park: Enjoy walking trails, gardens, and waterfront views at this serene park.
TRIPADVISOR

Archie Browning Sports Centre: This multi-use facility includes an ice arena, curling rink, and fitness classes, catering to various sports and recreational activities.
CHATTERBLOCK

Esquimalt Lagoon: A 2 km sandy beach and bird sanctuary, perfect for leisurely walks and wildlife observation.
VANCOUVER ISLAND BUCKET LIST

Schools in Esquimalt

Esquimalt is served by several educational institutions:

Esquimalt High School: Offers comprehensive secondary education with various programs.

Rockheights Middle School: Caters to middle school students with a focus on academic and extracurricular development.

Elementary Schools: Includes Macaulay Elementary and École Victor-Brodeur, the latter offering French immersion programs.

Sports and Entertainment

Recreation Facilities: The Esquimalt Recreation Centre provides swimming pools, fitness.

@viccitymedia @big.city.media

Read

Month-To-Date Market Statistics

November 04, 2024

Please Note

  • Left Column: shows interim counts for all property types so far this month

  • Right Column: shows final counts for all property types for the same month last year

Read
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.