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Have you seen Royal Bay lately?

Royal Bay is a residential and commercial area located in Colwood, a city in the Greater Victoria region of British Columbia, Canada.

CLICK HERE for a list of Homes and condos for sale in Royal Bay Colwood BC.

Here are some key facts about Royal Bay:Location: Royal Bay is situated on the southern coast of Vancouver Island, offering stunning views of the Strait of Juan de Fuca and the Olympic Mountains. It's part of the city of Colwood, which is located about 10 kilometers west of downtown Victoria.

History: The area was previously the site of a large gravel quarry, which operated for several decades. The quarry was a significant supplier of gravel for construction projects throughout the region. In the early 2000s, the site was earmarked for redevelopment into a residential and commercial community.

Development: The redevelopment of Royal Bay began in earnest in the mid-2010s. The master-planned community is designed to include a mix of housing types, including single-family homes, townhouses, and apartments. The development also features commercial spaces, parks, and recreational facilities.

Amenities: Royal Bay is planned to include a variety of amenities for residents. These include schools, shopping centers, parks, and beaches. Royal Bay Secondary School, for example, serves the educational needs of the community's youth.

Recreation: The area offers numerous opportunities for outdoor activities. Royal Bay Beach Park is a popular destination for locals and visitors alike, providing access to the beach and waterfront. The Galloping Goose Regional Trail, a multi-use trail popular with cyclists and pedestrians, is also nearby.

Transportation: Royal Bay is accessible via several major roads, including Metchosin Road and Latoria Road. Public transportation options are available, connecting the community to other parts of Colwood and Greater Victoria.

Environmental Considerations: The development of Royal Bay has included efforts to preserve and enhance the natural environment. This includes the creation of green spaces, the restoration of natural habitats, and measures to protect local wildlife.

Community Vision: The vision for Royal Bay is to create a vibrant, sustainable community that integrates seamlessly with its natural surroundings. The development aims to offer a high quality of life for its residents through thoughtful planning and design.

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Amazing Sunrise at the Esquimalt Lagoon Victoria BC

Amazing Sunrise at the Esquimalt Lagoon.

This beach is a local hotspot here in Victoria BC and never disappoints. There's a lot of great real estate for sale near the esquimalt lagoon too.

CLICK HERE for Homes for sale near the Esquimalt Lagoon 



Current News and Events at Esquimalt Lagoon

1. Beach Food Weekends One of the most popular ongoing events at Esquimalt Lagoon is the Beach Food Weekends. This event takes place every Friday and Saturday during the summer months, featuring food trucks at the Colwood Waterfront. Visitors can enjoy a variety of food options while relaxing by the beach and occasionally enjoying live music. It's a casual event that makes for a great family outing or a peaceful solo retreat​ (Esquimalt)​​ (Victoria's Best Places)​.

2. Environmental Initiatives Recent environmental efforts at Esquimalt Lagoon include ongoing conservation projects aimed at preserving the local wildlife and ecosystem. The Lagoon is a significant habitat for various bird species, and there have been initiatives to monitor and protect these populations, particularly as the region faces increasing environmental pressures​ (Victoria's Best Places)​

3. Community Activities The area is bustling with community activities and projects. For instance, there are regular community clean-ups to keep the beach and surrounding areas pristine. Additionally, there are educational programs that highlight the ecological importance of the Lagoon and offer guided nature walks​ (Esquimalt)​.

Esquimalt Lagoon is not only a notable natural feature in its own right, but it also provides access to several nearby beaches and coastal areas that offer scenic views, recreational opportunities, and ecological significance.

Here are some key beach lands near Esquimalt Lagoon:

1. Coburg Peninsula Location: Runs parallel to Esquimalt Lagoon, forming its sandspit. Features: This narrow strip of land separates the lagoon from the Strait of Juan de Fuca. It's a popular spot for walking, beachcombing, and bird watching. Activities: Great for leisurely walks, picnics, and observing wildlife, especially birds such as herons and bald eagles. Access: Accessible via Ocean Boulevard, which runs the length of the peninsula.

2. Esquimalt Lagoon Beach Location: Directly adjacent to Esquimalt Lagoon. Features: A sandy and pebbly beach offering stunning views of the Olympic Mountains and the Salish Sea. Activities: Ideal for beachcombing, bird watching, and relaxing by the water. The beach is also frequented by food trucks during the Beach Food Weekends in the summer. Access: Easily accessible from the nearby parking lots and Ocean Boulevard.

3. Witty's Lagoon Regional Park Location: Approximately 10 km southwest of Esquimalt Lagoon. Features: Features a large sandy beach, tidal lagoon, and waterfall (Sitting Lady Falls). Activities: Excellent for swimming, hiking, bird watching, and exploring tidal pools. Access: Accessed via Metchosin Road and Witty Beach Road. There are several trails leading to the beach, including a wheelchair-accessible trail.

4. Royal Roads Beach Location: Located within the grounds of Royal Roads University, near Hatley Castle. Features: Offers a more secluded beach experience with views of the lagoon and the university grounds. Activities: Ideal for a quiet walk, picnicking, and enjoying the serene environment. Access: Accessible through Royal Roads University; parking is available on campus.

5. Albert Head Lagoon Regional Park Location: About 6 km south of Esquimalt Lagoon. Features: A more rugged beach area with a mix of sandy and rocky shores, surrounded by forest. Activities: Popular for hiking, wildlife observation, and exploring the natural coastline. Access: Accessed via Metchosin Road and Delgada Road. Trails lead to the beach area.

6. Fort Rodd Hill and Fisgard Lighthouse Location: Northeast of Esquimalt Lagoon, about a 10-minute drive. Features: The beach area here is part of a national historic site with a picturesque lighthouse and fort ruins. Activities: Great for historical exploration, photography, and walking along the beach. Access: Accessible from the parking lot at Fort Rodd Hill National Historic Site.

7. Taylor Beach Location: Located in Metchosin, a short drive southwest of Esquimalt Lagoon. Features: A beautiful, relatively undeveloped beach with views of the Olympic Mountains. Activities: Popular for dog walking, swimming, and beachcombing. Access: Accessed via William Head Road. There is limited parking near the beach entrance.

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Ever wanted live near Thetis Lake View Royal BC?

Thetis Lake is a popular destination located in Thetis Lake Regional Park, near Victoria on Vancouver Island, British Columbia.

LaughingLooking for a 3 bed 3 bath townhome steps away from Thetis Lake? CLICK HERE to see 1923 West Park Lane



Here's some detailed information about Thetis Lake:

Real Estate for sale near Thetis Lake - CLICK HERE

Location and Access
Location: Thetis Lake is situated within Thetis Lake Regional Park, which is about 12 kilometers (approximately 7.5 miles) northwest of downtown Victoria, BC.
Access: The lake can be accessed via several entrances, with the main one being off Six Mile Road in View Royal. The park is easily accessible by car, and there are parking facilities available.
Features and Amenities
Lakes: The park is home to two main lakes: Lower Thetis Lake and Upper Thetis Lake. Both lakes are popular for their clear waters and scenic beauty.
Trails: Thetis Lake Regional Park features a network of trails suitable for hiking, running, and mountain biking. The main trail around Lower Thetis Lake is about 4.9 kilometers (3 miles) long and offers a relatively easy hike with beautiful views.
Swimming: Thetis Lake is a popular swimming destination, especially during the summer months. There are sandy beaches and designated swimming areas that are safe and family-friendly.
Picnicking: The park has several picnic areas equipped with tables and benches, making it a great spot for a family outing or a leisurely day by the lake.
Fishing: Fishing is allowed in Thetis Lake, with common catches including bass and trout. A valid fishing license is required.
Boating: Non-motorized boats like canoes, kayaks, and paddleboards are allowed on the lake. There are no rental facilities, so visitors need to bring their own equipment.
Ecology and Environment
Wildlife: Thetis Lake and the surrounding park area are home to diverse wildlife, including various bird species, deer, and small mammals. The lakes themselves are known for their fish populations and aquatic plants.
Flora: The area around Thetis Lake is characterized by a mix of Douglas fir and Garry oak ecosystems, with a variety of plant species that change with the seasons, offering vibrant foliage in the fall and lush greenery in the spring and summer.
Conservation: Thetis Lake Regional Park is a protected area, and efforts are made to preserve its natural beauty and ecological integrity. Visitors are encouraged to follow Leave No Trace principles to minimize their impact on the environment.
Historical and Cultural Significance
History: The park was established in 1958 and is named after Thetis, a figure from Greek mythology. Thetis Lake has been a popular recreational spot for locals and visitors for decades.
Cultural Events: The park occasionally hosts community events, such as guided nature walks and educational programs focused on the local environment and history.
Visitor Tips
Best Time to Visit: The summer months (June to September) are ideal for swimming and outdoor activities, while spring and fall offer milder weather and fewer crowds.
Safety: Visitors should be mindful of the natural surroundings, including the presence of wildlife. It's important to stick to designated trails and swimming areas and to be cautious around the water, as there are no lifeguards on duty.
Facilities: Restrooms and changing facilities are available near the main beach areas. There are also garbage bins and recycling stations to help keep the park clean.
Local Attractions
Victoria: The nearby city of Victoria offers a range of attractions, including historic sites, gardens, museums, and a vibrant waterfront.
Other Parks: Vancouver Island is home to numerous other parks and natural attractions, such as Goldstream Provincial Park, known for its stunning waterfalls and salmon runs, and Juan de Fuca Provincial Park, which offers rugged coastal scenery and hiking trails.
Thetis Lake is a beautiful and versatile destination for nature lovers, outdoor enthusiasts, and anyone looking to enjoy the tranquility and natural beauty of Vancouver Island.

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Nov 1 2023 Market Stats

Interest rates a large factor in Victoria real estate market

November 1, 2023  A total of 407 properties sold in the Victoria Real Estate Board region this October, 15.2 per cent fewer than the 480 properties sold in October 2022 and a 17.4 per cent decrease from September 2023. Sales of condominiums were down 7.2 per cent from October 2022 with 141 units sold. Sales of single family homes decreased 16.1 per cent from October 2022 with 193 sold.

"Overall, property sales drifted down in October compared to the previous month, likely due to consumers continuing to navigate interest rates higher than those seen in nearly two decades," said Victoria Real Estate Board Chair Graden Sol. "The uncertainty around the direction of the Bank of Canada rate announcement in mid-October may have caused some buyers to push their purchasing plans into the future because it was unclear if rates were going to be hiked again or remain stable. Generally speaking, when we have periods of static interest rates, consumer confidence returns to the market. We can recall earlier in the year when rates plateaued; we saw an uptick in sales in the weeks after. However, when rates began to rise again, we saw consumer confidence falter."

There were 2,756 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of October 2023, an increase of 2.1 per cent compared to the previous month of September and a 25.7 per cent increase from the 2,192 active listings for sale at the end of October 2022.

"The good news in October was that we continued to see a slow and steady increase in the number of available properties for sale," adds Sol. "This additional inventory is positive for buyers who will have more selection than they've experienced in recent years. The real estate market tends to slow down in late fall and winter, but there are still a good number of active buyers. If you're thinking about making a move during the colder months, reach out to your local REALTOR® to plan your strategy."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in October 2022 was $1,257,100. The benchmark value for the same home in October 2023 increased by 3.9 per cent to $1,305,900, which is down from September's value of $1,312,200. The MLS® HPI benchmark value for a condominium in the Victoria Core area in October 2022 was $575,300, while the benchmark value for the same condominium in October 2023 increased by 1.8 per cent to $585,600, which is down from the September value of $589,600.
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Troys Tips, Fall maintenance tips and more...

Troys Tips...

Here are some fall maintenance tips to ensure your home stay safe and cozy this cold season:

Gutter Cleaning: Clear leaves and debris from your gutters and downspouts to ensure proper drainage. Clogged gutters can lead to water damage and ice dams in colder months.

Heating System Check: Have your heating system serviced by a professional to ensure it's working efficiently. Replace filters and consider a programmable thermostat for energy savings.

Window and Door Inspections: Examine windows and doors for drafts. Replace weatherstripping and caulk any gaps to improve energy efficiency and keep your home warm.

Fireplace Maintenance: If you have a fireplace, have it cleaned and inspected before using it. Ensure your chimney is clear of debris and nests.

Outdoor Faucet and Hose Winterization: Drain and disconnect hoses, and shut off outdoor faucets to prevent freezing and pipe damage.

Test Smoke and Carbon Monoxide Detectors: Check the batteries in your smoke and carbon monoxide detectors, and replace them if needed. Safety is paramount.

A 47-year mortgage? They're out there — and even longer ones could be coming
Canada's top banking regulator will soon implement new guidelines for the mortgage market, aimed at reducing the risks posed by negative amortization mortgages — home loans where the payment terms have ballooned by years and sometimes decades because payments are no longer enough to pay down the loan on the original terms.
https://www.cbc.ca/news/business/mortgage-negative-amortization-1.6986214

Troys Top 6 ways to find the deals in todays market...

Look for and make lower bids and find quality pre-sale assignments completing soon. Some early presale purchasers are walking from $50,000, or more of their deposits, because they can’t/won’t close. Here's a list of presale opportunities.

Don’t get hung up on the “multiple offers”. For every multiple offer there are 7 to 9 houses unsold for months!

Watch for ‘low pricing’ to draw you in. Value is $1.8 million, listed at $1.5 million to get a ‘multiple offers’ scenario going. It still works in the hands of an experienced broker, but it works less frequently as more and more buyers are now very in-tune to the current market.

Price drops will be more common so get on the autolist to keep your finger on the pulse of the market.

Get pre-approved with a quality mortgage broker. If you don't know of one, let me know and I'll send you a few recommendations.

Take note of this: Banks are more nervouse than you! Learn about your current mortgage, read the small print. Most are easily ported to a new purchased. Mortgages may also be transferable to a buyer (they must qualify) This could be a great way/option to close a deal on your property so you can move on to the next.

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Attn: 1st time home buyers & investors...106-1009 McKenzie Ave.

First time buyer special with a quick possession available, this freshly painted, 1 bed and den unit has an updated kitchen, bathroom, and lovely layout. Facing N.E. with glimpses of Mount Douglas, you will love the covered patio overlooking an enormous tranquil greenspace and trees. The building features a billiards room, ping-pong, pool, sauna, whirlpool, tennis court, hobby room, library, 2 lounges. This unit also features a separate storage locker on the same floor. Royal Woods is a unique condo community, with lots of parking, mature trees, and a very central location. Bus route nearby. Grocery stores, bank, dairy queen all nearby! Easy to view. More info? #talktotroy 250.883.7676 #troysdeals https://sites.listvt.com/1009mckenzieavenue


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INVESTOR ALERT! Sequoia Gardens - Marigold Only $10k down!
Welcome to the Sequoia Residences at the Marigold Lands! You can secure your unit today with a one-time $10,000 deposit. 
—————————————————————————
Money Mouth 50 Luxury Condos
Money Mouth 15 Townhouses
Money Mouth 1,2 & 3 bedrooms
Money Mouth High ceilings
Money Mouth Air conditioning
Money Mouth Ocean views
Money Mouth Communal Landscaped Rooftop
Money Mouth EV charging
Money MouthInterior finishing by award winning firm Kimberly Williams Interiors!
 
More info? #talktotroy #troysdeals 250.883.7676
 
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INVESTOR ALERT!!

Only 2.5% down payment need to secure a PreSale Unit at the Grand and Fir in View RoyalSee Video below...

Now Selling!! The Grand and Fir! Nature’s next-door neighbor! View Royals newest condo building offers a variety of Jr. 1 bed, 1 bed, 2 bed, & 3-bedroom units starting as low as $399,900 with 40% of the units under 500k and 70% under 600k, there are endless options for all budgets. Portage Park and seconds from Thetis Cove Waterfront, this building is positioned perfectly blending serene greenery with urban convenience. Two modern color schemes are available with KitchenAid black stainless steel luxury appliances. This eco-friendly building includes heat pumps, nest thermostat with climate control, smart lighting, EV charging capabilities in each parking stall, plus onsite kayaks, e-bikes, & paddle boards for enjoying the surrounding areas to the fullest. Estimated occupancy December 2025-April 2026 with deposits as low as 2.5%!


CLICK HERE to view all the Grand and Fir Listings on the MLS.

More info? #talktotroy #troysdeals 250.883.7676

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Oct. 1 2023 Market Update...

Victoria real estate market needs better mix of housing supply to help restore balance

September 1, 2023  A total of 544 properties sold in the Victoria Real Estate Board region this August, 13.8 per cent more than the 478 properties sold in August 2022 and an 8.6 per cent decrease from July 2023. Sales of condominiums were up 10.8 per cent from August 2022 with 164 units sold. Sales of single family homes increased 9.6 per cent from August 2022 with 273 sold.

"Real estate activity this month reflected what we'd expect to see in an average late summer housing market," said Victoria Real Estate Board Chair Graden Sol. "The beginning of the month was reasonably slow, and sales ramped up through the last half of the month. The brisk sales pace leading up to the end of August may very well continue into September."

There were 2,490 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of August 2023, an increase of 2.9 per cent compared to the previous month of July and a 16.5 per cent increase from the 2,137 active listings for sale at the end of August 2022.

"The focus in our market and by all levels of government needs to be on opening up more supply," Sol notes. "Our inventory levels, though up from last year, are still too low to support a well-balanced market. A decade ago, we saw over 5,000 active listings in August. Another important piece of supply is the housing mix that is available. Most residential properties for sale in our market last month were single family homes - this type of property is generally at the top price point. Missing middle homes, such as townhomes and condos represented only 37.1% of listings for sale. Townhomes, which in my experience are what a lot of families hope to purchase, represented only 9.8% of the residential properties for sale. This imbalance in the mix of housing options means there is the potential for more price pressure on these types of properties because demand is concentrated at more attainable price points."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in August 2022 was $1,327,700. The benchmark value for the same home in August 2023 decreased by 0.3 per cent to $1,323,900, which is up from July's value of $1,318,800. The MLS® HPI benchmark value for a condominium in the Victoria Core area in August 2022 was $583,700, while the benchmark value for the same condominium in August 2023 decreased by 0.3 per cent to $582,000, which is up from the July value of $578,000.

About the Victoria Real Estate Board - Founded in 1921, the Victoria Real Estate Board is a key player in the development of standards and innovative programs to enhance the professionalism of REALTORS®. The Victoria Real Estate Board represents 1,649 local Realtors. If you are thinking about buying or selling a home, connect with your local Realtor for detailed information on the Victoria and area housing market.
 
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CURRENT STATISTICS

Victoria real estate market needs better mix of housing supply to help restore balance

September 1, 2023  A total of 544 properties sold in the Victoria Real Estate Board region this August, 13.8 per cent more than the 478 properties sold in August 2022 and an 8.6 per cent decrease from July 2023. Sales of condominiums were up 10.8 per cent from August 2022 with 164 units sold. Sales of single family homes increased 9.6 per cent from August 2022 with 273 sold.

"Real estate activity this month reflected what we'd expect to see in an average late summer housing market," said Victoria Real Estate Board Chair Graden Sol. "The beginning of the month was reasonably slow, and sales ramped up through the last half of the month. The brisk sales pace leading up to the end of August may very well continue into September."

There were 2,490 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of August 2023, an increase of 2.9 per cent compared to the previous month of July and a 16.5 per cent increase from the 2,137 active listings for sale at the end of August 2022.

"The focus in our market and by all levels of government needs to be on opening up more supply," Sol notes. "Our inventory levels, though up from last year, are still too low to support a well-balanced market. A decade ago, we saw over 5,000 active listings in August. Another important piece of supply is the housing mix that is available. Most residential properties for sale in our market last month were single family homes - this type of property is generally at the top price point. Missing middle homes, such as townhomes and condos represented only 37.1% of listings for sale. Townhomes, which in my experience are what a lot of families hope to purchase, represented only 9.8% of the residential properties for sale. This imbalance in the mix of housing options means there is the potential for more price pressure on these types of properties because demand is concentrated at more attainable price points."
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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.