Thank you to my wonderful Friends and Clients who made this possible, Rosemarie

It was a very busy month with over 900 sales in Victoria in May. We have not seen a May like that since 2007 when there was 963 sales. The question is: "How long will it last?" Low interest rates are to continue for the foreseeable future. May revealed strong employment numbers for Canada, and in particular BC, with many of them being full-time jobs. The population in Greater Victoria has been increasing year-over-year. More people, more jobs and low interests rates are good indicators of a strong economy leading to continued demand for housing.

Click here for the latest CMHC Update:

http://bit.ly/1B1AfVA

June 1, 2015, Victoria BC - The Victoria Real Estate Board today released its report on real estate activity in the Victoria area for May 2015. A total of 905 properties sold in the Victoria Real Estate Board region this May, a 26.8% increase compared to the 714 properties sold in the same month last year.

"May was another great month for local real estate. It’s been a very active month for sales and listings, and we continue to see consumer confidence in our market as people continue to purchase properties," Victoria Real Estate Board President Guy Crozier says. "Across our entire market, home values are up compared to this time last year. In high demand areas with less inventory available, we may see some pressure on pricing, but we also have areas in our market with great variety that offer more options in terms of property and price."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core this time last year was $570,500. The benchmark value for the same home this month has increased by 3.98% to $593,200.

There were 4,043 active listings for sale on the Multiple Listing Service® at the end of May, 13.5% fewer than the 4,672 active listings in May 2014.

"We’ve not seen this many sales in May since 2007 when we saw 963 properties sell in the month," adds President Crozier. "Despite the demand, prices remain competitive and there is great variety in what is available. For detailed information on the Victoria and area housing market, connect with your local REALTOR®."

More info: http://www.vreb.org/current-statistics

2636 Victor Street, Oaklands, Victoria

3 Bed, 1 Bath Single Family Home

Listed at $429,000

SNEAK PEEK OPEN HOUSE 5-7PM TODAY, MAY 21ST! This quaint 3 bedroom rancher, built in 1949, is on the market for the first time since 1957! Situated in the pretty treeline section of Victor St. north of Haultain this sweet home is located in the heart of Oaklands! A perfect starter or retiree home! Features include:  landscaped yards; newer front deck with low-rise stairs, ramp entrance in the back that leads to a large sunroom connecting to the kitchen; electric heat including fireplace insert, large double windows bringing in lots of light; newer appliances & hot water tank;  separate garage/workshop/storage building; 2 car driveway, 2011 roof, & hardwood under w/w carpet. You can walk or bike from this peaceful place to Haultain village, Hillside Mall, many parks, tennis courts, schools, & daycare center! 

More info: http://rosiesays.ca/mylistings.html/details-48485453

The Royal LePage Coast Capital Realty Oak Bay office is moving down into the Oak Bay Village today! Our new address is:

                                                             208-2187 Oak Bay Ave

                                                                    Victoria, BC

                                                                       V8R 1G1

We are now located on the upper level above the Fairway market in the Athlone Court. It’s great to be right down in the village. Our phone numbers and emails are the same. No change there!

Even though our licences are held at the Oak Bay office it is important to know that we still work from all four offices of Royal LePage Coast Capital Realty  to serve you better: Saanich East at Chatterton Way; The West Shore and Sooke as well as Oak Bay.

Have a wonderful and safe holiday weekend,

Rosemarie and Tom

#104-1485 Garnet Road

Listed at $148,500

YOUR BEST NEXT MOVE! #104 is one of the quietest, brightest, loveliest suites w/ east views over green fields & arbutus trees. At ground level; there's an easy access patio perfect for small dog owners & patio gardeners. Rosebank offers an extraordinary style of independent/community retirement living. The owners own the WHOLE thing: their suite + the building, its facilities & services! These residents love their home! Fees cover daily chef cooked meal, weekly housekeeping, 24 hour staffing, & all bldg. maintenance. Facilities include large common/dining room, laundry room on every floor & guest suite. Tucked into a quiet, gardened, urban oasis you can walk to the public library, groceries, & University Mall.

More info: http://rosiesays.ca/mylistings.html/details-48265608

Click here: 

http://www.propermeasure.com/?q=immersive-3d/7-3650-citadel-place

May 1, 2015, Victoria BC - The Victoria Real Estate Board today released its report on real estate activity in the Victoria area for April 2015. A total of 840 properties sold in the Victoria region this April, a 26.5% increase compared to the 664 properties sold in the same month last year.

"We've seen modest sales increases in the area for the past two years, which we've attributed to a growing consumer confidence in the market," Victoria Real Estate Board President Guy Crozier says. "The past three months have been exceptional, and I think have surprised most people watching the market; I certainly haven't seen forecasts even close to the numbers we see today. It's possible that consumers who were hesitant to make a move or purchase their first house during the recent economic downturn may have waited to see conditions like we see now - the favourable interest rates, good selection of prices and properties, and increased confidence in the local economy."

There were 3,945 active listings for sale on the Multiple Listing Service® at the end of April, 10.4% fewer than the 4,404 active listings in April 2014.

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core this time last year was $562,000. The benchmark value for the same home this month has increased by 3.5% to $581,700.

"The last time we saw this many transactions in an April was in 2007 when we saw 898 sales," President Crozier adds. "The market is good, but prices aren't crazy - despite the activity levels, values in our local market are still recovering from the peaks we saw in 2008 and 2010. Depending on the area, single family property values are as much as nine percent below the 2010 values. It is a great time to buy or sell property in our area."

More info: http://www.vreb.org/current-statistics

#310-1975 Lee Avenue

Listed at $165,000

MLS#349393

More info: http://rosiesays.ca/mylistings.html/details-47275798

#306-873 Esquimalt Road

Listed at $329,000

MLS#350436

More info: http://rosiesays.ca/mylistings.html/details-47886468