Real estate

Paula Wensley and her son are new to Sooke, but Paula’s no stranger to southern Vancouver Island. She offers personalized service to all her real estate clients. (Photo: Vintage Chic Portrait)

Don’t be a stranger! Sooke real estate agent won’t shy away from your questions

She’s new to Sooke, but well acquainted with the Vancouver Island real estate market

  • Sep 21, 2020
Paula Wensley and her son are new to Sooke, but Paula’s no stranger to southern Vancouver Island. She offers personalized service to all her real estate clients. (Photo: Vintage Chic Portrait)
A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. The Canadian Real Estate Association says home sales in August climbed 6.2 per cent compared with July to hit an all-time monthly record with gains led by the Greater Toronto Area and B.C.’s Lower Mainland. THE CANADIAN PRESS Jonathan Hayward

CREA reports Canadian home sales climb again, set record for August

Compared with a year ago, sales in August were up 33.5 per cent

A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. The Canadian Real Estate Association says home sales in August climbed 6.2 per cent compared with July to hit an all-time monthly record with gains led by the Greater Toronto Area and B.C.’s Lower Mainland. THE CANADIAN PRESS Jonathan Hayward
Real estate sales in the Victoria Real Estate Board (VREB) area hit a new record for August (Black Press Media File)

Real estate sales across southern Vancouver Island hit new record in August

Average detached house price in Greater Victoria above $1 million

Real estate sales in the Victoria Real Estate Board (VREB) area hit a new record for August (Black Press Media File)
Canadian Real Estate Association says July marked a record high for home sales

Canadian Real Estate Association says July marked a record high for home sales

CREA says the actual national average price for homes sold in July was a record $571,500

Canadian Real Estate Association says July marked a record high for home sales
(The Canadian Press)

CMHC reports annual pace of housing starts climbed nearly 16% in July

Economists on average had expected an annual rate of 210,000

(The Canadian Press)
The Greater Victoria real estate market this summer is showing major sales increases over last year, especially in the area of single family homes. But inventory remains low, says the president of the Victoria Real Estate Board. (File photo)

Greater Victoria real estate sales numbers tell two stories for July

Real estate board president Sandi-Jo Ayers talks about pent-up spring demand, low inventory

The Greater Victoria real estate market this summer is showing major sales increases over last year, especially in the area of single family homes. But inventory remains low, says the president of the Victoria Real Estate Board. (File photo)
The Capital Regional District recently wound up the sale of this warehouse building on Viewfield Road, one of two side by side that were purchased in 2013 as possible sites to locate the wastewater treatment project’s biosolids processing facility. Profit made from the sale of the two buildings is roughly $3.7 million, to be distributed back to the participating municipalities. (Don Descoteau/Black Press Media)

Regional district’s Esquimalt land sale means $3.7M back to municipalities

Viewfield Road sites make a profit, seven years after controversial purchase for sewage project

The Capital Regional District recently wound up the sale of this warehouse building on Viewfield Road, one of two side by side that were purchased in 2013 as possible sites to locate the wastewater treatment project’s biosolids processing facility. Profit made from the sale of the two buildings is roughly $3.7 million, to be distributed back to the participating municipalities. (Don Descoteau/Black Press Media)
Bank of Canada economist says the current economic recovery could be different than the recovery from the financial crisis of 2008. Bank of Canada Governor Tiff Macklem holds a news conference, in Ottawa, Wednesday, July 15, 2020. THE CANADIAN PRESS/Adrian Wyld

Mortgage defaults after COVID-19 could look different than 2008, says economist

Deferrals were key to helping people keep their homes, economists say

Bank of Canada economist says the current economic recovery could be different than the recovery from the financial crisis of 2008. Bank of Canada Governor Tiff Macklem holds a news conference, in Ottawa, Wednesday, July 15, 2020. THE CANADIAN PRESS/Adrian Wyld
The median price of a one-bedroom apartment in Victoria is $1,600 per month, according to PadMapper. (Black Press Media File Photo)

Victoria’s median asking rent for one-bedroom hits $1,600

Rent prices up 15 per cent since 2019: PadMapper

The median price of a one-bedroom apartment in Victoria is $1,600 per month, according to PadMapper. (Black Press Media File Photo)
A new home is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Open houses resume, but the home-buying pastime has drastically changed

The situation is all the trickier when landlords look to show properties occupied by tenants

A new home is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick
PHOTOS: Inside a newly-listed $22M mega-mansion on ALR land in B.C.

PHOTOS: Inside a newly-listed $22M mega-mansion on ALR land in B.C.

The large home, located on ALR land, is one of the last new mansions to legally be built on ALR land

PHOTOS: Inside a newly-listed $22M mega-mansion on ALR land in B.C.
The Priestley family has put their resort at Ucluelet’s tranquil Terrace Beach on the market. (Nora O’Malley photo)

Beverly Hills 90210 star’s family selling Vancouver Island Beach Resort

You can own Jason Priestley’s Terrace Beach Resort in Ucluelet for less than $5 million

The Priestley family has put their resort at Ucluelet’s tranquil Terrace Beach on the market. (Nora O’Malley photo)
(The Canadian Press)

CMHC reports annual pace of housing starts in Canada increased in June

Rural starts were estimated at a seasonally adjusted annual rate of 15,006 units

(The Canadian Press)
Greater Victoria has seen overall growth in the housing market, with a slight bump in single-family homes and a drop in condominium sales in June. (Nina Grossman/News Staff)
Greater Victoria has seen overall growth in the housing market, with a slight bump in single-family homes and a drop in condominium sales in June. (Nina Grossman/News Staff)
FILE – A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS/Jonathan Hayward

B.C.’s real estate market shows ‘encouraging signs of recovery’ in May: association

Real estate listings, sales still down in B.C. as COVID recovery begins

FILE – A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS/Jonathan Hayward
Black people make up 3.5 per cent of Canada’s population and 5.2 per cent of CMHC employees (The Canadian Press)

CMHC re-assessing policies through a racialized lens to eliminate discrimination

Black people make up 3.5 per cent of Canada’s population and 5.2 per cent of CMHC employees

Black people make up 3.5 per cent of Canada’s population and 5.2 per cent of CMHC employees (The Canadian Press)
Sales in the region represented by VREB rose 59.2 per cent in May 2020 compared to April 2020 after dropping significantly following the imposition of COVID-19 related restrictions. (Black Press Media file photo)

Real estate sales in Greater Victoria recover in May

Recovery came after big drop off in April, but recovery likely to be slow

Sales in the region represented by VREB rose 59.2 per cent in May 2020 compared to April 2020 after dropping significantly following the imposition of COVID-19 related restrictions. (Black Press Media file photo)
Victoria’s Capital Iron land sold to Vancouver developer
Victoria’s Capital Iron land sold to Vancouver developer
Real estate for sale signs are shown in Oakville, Ont. on Saturday, Dec.1, 2018. THE CANADIAN PRESS/Richard Buchan

CMHC sees declines in home prices, sales, starts that will linger to end of 2022

CMHC said average housing prices could fall anywhere from nine to 18 per cent in its forecast

Real estate for sale signs are shown in Oakville, Ont. on Saturday, Dec.1, 2018. THE CANADIAN PRESS/Richard Buchan
The Crossing at Belmont sold to Killam Apartment REIT, one of Canada’s largest publicly traded real estate companies. (Courtesy Beattie Tartan)

Ledcor sells Crossing at Belmont to company specializing in multi-family residential properties

Killam Apartment REIT, is one of Canada’s largest publicly traded real estate companies

The Crossing at Belmont sold to Killam Apartment REIT, one of Canada’s largest publicly traded real estate companies. (Courtesy Beattie Tartan)