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135 Victoria real estate articles · all BC
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1.45 acres industrial building sells for $20 Million located in Cloverdale Avenue in Saanich
Western Investor · 17 Mar 2022 · Andrew Duffy
Saanich has identified the area surrounding the site as its municipal core
11.34 acres in industrial zone of Saanichton, B.C. sells for $36.27 Million
Western Investor · 04 Mar 2022 · William Wright Commercial
Class B storage sites cover a total of 77,500 square feet on a combined 11.34 acres in industrial zone of Saanichton, B.C. and the recreational area of Mill Bay, B.C.
2.12 acres multi-family in Victoria sells for $25.75 Million
Western Investor · 11 Feb 2022 · Western Investor Staff
The two properties have a total of 92 rental apartments in prime rental locations within Greater Victoria.
Victoria property held up by a tenant who made “frivolous” allegations to get rent-free time
Western Investor · 09 Feb 2022 · Andrew Duffy
Landlord claims the sale of Victoria property held up by a tenant who made "frivolous" allegations to get rent-free time
0.34 acres office building sells for $10.1 Million located in Yates Street, Victoria
Western Investor · 04 Feb 2022 · Colliers Canada
Leased to government tenants, the 29,363-square-foot building on 0.34 acres in downtown Victoria sold for $10.1 million.
Victoria survey online for 2022 budget engagement 41% identified as renters
The Vancouver Sun · 12 Jan 2022 · Roxanne Egan-Elliott
"If there was a mechanism for rents to more accurately reflect our costs specific to the property taxes, in terms of rent increases, etc., I think that would be a conversation worth having," he said.
B.C. home sales began to normalize amidst pandemic
The Vancouver Sun · 29 Dec 2021 · Douglas Todd
The Kamloops and District Real Estate Association and the Association of Interior Realtors recorded a nearly 29 per cent increase in residential prices, while in the Lower Mainland, Chilliwack and the Fraser Valley saw average home prices go up to $697,250 and…
A stronger-than-ever e-commerce market, demand for space will likely accelerate through 2022
Western Investor · 09 Dec 2021 · Josh Gaglardi
The Interior and Vancouver Island can be part of the solution. Within the pandemic and post-pandemic "new normal", more people will be relocating from the Lower Mainland to other communities in the province. Our transition to remote work, and newfound apprecia…
Numbers of residential apartments sold in B.C wiped out its records during the first half of 2021
The Vancouver Sun · 01 Nov 2021 · Joanne Lee-Young
"Investing in rental apartments in B.C. is probably one of the lowest risk profiles of any asset class right now." Toronto-based Starlight Investments bought two separate portfolios of multi-family apartments, in Vancouver and West Vancouver, and Victoria and …
Canadians hoping to enter the housing market to homeownership for qualified first-time buyers
other · 14 Oct 2021
It remains to be seen whether proposed tweaks can revive the much-maligned federal program On paper, it seemed a welcome break for Canadians hoping to enter the housing market: a federal incentive program aimed at reducing the monthly mortgage burden and easin…
Canadian housing market boost price compared last year amidst pandemic
Livabl · 11 Aug 2021 · Michelle McNally
"When the pandemic began in 2020, the market became unchartered territory. But because of low inventory and high demand from buyers looking for a larger space, prices have steadily climbed for the past year, particularly detached homes," said Rushton. "Over th…
Housing supply crisis in Canada issue needs to be address immediately
The Vancouver Sun · 21 Jul 2021 · Darlene Hyde
A major reason for the surge in demand is historically low interest rates. Adding to this, the COVID-19 remote-work structure has turned homes into a catch-all of offices, schools, gyms and living spaces; the desire and ability to move from the city to the sub…
Metchosin homes sets new record as the highest selling price in Victoria
Western Investor · 22 Jun 2021 · Carla Wilson
"Victoria's luxury real estate market has experienced a surge in interest and activity in recent months," said Logan Wilson with Sotheby's, who represented the seller of the Metchosin home. "The diversity of interest we saw in this property reflects the fact t…
Securing Land boundary for better future where your piece of paradise begins and ends
Western Investor · 18 Jun 2021 · Freddy Marks
In British Columbia we have seven land title districts, respectively known as the Kamloops, Nelson, New Westminster, Prince George, Prince Rupert, Vancouver and Victoria Land Title District, with their respective district boundaries as defined in BC's Land Tit…
2 largest shopping centre in Victoria bought by immigrants from China
Western Investor · 08 Jun 2021 · Carla Wilson
"Because this community has accepted me with open arms, I am committed to continuing to work with local leaders to build the communities that we have invested in so that, together, we can make them the very best places that they can be."
Retail strata units sells for $2.99 Million located at Yates Street, Victoria
Western Investor · 08 Apr 2021 · William Wright Commercial
Adjacent units are on the ground level of the new Verve condominium project on Yates Street near Victoria's downtown.
Canadian retailers experience biggest decline since 2009 recession - Statistics Canada
Western Investor · 30 Mar 2021 · Frank O'Brien 
Vancouver Island posted the largest retail asset sale in the second half of 2020, with the Woodgrove Centre in Nanaimo transacting to a new, private investor who immigrated from China, for $99.9 million.
Two male real estate agents terminated effective immediately after allegations of sexual assault
The Province · 26 Mar 2021 · Louise Dickson
The Agency Victoria, a luxury real estate brokerage and lifestyle company, responded to the allegations on its own Instagram account, saying it had terminated its relationship with the agents, effective immediately.
Canadian home price continue to increase 0.5 percent in February
Livabl · 17 Mar 2021 · Sean MacKay
Other local markets that saw monthly gains in February were Montreal, Victoria, Calgary and Toronto, with each market recording a modest increase between 0.4 percent and 0.5 percent. Meanwhile, Winnipeg's local index was flat, while Edmonton and Ottawa-Gatinea…
U.S FBI agents joined investigation the 13-year-old homicide of Victoria Real Estate Agent Lindsay Buziak
Western Investor · 03 Feb 2021 · Cindy E. Harnett
Lindsay Buziak, 24 at the time, was fatally stabbed on February 2, 2008, after being lured to a supposed showing of an upscale property at 1702 De Sousa Pl. in the Gordon Head area of Saanich
Increase in sales of a single-family home market in Greater Victoria, VREB
Western Investor · 02 Feb 2021 · Andrew Duffy
Victoria now has the third-highest home prices in Canada, behind only Vancouver and Toronto.
B.C. speculation tax and vacancy tax has not met goals of reduce urban home prices
Western Investor · 12 Jan 2021 · Andrew Duffy & Wl Staff
Edge also pointed out ­housing prices are not moderating, but have been increasing, and the average price of a single-detached home in the Victoria region last month was $992,202 up from $899,782 in December 2019.
Increase crime is one of the retailers struggle during the pandemic
Western Investor · 08 Dec 2020 · Frank O’Brien
A new study on main streets in B.C. and Ontario released December 7 by Vancity shows that rising crime has become a characteristic for B.C. downtown retailers struggling through the pandemic, where it is the No. 1 concern in Victoria and East Vancouver.…
Toronto housing market shows no sign of slowing
Mortgage Broker News · 06 Oct 2020 · Ephraim Vecina
Other standouts in apartment price growth were Hamilton-Burlington (up 74% to $471,100), Guelph (up 73% to $379,000), and Victoria, British Columbia (up 65% to $504,900). In terms of single-family housing prices, Niagara Region once again had the highest five-…
Marriott suffered the worst market decline in 2020
Western Investor · 23 Sep 2020 · WI Staff
This January, Marriott broke ground on a 172-room hotel next to the Vancouver Island Conference Centre in Nanaimo, B.C. At the pre-pandemic start of 2020, the combined value of stocks of the Washington, D.C.-based corporation stood at $49.51 billion (all figur…
Offices and warehouse soon to rise in Seaspan Victoria Shipyards projected price $26 million, Vancouver
Western Investor · 11 Sep 2020 · Carla Wilson
The 81,500-square-foot space would allow Seaspan Victoria Shipyards to amalgamate its supply-chain operations on one site. The plan was presented to Colwood City Hall in early September and appears to have support from the mayor.
Multi-family rentals with 12 units captures $312,500 per door, Victoria
Western Investor · 20 Aug 2020 · Colliers International/Victoriz
The rental-apartment building is on Cook Street close to Victoria's downtown and attracted multiple bids to sell at full asking price.
Telling Tale of Two Hotel Sales in Victoria, an Award-winning Waterfront Property.
Western Investor · 06 Jul 2020
Sooke Harbour House made a name for itself internationally after Frederique and Sinclair Philip purchased the property in 1979. Their focus on locally grown food and seafood and a top-notch wine cellar earned them honours inside Canada and beyond. It has hoste…
Re/Max broker Whitney Garside explains how agents are dealing with pandemic restrictions
Western Investor · 19 May 2020
As a Victoria native who has worked for more than 10 years as a real estate agent, I feel confident that with people working together and following safety measures, the real estate market will survive and thrive again.
Province pays $18.5 million to buy hotel for homeless
Western Investor · 15 May 2020
The B.C. government has bought the Comfort Inn and Suites in Victoria for $18.5 million to provide temporary shelter for 65 people living in homeless camps
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