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Victoria's housing market, home prices and values


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#4941 dasmo

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Posted 31 March 2023 - 08:38 AM

Reachable amenities like the family doctor I have not had in almost 8 years? 

No.... You don't get to decide what you need. Plus once the Digital ID kicks in you will need to get those other 4 boosters before you can access that service let alone leave your human settlement sector.... 


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#4942 dasmo

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Posted 31 March 2023 - 08:45 AM

What do these things all have to do with each other you ask? They hide it in plain sight....They have plans for us cattle.... 

 

"The COVID-19 pandemic does not signify the end of cities: transition to resilient and sustainable urban futures." 

https://unhabitat.or...es_wcr_2022.pdf

 

 

Localizing the New Urban Agenda and SDG 11 is the most promising pathway to the optimistic scenario of urban futures: The global impacts and disruption triggered by the coronavirus pandemic, much of which played out in urban areas, have simply added a sense of urgency and the demand for a change to some of the unsustainable practices in the journey towards more sustainable urban futures. The path to sustainable urban futures will be determined by inclusive and transformative policies to eradicate poverty and inequality; produce urban economies that provide opportunities for all; generate greener investment for sustainable consumption and production patterns; set the framework for responsive urban and territorial planning; implement collaborative and integrated systems of urban governance; prioritize public health; deploy inclusive innovation and technology; and build resilience, which enables cities to respond to and withstand a wide range of shocks. The localization and effective implementation of the New Urban Agenda serves as a framework for integrating the interrelated components that constitute these pathways


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#4943 dasmo

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Posted 31 March 2023 - 08:47 AM

The Davos club has got ideas for how we will all have to live...Authoritarianism with inclusive language. Like the cultural revolution!

 

"One of the biggest urban ideas to emerge from the pandemic is the idea of the 15-minute city or 15-minute neighbourhood. Developed by French urbanist Carlos Moreno, 15-minute city refers to a place where all the necessities of daily life – shops, schools, workplaces, doctor’s offices, parks, libraries, restaurants and other amenities – are located in a short 15-minute walk or bike ride from home. In this way, each neighbourhood becomes an ‘isochrone’, an area that can be explored within a given time, giving all residents access to their needs a convenient walk away."

 

https://www.weforum....ty-falls-short/



#4944 dasmo

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Posted 31 March 2023 - 08:49 AM

These all sound great until you put on the doublespeack glasses. The UN was supposed to bring world peace. How is that going? Apply the same results to these goals and ask yourself....Who put this NGO in charge? 

 

https://sdgs.un.org/



#4945 Nparker

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Posted 31 March 2023 - 08:52 AM

doctor.png

What are "doctors' offices"? Something from our colonial past, perhaps?


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#4946 dasmo

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Posted 31 March 2023 - 08:55 AM

I prefer a Natural Path Doctor....  plus what if you don't like your assigned doctor? Look past the language. Don't envisage a 15 minute city centred around you. That isn't it. 


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#4947 Mike K.

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Posted 31 March 2023 - 09:50 AM

price-change.jpg

 

You don't usually see this.


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#4948 Victoria Watcher

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Posted 03 April 2023 - 10:53 AM

Up to four units to be allowed on single-family lots in B.C.

 

The provincial government says it will introduce legislation in the fall to bring in the change across British Columbia.
 
 
 
 
 
 
The province noted Monday that 100,000 people moved to B.C. in 2021, and another 150,000 people in 2022, the most in 60 years.

Edited by Victoria Watcher, 03 April 2023 - 10:55 AM.


#4949 Nparker

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Posted 03 April 2023 - 11:30 AM

Once again being touted as "affordable".  :whyme:



#4950 Barrrister

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Posted 03 April 2023 - 11:38 AM

Sounds like an election promise that is guaranteed to get developers money and support behind the NDP, The massively growing bureaucracy behind BC housing is also cheering. 


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#4951 Victoria Watcher

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Posted 04 April 2023 - 01:45 AM

When your client on your $11.5 million listing will not take your advice to spend at least $15,000 cleaning up a bit.

 

 

 

$11,500,000

 

 

1069 Beach Dr

 

Over 2.92 acres of waterfront beautifully adorned with stunning gardens, created by the family who founded Victoria's own Butchart Gardens. This magnificent 8,970 square foot stone manor offers spectacular ocean views throughout the principal rooms and master suite. Walk over 277 feet of waterfront with breathtaking views of San Juan Island and Mt. Baker. In this sought after Beach Drive neighborhood, you will fall in love with this prestigious 1912 home, which is nestled only steps away from the Victoria Golf Course.

 

 

 

 

 

 

https://www.realtor....y-south-oak-bay

 

 

 

 

 

 

 

 

 

 

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The house at 1069 Beach Drive was built for David Rogers, president of the Uplands Ltd. development firm. Uplands contractor, Peter McKechnie, built the house. He was obviously very enthused about this building as he took photos of the stages of its construction from 1912-1913. The photos are from the Oak Bay Archives (1994-049-001 through 1994-049-40). I've posted a few of them. What was amazing was that the building permit lists the estimated cost of the 12 room mansion as $1,500. This was considerably less than the estimated cost for many of the much smaller homes being proposed in the area that same year.

 

https://www.facebook...58455349180333/

 

 

 

 

927103_12.jpg

 

 

 

 

 

You get the feeling the last owner was "house rich, cash poor" as the house could use about $1m in renovations.


Edited by Victoria Watcher, 04 April 2023 - 01:54 AM.


#4952 Victoria Watcher

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Posted 04 April 2023 - 04:08 PM

When your client on your $11.5 million listing will not take your advice to spend at least $15,000 cleaning up a bit.

 

 

 

$11,500,000

 

 

1069 Beach Dr

 

Over 2.92 acres of waterfront beautifully adorned with stunning gardens, created by the family who founded Victoria's own Butchart Gardens. This magnificent 8,970 square foot stone manor offers spectacular ocean views throughout the principal rooms and master suite. Walk over 277 feet of waterfront with breathtaking views of San Juan Island and Mt. Baker. In this sought after Beach Drive neighborhood, you will fall in love with this prestigious 1912 home, which is nestled only steps away from the Victoria Golf Course.

 

 

 

 

 

 

https://www.realtor....y-south-oak-bay

 

 

 

The house at 1069 Beach Drive was built for David Rogers, president of the Uplands Ltd. development firm. Uplands contractor, Peter McKechnie, built the house. He was obviously very enthused about this building as he took photos of the stages of its construction from 1912-1913. The photos are from the Oak Bay Archives (1994-049-001 through 1994-049-40). I've posted a few of them. What was amazing was that the building permit lists the estimated cost of the 12 room mansion as $1,500. This was considerably less than the estimated cost for many of the much smaller homes being proposed in the area that same year.

 

https://www.facebook...58455349180333/

 

 

 

 

927103_12.jpg

 

 

 

 

 

You get the feeling the last owner was "house rich, cash poor" as the house could use about $1m in renovations.

 

 

 

 

 

 

 

 

 

Ancient Oak Bay house with weird kitchen selling for $11.5M as Victoria real estate rebounds

 

Home was built by the family that founded Butchart Gardens

 

https://www.vicnews....state-rebounds/


Edited by Victoria Watcher, 04 April 2023 - 04:09 PM.


#4953 spanky123

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Posted 04 April 2023 - 06:43 PM

^ Title is misleading. Property has been listed for sale, not sold at $11.5M.



#4954 Victoria Watcher

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Posted 06 April 2023 - 07:53 PM

$11,800,000

 

9750 West Saanich Rd

 

 

https://www.realtor....saanich-ardmore

 

Located just 30 minutes from Victoria, BC's beautiful Inner Harbour, Chateau de Lis is a delightful blend of fantasy & sophistication. An impressive 6-acre gated estate boasting: a stunning 9600 sf home, generous 6 car garage, guest cottage, gorgeous gardens, productive orchard, groomed lawns & pathed forest, all with extensive ocean waterfront. The impressive French Chateau-style home was designed, crafted & engineered to a very high standard with primary bedroom on the main & elevator to walk-out lower floor. Located near charming Sidney-by-the-Sea with easy access to ferries, marinas, golf courses, rec centers, restaurants, schools, hospitals, & Victoria’s international airport. This masterfully built “castle” with stunning old-world charm and practical new world convenience and elegance awaits you. Truly spectacular and meticulously cared for, this property is unique. The garden terrace greets the morning sun, and magnificent sun-filled water views from almost every room in the house embrace its setting. 

 

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928275_1.jpg


Edited by Victoria Watcher, 06 April 2023 - 07:56 PM.

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#4955 lanforod

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Posted 07 April 2023 - 08:53 AM

I’d choose that one over the oak bay one in a heartbeat.
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#4956 Victoria Watcher

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Posted 07 April 2023 - 08:56 AM

I’d choose that one over the oak bay one in a heartbeat.

 

Agree.  What's the big benefit of being in Oak Bay, when you have that much money?

 

It's not for the ease of walking to the Snug Pub.

 

This one is not far from Sidney, if you want a little (limited) nightlife.   Closer than the Oak Bay one is to the inner harbour.

 

screenshot-www.google.com-2023.04.07-12_58_11.png

 

Same scale:

 

screenshot-www.google.com-2023.04.07-12_57_51.png


Edited by Victoria Watcher, 07 April 2023 - 09:00 AM.


#4957 Barrrister

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Posted 07 April 2023 - 10:57 AM

Neither of those houses are very convenient if you want to stroll down Pandora.


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#4958 Citified.ca

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Posted 10 April 2023 - 10:31 AM

After five years, the camera turned the other way, and Ross Marshall interviewed me for Citified's Ten on the 10th Q&A segments.

 

We cover -a lot- of ground here, namely on the province's mandates, and how municipalities have to confront them. But of course, that's easier said than done.

 

Ten-on-the-10th-April-2023.jpg

 

Q&A with Citified's Mike Kozakowski on BC's new housing policies and overcoming supply roadblocks

https://victoria.cit...ply-roadblocks/


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#4959 Victoria Watcher

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Posted 10 April 2023 - 10:41 AM

I liked this forum much more before we knew what Mike K. looked like.


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#4960 Mike K.

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Posted 12 April 2023 - 06:42 AM

Bank of Canada holds rate steady at 4.5%. From the BOC:

Inflation in many countries is easing in the face of lower energy prices, normalizing global supply chains, and tighter monetary policy. At the same time, labour markets remain tight and measures of core inflation in many advanced economies suggest persistent price pressures, especially for services.



In Canada, demand is still exceeding supply and the labour market remains tight. Economic growth in the first quarter looks to be stronger than was projected in January, with a bounce in exports and solid consumption growth. While the Bank’s Business Outlook Survey suggests acute labour shortages are starting to ease, wage growth is still elevated relative to productivity growth. Strong population gains are adding to labour supply and supporting employment growth while also boosting aggregate consumption. Housing market activity remains subdued.

As more households renew their mortgages at higher rates and restrictive monetary policy works its way through the economy more broadly, consumption is expected to moderate this year. Softening foreign demand is expected to restrain exports and business investment. Overall, GDP growth is projected to be weak through the remainder of this year before strengthening gradually next year. This implies the economy will move into excess supply in the second half of this year. The Bank now projects Canada’s economy to grow by 1.4% this year and 1.3% in 2024 before picking up to 2.5% in 2025.

CPI inflation eased to 5.2% in February, and the Bank’s preferred measures of core inflation were just under 5%. The Bank expects CPI inflation to fall quickly to around 3% in the middle of this year and then decline more gradually to the 2% target by the end of 2024. Recent data is reinforcing Governing Council’s confidence that inflation will continue to decline in the next few months. However, getting inflation the rest of the way back to 2% could prove to be more difficult because inflation expectations are coming down slowly, service price inflation and wage growth remain elevated, and corporate pricing behaviour has yet to normalize. As it sets monetary policy, Governing Council will be particularly focused on these indicators, and the evolution of core inflation, to gauge the progress of CPI inflation back to target.

In light of its outlook for growth and inflation, Governing Council decided to maintain the policy rate at 4½%. Quantitative tightening continues to complement this restrictive stance. Governing Council continues to assess whether monetary policy is sufficiently restrictive to relieve price pressures and remains prepared to raise the policy rate further if needed to return inflation to the 2% target. The Bank remains resolute in its commitment to restoring price stability for Canadians.

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