July has brought us some exciting updates in the real estate scene. In this month’s newsletter, you’ll find a comprehensive Market Statistics infographic, catch up on local events and the latest real estate buzz, and see what the recent Bank of Canada rate cut means for mortgages.
Don’t skip my feature article, “Exploring Outdoor Pools”— it’s a splash! Plus, get the scoop on this month’s neighborhood spotlight and learn how specialized artificial turf can transform your outdoor spaces.
Got questions or thinking about your next move in real estate? I’m just a message away. Enjoy the read!
Victoria real estate market slow and steady for buyers and sellers
A total of 661 properties sold in the Victoria Real Estate Board region this June, 6.2 per cent fewer than the 705 properties sold in June 2023 and a 13.4 per cent decrease from May 2024. Sales of condominiums were down 16.5 per cent from June 2023 with 202 units sold. Sales of single family homes increased by 6.2 percent from June 2023 with 342 sold. "June followed our normal seasonal trends," said 2024 Victoria Real Estate Board Chair Laurie Lidstone...READ MORE
The Bank of Canada recently announced a 0.25% rate cut, reducing the overnight rate from 5% to 4.75%. This change provides variable rate mortgage holders with an average decrease of $15 per month and $244 in annual interest savings for every $100,000 borrowed. The next meeting is scheduled for July 24, 2024.
Note: Static variable rate holders may not see changes in their payments.
Butchart Gardens: Summer Firework Saturdays (until Aug 31) Enjoy Saturday evenings in July and August at The Gardens with world-class fireworks choreographed by Christopher Ross. Admission includes the show, weather permitting, with non-refundable tickets retaining their value for future use. Summer at Ship Point (until Sep 19) This summer, Victoria transforms Ship Point into a vibrant hub for wellness, food, and live music. Enjoy diverse cultural programs, a beer garden, and collect stamps at events to win prizes. Vancouver Island CrabFest 2024 (Jul 13) Experience local seafood and drinks from area breweries and vineyards at Banfield Park. This event supports the Vic West Community Center, Reciprocity Connects, and the BC Crab Fisherman Association, enhancing local resources. Oak Bay Summer Concert Series (Jul 18) Attend free outdoor concerts at Willows Beach, featuring local and emerging artists, sponsored by Oak Bay Parks and the Province of British Columbia. Bring a picnic and ride your bike to help keep the event green. TD Art Gallery Paint-In 2024 (Jul 20) Explore Vancouver Island's largest summer arts festival, annually attracting 40,000 visitors to celebrate and explore art along Moss Street with local artists. Local Folk Summer Fair at Sea Cider (Jul 21) Enjoy a day filled with drinking, eating, shopping, crafting, and playing in a beautiful orchard setting with ocean views, while celebrating Sea Cider's 20th Anniversary with a limited edition cider and special discounts on all cider bottles. Music By The Sea 2024 (Jul 25 – 27) Enjoy classical and jazz concerts at Victoria International Marina and The Rix Centre for Ocean Discoveries, set against the scenic Pacific Ocean. The festival also enriches young musicians through its annual mentorship program, adding educational value to its cultural offerings. ArtisTREE Festival (Jul 27 – 28) Experience a vibrant two-day arts event at Government House in Victoria, featuring 150 artisan booths, live music, art installations, and showcases of Indigenous culture. Family-friendly with children's activities, the festival offers food options and shuttle services for easy access.
Explore Victoria's top outdoor pools, perfect for luxury and relaxation amidst stunning scenery.
Oak Bay Beach Hotel in Oak Bay community, offers luxurious beachfront outdoor mineral pools with three heated saltwater pools overlooking the ocean. Open year-round, amenities include the Boathouse Kitchen & Bar, a eucalyptus-infused sauna, and reserved lounge chairs. The adults-only (16+) pools provide perfect relaxation with stunning views.
Bear Mountain Resort's outdoor pool in Bear Mountain community, offers a tranquil, year-round swimming experience surrounded by lush scenery. The chlorine-treated pool includes loungers, dining options, and a hot tub. While lacking specific kids' features or fitness classes, it's ideal for relaxation within a luxury resort with extensive amenities.
Our Exciting New Referral Program for 2024!
I am thrilled to introduce my brand-new Referral Program for 2024! I understand that my most valuable advocates are my clients, and I want to express my gratitude by offering an exclusive incentive for those who refer me to new buyers or sellers.
Here's how it works:
Metchosin is a charming, rural community known for its scenic beauty and peaceful vibe. Housing options range from cozy cottages and older homes to spacious acreages, perfect for those who love open space. You'll find friendly neighbors and a close-knit feel here. The area is great for outdoor lovers with hiking trails, parks, and beaches nearby. Schools and community centers make it family-friendly, while local farms and markets offer fresh produce and a taste of country life. If you’re looking for a quiet, nature-filled place to call home, Metchosin is a fantastic choice.
