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Greater Victoria homes continue to push prices up in luxury real estate market – Saanich News – Saanich News

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A new listing in North Saanich offers a glimpse into Greater Victoria’s high-end real estate market.

In the same neighbourhood as a recent record-breaking sale – which saw 8408 Lawrence Rd. sell for the full asking price of $22.75 million – Engel & Volkers’ new luxury listing offers nearly 4,000 square feet of living space on a nearly seven-acre waterfront lot.

Located at 8338 West Saanich Rd., and listed by Engel & Volkers Oak Bay, the home features six bedrooms and nine bathrooms, a private helicopter pad, a detached carriage house with two bedrooms, private beach access and a floating dock big enough to accommodate yachts.

At $18.75 million, it’s one of the most expensive listings in Greater Victoria.

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8338 West Saanich Road from Spartan Media Group on Vimeo.

ALSO READ: Sale of Saanich Peninsula estate breaks Greater Victoria price record

But not to be outdone, further north on the Saanich Peninsula, a realtor.com listing in North Saanich comes in with an equally impressive price tag.

Located at 1850 Lands End Rd. and listed by Chace Whitson Real Estate Group for $18.8 million, this property features more than 24 acres, including 1,500 feet of ocean frontage, which is subdividable (pending approval from the District of North Saanich).

At more than 3,500 square feet, the west coast-inspired living space features three bedrooms and three bathrooms centred around the ocean views.

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Off the Peninsula, an Oak Bay property rounds out the top three with a listing price of $16.75 million from Sotheby’s International Realty Canada. Located at 3155 Beach Dr., this level 1.67-acre beachfront property is in the heart of Uplands. The nearly 12,000-square-foot residence features five bedrooms and eight bathrooms.

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ALSO READ: Sale of oceanfront property in Metchosin yields new record for Greater Victoria


 

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Homelessness: Tiny home village to open next week in Halifax suburb

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HALIFAX – A village of tiny homes is set to open next month in a Halifax suburb, the latest project by the provincial government to address homelessness.

Located in Lower Sackville, N.S., the tiny home community will house up to 34 people when the first 26 units open Nov. 4.

Another 35 people are scheduled to move in when construction on another 29 units should be complete in December, under a partnership between the province, the Halifax Regional Municipality, United Way Halifax, The Shaw Group and Dexter Construction.

The province invested $9.4 million to build the village and will contribute $935,000 annually for operating costs.

Residents have been chosen from a list of people experiencing homelessness maintained by the Affordable Housing Association of Nova Scotia.

They will pay rent that is tied to their income for a unit that is fully furnished with a private bathroom, shower and a kitchen equipped with a cooktop, small fridge and microwave.

The Atlantic Community Shelters Society will also provide support to residents, ranging from counselling and mental health supports to employment and educational services.

This report by The Canadian Press was first published Oct. 24, 2024.

The Canadian Press. All rights reserved.

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Here are some facts about British Columbia’s housing market

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Housing affordability is a key issue in the provincial election campaign in British Columbia, particularly in major centres.

Here are some statistics about housing in B.C. from the Canada Mortgage and Housing Corporation’s 2024 Rental Market Report, issued in January, and the B.C. Real Estate Association’s August 2024 report.

Average residential home price in B.C.: $938,500

Average price in greater Vancouver (2024 year to date): $1,304,438

Average price in greater Victoria (2024 year to date): $979,103

Average price in the Okanagan (2024 year to date): $748,015

Average two-bedroom purpose-built rental in Vancouver: $2,181

Average two-bedroom purpose-built rental in Victoria: $1,839

Average two-bedroom purpose-built rental in Canada: $1,359

Rental vacancy rate in Vancouver: 0.9 per cent

How much more do new renters in Vancouver pay compared with renters who have occupied their home for at least a year: 27 per cent

This report by The Canadian Press was first published Oct. 17, 2024.

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B.C. voters face atmospheric river with heavy rain, high winds on election day

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VANCOUVER – Voters along the south coast of British Columbia who have not cast their ballots yet will have to contend with heavy rain and high winds from an incoming atmospheric river weather system on election day.

Environment Canada says the weather system will bring prolonged heavy rain to Metro Vancouver, the Sunshine Coast, Fraser Valley, Howe Sound, Whistler and Vancouver Island starting Friday.

The agency says strong winds with gusts up to 80 kilometres an hour will also develop on Saturday — the day thousands are expected to go to the polls across B.C. — in parts of Vancouver Island and Metro Vancouver.

Wednesday was the last day for advance voting, which started on Oct. 10.

More than 180,000 voters cast their votes Wednesday — the most ever on an advance voting day in B.C., beating the record set just days earlier on Oct. 10 of more than 170,000 votes.

Environment Canada says voters in the area of the atmospheric river can expect around 70 millimetres of precipitation generally and up to 100 millimetres along the coastal mountains, while parts of Vancouver Island could see as much as 200 millimetres of rainfall for the weekend.

An atmospheric river system in November 2021 created severe flooding and landslides that at one point severed most rail links between Vancouver’s port and the rest of Canada while inundating communities in the Fraser Valley and B.C. Interior.

This report by The Canadian Press was first published Oct. 17, 2024.

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