Jean Medland

Phone: 250-858 7716 |

I have sold a property at 52 14 Erskine Lane.
An ideal location! Walking distance to Eagle Ridge Center, Schools, Hospital, Galloping Goose Trail & Thetis Lk Park! Enjoy Southerly exposure with sun streaming through the many over-sized windows. The Chefs in the family will enjoy the bright, updated kitchen with tile floor & lots of cupboards/ counter space. The spacious, bright dining area has patio doors to the private patio & a breakfast counter open to the living room. Relax on the quiet patio, backing on to a green belt for added privacy & a peaceful view. The top floor has 3 bedrooms, incl the large master with ensuite, & main bath. The fully finished ground level features a 4th bedroom, den, full bath plus separate entry. Situated in a quiet area with plenty of wonderful neighbors, this well managed complex offers a wonderful club house with a full kitchen, large event room, patio, BBQ, exercise equipment and a pool table. Pet friendly for 2 dogs or 2 cats (subj to Strata approval)
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Welcome to January!

In this newsletter, I will bring in my network specialist, Jack Groucott, and have him share his insights into how to manage cashing-out when downsizing. If you are thinking of downsizing now or in the spring, reach out so I can get your plan for maximum gain, in the shortest time frame and the least amount of hassle.
 
Jack tells me these are the top 5 tips he helps clients manage their nest egg: (Check out my video interview below!)
 

  • Build a plan! Sit down and determine what is important to you and what you want to achieve.
  • Work with a professional to determine: goals, time frame, tolerance for risk.
  • Follow a 'dollar cost average' strategy. Slow and steady wins the race! Transition capital from Bonds to Stocks over time, not in one shot.
  • Build a diversified portfolio of quality investments, backed by research.
  • Follow a process! Meet regularly to make sure you are on track to achieve your goals.

 
It is crucial to 'keep your emotions in check'  and this fundamentally comes from having a plan and a strategy.
 
For a free, no-obligation consultation with Jack, you can reach him at the contact info below.
 
Jack Groucott
Financial Advisor
Edward Jones
4085 Shelbourne St.
Victoria, BC V8N5Y1
(778) 700-3338
www.edwardjones.ca



The 2020 Victoria real estate market year in review...
On Vancouver Island the Sales-to-Active-Listings ratio was 47.48 percent and the Months of Inventory ratio 2.11 which resulted in a Seller's Market. 
In Victoria : the Sales-to-Active-Listings ratio was 63.86 percent and the Months of Inventory ratio 1.57 which resulted in a Seller's Market. 
A total of 631 properties sold in the Victoria Real Estate Board region this December, 57 per cent more than the 402 properties sold in December 2019 and a 20.6 per cent decrease from November 2020. Sales of condominiums were up 61.2 per cent from December 2019 with 195 units sold. Sales of single family homes increased 58.6 per cent from December 2019 with 314 sold.

A grand total of 8,497 properties sold over the course of 2020, 17.1 percent more than the 7,255 that sold in 2019. 2020 sales came in close to one thousand sales over the ten-year average of 7,329 properties.
Read the full report here



Average House Prices by City

Nov 2020

Nov 2019

Nov 2018

Yellowknife

$447,966

$425,482

$334,556

Vancouver

$1,044,000

$993,700

$1,042,100

Victoria

$730,200

$693,700

$686,400

Edmonton

$322,700

$316,100

$321,800

Calgary

$418,700

$413,900

$418,300

Saskatoon

$303,600

$287,500

$293,500

Regina

$278,800

$259,600

$272,100

Toronto

$902,500

$815,800

$763,600

Hamilton-Burlington

$735,300

$626,000

$581,900

Ottawa-Carleton

$540,500

$441,800

$393,600

Quebec City

$267,900

$274,600

$280,072

Montreal

$423,400

$379,000

$348,200

Fredericton

$195,022

$184,665

$164,692

Saint John

$209,702

$191,896

$197,463

Halifax-Dartmouth

$393,461

$343,252

$296,419

Winnipeg

$286,500

$305,744

$289,876


 


Source: CREA - Most Recent Month Reported

 


Average House Prices by Province

Nov 2020

Nov 2019

Nov 2018

National

$603,344

$528,728

$488,080

Yukon

$424,353

$395,741

$394,406

Northwest Territories

$447,966

$425,482

$334,556

British Columbia

$814,049

$746,481

$708,739

Alberta

$405,662

$370,440

$374,915

Saskatchewan

$283,371

$280,757

$283,849

Manitoba

$314,418

$291,279

$280,683

Ontario

$744,036

$629,648

$574,993

Quebec

$413,144

$335,097

$314,893

New Brunswick

$203,907

$182,304

$175,976

Prince Edward Island

$309,031

$247,035

$226,155

Nova Scotia

$306,314

$277,104

$233,679

Newfoundland

$281,900

$240,149

$225,655


 

Source: CREA - Most Recent Month Reported


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I have sold a property at 207 3915 Carey Rd.
Centrally located 2 bdrm, 2bth condo at sought after Carey Hill Walk. Located on the quiet side of the building on 2nd floor, so no elevator required! Impressive entry and lobby are stroller & mobility friendly. This large suite is drenched with morning sunshine with cool evenings. Enjoy the tall ceilings throughout with a grand-master bedroom with ensuite with separate soaker tub and shower. This condo comes with in-suite laundry! You will love the modern open layout with spacious kitchen & loads of counter space. Easy access to shopping at Uptown Mall, Tillicum Mall, Saanich Plaza. Walk to many parks & trails within minutes! Bus stop at the front door to travel quickly to UVic or Downtown! Rentals, pets, & kids allowed(see bylaws). Newer Hot water tank too! Condo comes with 1 parking in the secure underground parking with camera surveillance, 2 bike storage areas & spacious storage lockers. Solid investment at a great price - book your tour today!
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I have listed a new property at 207 3915 Carey Rd.
Centrally located 2 bdrm, 2bth condo at sought after Carey Hill Walk. Located on the quiet side of the building on 2nd floor, so no elevator required! Impressive entry and lobby are stroller & mobility friendly. This large suite is drenched with morning sunshine with cool evenings. Enjoy the tall ceilings throughout with a grand-master bedroom with ensuite with separate soaker tub and shower. This condo comes with in-suite laundry! You will love the modern open layout with spacious kitchen & loads of counter space. Easy access to shopping at Uptown Mall, Tillicum Mall, Saanich Plaza. Walk to many parks & trails within minutes! Bus stop at the front door to travel quickly to UVic or Downtown! Rentals, pets, & kids allowed(see bylaws). Newer Hot water tank too! Condo comes with 1 parking in the secure underground parking with camera surveillance, 2 bike storage areas & spacious storage lockers. Solid investment at a great price - book your tour today!
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Because your investment properties may well be part of your extended overall investment portfolio, selling them is probably one of the most important decisions you will make in your life. And once you have made that decision, you'll want to sell your investment properties for the highest price in the shortest time possible without compromising your sanity. Before you place your investment property on the market, here are ways to help you to be as prepared as possible.


To assist those investment owners affected by the new taxes in British Columbia, a new industry report has just been released called "What we know about the Speculation and Property Tax Transfer taxes and what to do first to get the information you need” It tackles the important issues you need to know to make your investment property competitive in today's tough, aggressive marketplace.


Through these 3 tips, you will discover how to protect and capitalize on your most important investment, reduce stress, be in control of your situation, and make the most profit possible.


In this report, you'll discover how to avoid financial disappointment or worse, a financial disaster when selling your investment property in British Columbia. Using a common-sense approach, you get the straight facts about what can make or break the sale of your investment property. Bottom line is these new taxes are complex, require a review of your entire portfolio and tax position as well as understanding how these changes (combine with other municipal Airbnb and Residential Tenancy changes) will potentially affect the entire Victoria Real Estate market.

ORDER YOUR FREE REPORT NOW, YOU OWE IT TO YOURSELF TO LEARN HOW THESE BRITISH COLUMBIA PROPERTY AND SPECULATION TAX CHANGES WILL AFFECT RESALE MARKET CONDITIONS NOW AND MOVING FORWARD.

Knowing this will give you the competitive edge to get your investment property sold fast and for the most amount of money. We are currently working with clients caught up in this situation so we are eager to help you navigate your best path.

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I have sold a property at 6916 Blanchard Rd in Sooke.
Welcome to 6916 Blanchard Rd. This brand new 2 story home is situated on a large lot among other new homes. Prominently positioned this 4 bedroom 3 bathroom +den home offers an open layout with valley views and a 1 bedroom suite. Just off the large kitchen with island you have a large deck great for a BBQ or lounging. In the master you will find a 4 piece bathroom and large walk-in closet. In addition the home will also come with hot water on demand, dual zone heat pump for heating & cooling, gas fireplace, pot lights throughout, quartz countertops, easy maintainable outdoor space with Harti plank fibre cement siding. Enjoy Sooke's laid back lifestyle with parks, restaurants & the waterfront just a short drive away. Price plus GST
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I have sold a property at 900 Walking Stick Lane in Saanich.
Experience luxurious living in this immaculate one level custom home. Located in a peaceful setting among Sequoia trees, and with sweeping views of natural gardens and Cordova Bay Golf Course, this is a quiet and welcoming place to come home to. At 2000+ square feet with two full bedrooms & den (with murphy bed to act as 3rd bedroom) plus full sized garage, there is no compromise in size. Location is second to none for those who want privacy and a feel of country living with shops and restaurants just a few minute’s walk away. Mattick’s Farm boasts a Red Barn Market and several boutique shops as well, so groceries, wine, gardening items and good coffee couldn’t be more convenient. This is a walkers', golfers' and cyclists' paradise! Boasting features like custom closets, quartz counters, rosewood flooring, SS appliances, heat pump and more, this rare home is sure to please the discerning buyer. Virtual tour and floor plans available.
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I have listed a new property at 207 3915 Carey Rd.
AWESOME Must Sell Now 2 bdrm, 2bth condo at sought after Carey Hill Walk. Located on the quiet side of the building on 2nd floor, so no elevator required! Impressive entry and lobby are stroller & mobility friendly. This large suite is drenched with morning sunshine with cool evenings. Enjoy the tall ceilings throughout with a grand-master bedroom with ensuite with separate soaker tub and shower. This condo comes with in-suite laundry! You will love the modern open layout with spacious kitchen & loads of counter space. Easy access to shopping at Uptown Mall, Tillicum Mall, Saanich Plaza. Walk to many parks & trails within minutes! Bus stop at the front door to travel quickly to UVic or Downtown! Rentals, pets, & kids allowed(see bylaws). Newer Hot water tank too! Condo comes with 1 parking in the secure underground parking with camera surveillance, 2 bike storage areas & spacious storage lockers. Solid investment at a great price - book your tour today!
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Victoria real estate market continues to adapt in the changing times

August 4, 2020  A total of 979 properties sold in the Victoria Real Estate Board region this July, 38.7 per cent more than the 706 properties sold in July 2019 and 21.2 per cent more than the previous month of June 2020. Sales of condominiums were up 11.2 per cent from July 2019 with 239 units sold. Sales of single family homes were up 61.1 per cent from July 2019 with 559 sold.

"If we look at the numbers alone, June and July were unseasonably busy months and the number of sales this month are on the higher end of our market for a typical July," says Victoria Real Estate Board President Sandi-Jo Ayers. "But we are not in a typical season. We cannot derive an ongoing trend nor forecast by looking at activity because we know the market is subjected to unusual factors amidst a health crisis. Our spring market was delayed because of the pandemic. It is likely that our spring demand moved into summer now that folks are moving around our community more freely. Time will tell if these factors are resulting in a very compressed cycle of activity or if this trend will persist in the fall."

There were 2,653 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of July 2020, 10 percent fewer properties than the total available at the end of July 2019 and a 1.7 per cent decrease from the 2,698 active listings for sale at the end of June 2020.

"A big factor in our market right now is that we continue to see this very long term, very low supply of inventory which puts pressure on our market and prices," adds Ayers. "Though we had a good number of new listings come to market this month, many of those listings were snapped up by buyers. Our average active listings for July over the past ten years is 3,767 but our current local inventory is more than a thousand properties less than that. Right now we have a lot of demand for single family homes – without the numbers to meet demand - prospective buyers are often entering into multiple offer, competitive situations or are unable to find appropriate properties. It's a challenging market to navigate, but your REALTOR® is standing by to help should you wish to discuss a strategy to buy or sell a home in our current market."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in July 2019 was $861,100. The benchmark value for the same home in July 2020 increased by 5.7 per cent to $910,400, 1.6 per cent more than June's value of $896,200. The MLS® HPI benchmark value for a condominium in the Victoria Core area in July 2019 was $520,900, while the benchmark value for the same condominium in July 2020 increased by 1.7 per cent to $529,900, 0.8 per cent more than the June value of $525,600.

About the Victoria Real Estate Board – Founded in 1921, the Victoria Real Estate Board is a key player in the development of standards and innovative programs to enhance the professionalism of Realtors. The Victoria Real Estate Board represents 1,374 local Realtors. If you are thinking about buying or selling a home, connect with your local Realtor for detailed information on the Victoria and area housing market.

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I have sold a property at 3144 Munn Rd in Highlands.
A magical 5 acre setting in the heart of nature on the East side of the Highlands. The home & property have been transformed over the years. A real treat to view. Just over 3200 Sq.Ft. offering 4 beds/4 baths + home office & stunning family room! Attention to detail everywhere you turn; hardwood, tile & cork floors throughout, quartz countertops, heat pump heating and cooling, solid fir doors & so much more. Gorgeous brand new kitchen with S/S appliances, ample counter space & storage. Wood burning fireplace helps to set the mood for those family meals. Huge master suite on upper floor with a spa like ensuite, large walk in closet and views to the Olympic Mtns. If you like to entertain - you'll be impressed with the 3 sets of french doors that lead to amazing outdoor spaces; beit the viewing decks by the koi pond or the massive deck above the garage. Ample parking, stunning landscaping, an outbuilding, automated chicken coop & so much more! Preview online, then book your showing.
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I have sold a property at 3 395 Tyee Rd in Victoria.
Spectacular 2 bd/3bth Townhouse at Dockside Green now available. These rare garden suites with a stunning, private rooftop deck rarely come to market. Open floorplan with bamboo floors on the 1st level provides a spacious kitchen, dining & living room area which opens to the garden patio. Sleek, urban kitchen has quartz countertops & stainless steel appliances. Huge crawl space for ample storage under this level! Upstairs, master bedroom, with its own full bath, has garden and harbour views. Laundry and 2nd bedroom on this level and then onward to the 3rd level with private rooftop deck! Platinum LEED-certified building with a district energy facility, an on-site wastewater treatment plant & greywater recycling system. Tranquil greenway & waterway link the common spaces. A high walk score & cycle score of 95, this home is central to downtown, shopping, Foi Epi bakery & Browns Crafthouse! Underground secure, parking, with rentals & pets allowed(see bylaws). This won't last long!!
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I have sold a property at 2500 West Trail Crt in Sooke.
Welcome to 2500 West Trail Court, a newly built quality home in one of Sooke's latest neighbourhoods. Offering 2500sqft, this 4 bed +den/4 baths home features high end finish throughout, a bright open concept floorplan and tasteful lighting to enhance all principle spaces. The main level offers a gourmet kitchen with SS appliances, quartz countertops,dining area and living room complete with an impressive fireplace. The upper level presents a spacious master bedroom with a spa like 5 piece ensuite with separate soaker tub, walk in closet, and two additional generous bedrooms and a 4 piece bath.BONUS: a self contained legal 1 bedroom suite above the garage with a private side entry. Enjoy the back patio, ideal for outdoor entertaining and the privacy of the generous sized backyard surrounded by trees. Minutes from Sooke village, schools, shopping and walking trails. Price+ GST
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I have sold a property at 3635 Gibbins Rd.
Country Farmhouse on 1.95 acres. This 4 bedroom, 2 bath home has the country charm not found in newer homes. Just a nice comfy home with open living area and cozy woodstove, big kitchen with gas stove. Great mountain views, pasture area, garden area, fruit & nut trees, older barn and coop along with a lovely forested area for future timber & detached garage /workshop. The hydro easement opens the view corridor. Newer roof and septic offers piece of mind for years to come. In the country yet close to town.
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I have sold a property at 204 435 Festubert St in VICTORIA.
This is SOLD Waiting for board to board communication.Welcome home to this 19+ strata condominium. Very convenient location to groceries, library, aquatic center, medical facilities and public transit. This bright, south facing, 2 bedroom - 2 bathroom condo is professionally managed and includes one parking stall plus visitor parking for guests. Living room fireplace provides a cozy hearth for cool Cowichan Valley nights. In-suite laundry in ample laundry room provides convenience and storage for Christmas and camping gear. Strata fees includes management, gardening, building maintenance as well as refuse and recycle removal. Easy to view and move in quick! This condo won't last at this price.
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I have sold a property at 2444 Gatewheel Rd.
Beautiful Mill Springs home on a large private lot surrounded by parkland on 2 sides. This craftsman home has covered verandah, large deck, open concept living with merbau hardwood, vaulted ceilings, gas fireplace, gourmet kitchen, custom cabinets, den/bedroom, powder room & a lovely master on the main floor with walk-in closet and a large ensuite with dual sinks and soaker tub. Downstairs has 2 bedrooms, main bath, a huge family room with patio access & a ton of storage with outside access. The large private 0.43 acre is fully landscaped with easy care plantings, drip irrigation, fenced garden, puppy run & greenhouse. Cul-de-sac with walking trails at your doorstep. Mill Springs is an easy commute with transit a short walk away.
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I have sold a property at 1225 Chapman Rd in VICTORIA.
Historic Fraserfield in Cobble Hill on 4.6 beautiful private acres, minutes from highway, yet secluded & quiet. Solid concrete block constructed home was completely renovated in 2006 with new everything: insulation, electricity, plumbing, doors & windows, roof, chimneys. Large rooms with bright kitchen/walk-in pantry/breakfast nook, formal dining, living room with propane fireplace, family room with woodstove & open office area. Huge master with spa/like ensuite & his/her walk-in closets, Down is 2 bedrooms + 4 pc bath + 1231 sq ft unfinished area to develop. Completely deer fenced & a gardeners delight, with raised beds, greenhouse, fruit trees & more. 1806 barn with 3 loose boxes, tack room & hay loft, 35 x 14 outbuilding + 3 car carport. Country living at its best!
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I have sold a property at 679 Bay Rd in VICTORIA.
Great 2900 square foot 4 bedroom, ocean view home. The Seller would like to rent back until fall 2016 or longer. Enjoy views over Mill Bay, Saanich Inlet to Salt Spring Island and beyond featuring vaulted ceilings, large windows, a classic dutch fireplace and 2 large decks. This home, on a nicely landscaped, private yard, is close to shops, restaurants and marina. Lots of room to park your extra cars in the double carport and driveway plus the RV pad. Lovely hedge provides privacy to the front and side yards. Large private decks with views. This wonderful ocean view home sits on .58 acre. Mill Bay is an easy commute and wonderful community. Floor plans available.
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I have listed a new property at 210 1033 Cook St in Victoria.
Brand New Building! Book your viewing ASAP at this upscale Junior 1 bed, 1 bath condo. Move in now to this gorgeous building or invest and rent. Designer finishings include hardwood floors, quartz counters, Blomberg stainless appliances, in-suite laundry & luxurious heated bathroom floor. Amenities include on-site concierge and bike & storage lockers and a gorgeous covered patio down the hall that's perfect for entertaining, with gas fireplace & bbq. Walkable & charming neighbourhood has a walk score of 89, excellent transit out front & is a biker's paradise! You're central to the city, ocean, parks, theatre, shops & restaurants. Bear & Joey’s is downstairs and Cook Street Village is a few short blocks away. Rentals & pets allowed. 2-5-10 New Home Warranty included!
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Hi Friends,


I hope this finds you all healthy and well, and able to expand your bubbles to enjoy some face to face time with those that you missed.

WIth the gradual re-opening of our province, we are seeing a lot of activity both from buyers and sellers, and I would like to reassure you that our main priority is still to assist you in buying or selling...safely.


If you are a home buyer, have a look at my below video about how I ensure that you don't over pay for a home.


Take care of yourselves and each other.


- Jean






Home Buyers: How do you know what a fair price is to pay for a home? Have you heard of a Reverse CMA? Ask how much FREE Service prevents buyers from overpaying for their home!




When you refer family and friends to Jean at VictoriaHomeOwner.com, you donate generously to vital services in our community.

Habitat for Humanity Victoria brings communities together to help families build strength, stability and independece through affordable homeownership.

Some 14% of renter households in the Capital Region are defined as being in "core housing need", meaning they do not live in, and are unable to access housing which is affordable, in adequate condition, and of suitable size. An affordable home provides the strong foundation on which families can build their future.

Thank you for referring me to your family and friends and in doing so, helping your community!


- Jean



Do You Know the Full Benefits of INVESTING in Real Estate in Victoria?

Do you know the difference between the stock market and rental properties?

When you tune in Jean Medland will teach you how to analyze real estate investments and how to take advantage of Victoria’s unique market.

Investing in real estate offers cash flow, capital gains, tax advantages and secures your financial future, don’t miss out. Expert Guest Panel Available for Q & A


RSVP here - http://webinar.victoriahomeowner.com/

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I have sold a property at 10453 Allbay RD in SIDNEY.
Kayaker’s paradise on Robert’s Bay! This rare low-bank south-facing oceanfront property with boat house is sure to impress. Situated on 0.17 waterfront acres in Sidney, this charming Cape Cod inspired home features 3 bedrooms up plus 1 bedroom in-law suite with separate entrance on the lower level. Great layout for an extended family with open-kitchen featuring dining bar, Corian counter tops, wood cabinets open to a family room with gas fireplace and access to deck for outdoor entertaining. With ocean views from most rooms, you will love the charm of decorative glass wall and stained glass accent windows plus the recovered pocket doors and fireplace mantle from the old Empress Hotel in the living room. This home is designed for fun in the sun patio space in the rear, cozy boat house with one bed suite/studio space and boat launch. All of this in a great Sidney location, close to marinas, ferries, airport and many amenities. Come see for yourself!
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Categories:   CS Saanichton, Central Saanich Real Estate | CS Turgoose, Central Saanich Real Estate | Du West Duncan, Duncan Real Estate | Es Esquimalt, Esquimalt Real Estate | Es Gorge Vale, Esquimalt Real Estate | Es Kinsmen Park, Esquimalt Real Estate | Es Old Esquimalt, Esquimalt Real Estate | Es Rockheights, Esquimalt Real Estate | Hi Eastern Highlands, Highlands Real Estate | La Bear Mountain, Langford Real Estate | La Goldstream, Langford Real Estate | La Thetis Heights, Langford Real Estate | ML Cobble Hill, Malahat & Area Real Estate | ML Mill Bay, Malahat & Area Real Estate | ML Shawnigan Lake, Malahat & Area Real Estate | OB South Oak Bay, Oak Bay Real Estate | SE Arbutus, Saanich East Real Estate | SE Camosun, Saanich East Real Estate | SE Cedar Hill, Saanich East Real Estate | SE Cordova Bay, Saanich East Real Estate | SE Lambrick Park, Saanich East Real Estate | SE Maplewood, Saanich East Real Estate | SE Mt Tolmie, Saanich East Real Estate | SE Quadra, Saanich East Real Estate | Si Sidney North-East, Sidney Real Estate | Sk Broomhill, Sooke Real Estate | Sk Sooke Vill Core, Sooke Real Estate | Sk Sunriver, Sooke Real Estate | SW Rudd Park, Saanich West Real Estate | SW Tillicum, Saanich West Real Estate | Vi Burnside, Saanich West Real Estate | Vi Central Park, Victoria Real Estate | Vi Downtown, Victoria Real Estate | Vi Fairfield East, Victoria Real Estate | Vi Fairfield West, Victoria Real Estate | Vi Fernwood, Victoria Real Estate | Vi Hillside, Victoria Real Estate | Vi Jubilee, Victoria Real Estate | Vi Mayfair, Victoria Real Estate | Vi Oaklands, Victoria Real Estate | VR Glentana, View Royal Real Estate | VR Hospital, View Royal Real Estate | VR Six Mile, View Royal Real Estate | VW Songhees, Victoria West Real Estate | VW Victoria West, Victoria West Real Estate | Z03 Cowichan, Zone 03 - Duncan Real Estate | Z03 Duncan, Zone 03 - Duncan Real Estate | Z03 Duncan, Zone 3 - Duncan Real Estate | Z03 Ladysmith, Zone 03 - Duncan Real Estate
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.