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Posts tagged as Victoria

Real estate sector limps into spring

A total of 640 mainly residential properties sold through the Victoria Real Estate Board in March, February delivered 421 sales.
Trending Stories Missing Langford man Joshua Bennett found dead in Glen Lake‘She’s the hero’: Mom saves son, 7, from cougar attack in Lake Cowichan Simon Keith out of hospital after second life-saving transplant Incident draws attention to in-flight harassment and airline response November 2017 was the most recent month when sales increased compared to the same month in the previous year. (671 compared with 599 in November 2016).But now that spring is here — a traditionally strong real estate period — the market has picked up somewhat as sales numbers jumped by 52 per cent in March from February. The number of properties on the market is also climbing, giving buyers more choice.
A total of 2,435 properties are currently for sale, up from 1,766 in March 2018. New federal borrowing rules, which can restrict the size of loans for buyers, resulted in competition for lower-priced properties, the board said.“This means that even though sales are slower than the peak in 2016, many buyers can expect to encounter multiple-offer situations as competition increases at lower price points,” board president Cheryl Woolley said in a statement Monday. She predicts that the lower-priced market will heat up even more now that the federal government has introduced a program for first-time buyers of properties costing $480,000 or less.
The federal government will loan up to 10 per cent of the housing price. “These current market dynamics make it increasingly important for our region to continue to find ways to create more affordable housing options to avoid price pressure on the lower-priced properties,” Woolley said.Despite the year-over-year drop in sales and some downward movement in single-family prices, capital region housing prices remain among the highest in the country. Last month, the benchmark price for a single-family house in the region was $741,000, down from $746,300 in March 2018, the board said.
The core area saw the benchmark for a single-family home move down to $843,600 from $867,900 a year earlier. The West Shore was the only region with an increase in the single-family benchmark, rising to $625,100 from $609,300.Benchmark refers to the price of a typical property in a specific area. The core covers Victoria, Saanich, Esquimalt, Oak Bay and View Royal.Condo and townhouse prices climbed overall in the region year-over-year. The benchmark for condos came in last month at $497,100 from $491,100 a year ago in March.
The benchmark for townhouses was $598,000 last month, up from $563,000 in March 2018. The sales picture is similar north of the Malahat.The number of single-family house sales slipped to 309 in March from 399 in March, 2018, said the Vancouver Island Real Estate Board. Even so, prices were up.The benchmark value for a single-family house was $510,800, up six per cent year-over-year.

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Melbourne Arts Centre

Melbourne Arts Centre, Southbank, Victoria, Australia. Apr 1 – Apr 22 guests … 0.10 mi from Melbourne Arts Centre. 4.7/5Exceptional(1,437 reviews).

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Victoria Beckham just majorly showed her generosity with latest fashion hack

In her latest YouTube video, which gives a behind-the-scenes look at her Autumn/Winter 2019 fashion show, she revealed that just before the catwalk.I literally just had to give my bra to one of the girls, she told the camera.Victoria helped out one of the models just before the show began.The last-minute swap didnt seem to affect the show, since the footage then changed to the models walking the catwalk calmly, showing off Victorias chic and tailored designs. The mum of four can then be seen stepping out to applause, before heading backstage to give all the models a big hug.Victoria Beckham shocks with a pair of shoes you just wouldn’t expect Loading the player.
As well as her YouTube channel launch, Victoria has been busy as ever sharing her favorite outfits on social media, most recently impressing her followers by styling up a pair of gold foil trousers in a surprisingly low-key way. She wore the 880 piece with a simple white tee and gold pointed heels, captioning the shot, my favourite#VBSS19 split front trouser.Well be needing a high-street dupe of those!In fact, if youre hankering after VBs signature style, you might be in luck, since she also recently announced that shell be answering fan questions in her next YouTube vid head over to Instagram stat if you have a burning fashion or beauty query for our favourite Spice Girl. So far, theres been talk of whether shell ever launch a plus-size or mens range so were all ears for the next instalment.

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Meghan Markle, Prince Harry reportedly reveal the sex of their baby

The Duchess of Sussex, Meghan Markle, as you may have heard, is going to be having a baby very, very soon. The child will be seventh in line to the throne (Prince Andrew will get bumped down to eighth), whether it be a boy or a girl.
The child will be seventh in line to the throne (Prince Andrew will get bumped down to eighth), whether it be a boy or a girl.And while we will not be finding out the sex until he or she is born, there appears to be some differing takes as to whether or not the Royal couple itself know what they’re having.However, according to the Us Weekly’s new issue, they cite a source that claims the pair do indeed know the sex of their child.Britains Prince Harry and his wife Meghan, Duchess of Sussex, meet participants of Fluro Friday, an event organised by surfing community One Wave tackling mental health issues, during their visit to Bondi Beach in Sydney, Australia, October 19, 2018. PHOTO: REUTERSAccording to the magazine, Meghan told friends at her shower that she’s going to be having a baby boy.
After Meghan’s baby shower, held at New York City’s Mark Hotel last week, the decorator posted some video footage of the dessert spread, in which an array of treats were visible.Observers noticed that nearly every item was in a pink or neutral tone, without any blue to be seen.
Vanity Fair’s Katie Nicholl reported in January that the pair were prepping a gender-neutral nursery. She wrote that the nursery will be decorated in a “white-and-gray color scheme,” and that they would not be finding out the sex of their child in advance.Meghan Markle. PHOTO:AFPIn October, Harry told well-wishers in the crowd at an event that “everyone is predicting it’s going to be a girl.” (A few days earlier, someone shouted, “I hope it’s a girl” at Harry, to which he responded, “So do I.”)For now, you’ll need to come up with both a boy and a girl name.The betting is already well underway in the UK, where people have some of the favorites: if it’s a boy, as James or Arthur, or, if it’s a girl, Victoria or Elizabeth

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Commercial real estate remains hot commodity in Greater Victoria

Value for money and a strong return on investment will continue to drive activity in Greater Victoria’s commercial real estate market, according to a new.
The commercial real estate firm said there is still strong demand for good office space from the provincial government and the private sector, while investors and developers see the region as a relatively good bargain.
Trending StoriesSchools will require kids’ immunization status by fall, B.C.health minister saysWilson-Raybould says she was pushed, got veiled threats on SNC-Lavalin Victoria council mulls mid-block crosswalk on Blanshard StreetMayor, councillors in Sooke vote for 50% pay raise “We still see a tremendous appetite for investment product in Greater Victoria and I think the same can be said for development properties,” said Ross Marshall, vice-president with CBRE Victoria. “Investors and developers see value in Victoria [because] it didn’t get over-inflated like Vancouver.” Marshall said that’s what he’s been hearing from both groups, who, in some cases, have been looking at moving money from other markets into the capital region to add to their property portfolios. He said they see Victoria as a safe and secure market.“And our yields are higher than Vancouver, and everyone is chasing yield, so we are a pretty attractive place,” Marshall said, noting strong demand from tenants has driven up rental rates across property classes. According to Colliers International, downtown Victoria office vacancy was at 6.4 per cent overall in the fourth quarter of 2018, down from 7.2 per cent in the fourth quarter of 2017.
That drop came despite the addition of 280,000 square feet of new office space to the mix. Marshall said there was a flight to quality, with professional firms and government moving to class A space, freeing up class B and C space in the region, with some of that taken up by the growing high-tech sector.Marshall said given the region’s strong fundamentals — low unemployment and a strong, diverse economy — there’s no reason to expect developers and investors to back away from the region anytime soon. Marshall said he has fielded inquiries from the Lower Mainland, across Canada and the U.S. expressing interest in some of the larger properties available in the region.“They have a lot of confidence in the fundamentals evident in Greater Victoria,” said Marshall, who sees demand outstripping supply for the next couple of years. “The reality is a lot of these groups are looking for vehicles to invest in and the West Coast and, in particular, Vancouver Island, [is] shining.
” One of his biggest challenges has been to find large enough properties to suit some of the larger investor groups. But even in rosy conditions, the cost of construction, increased development fees, approval delays and other factors could affect the appetite for development in the downtown core.
Marshall said in some cases, it has spurred developers to explore other municipalities that might be more keen on development. The report also noted that Victoria’s industrial market is experiencing historically low availability, while land constraints have led to upward pressure and record-high lease rates.

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