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Building & Condo information

2340 Oakville Ave

2340 Oakville Ave, Sidney, V8W 0A7

  • Levels: 1
  • Suites: 6
  • Status: Completed
  • Built: 2015
  • Title To Land: Frhld/strata
  • Building Type: Strata
  • Management company:  
  •  Bldg#: 12236

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Building Info

“2340 Oakville Ave” at 2340 Oakville Ave is located in , Victoria & was built in 2015 with 3 suites over 1 levels.

Strata Sub Categories: Strata

2340 Oakville Ave Technical Info

Building Name 2340 Oakville Ave
Address 2340 Oakville Ave
City Sidney
Listing Price Range N/A
Floors 1
Units in Development: 3
Units in Strata:6
Property Types Frhld/strata
Sub Categories:Strata
Year Built 2015
Restrictions Details
Title to Land Frhld/strata

2340 Oakville Ave MLS® Listings And/Or Area MLS® Listings

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2340 Oakville Ave Maps (Google, Google Street View, Bing Aerial View, Area Condos, Walk Score)

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Area Rentals

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Victoria Real Estate Board Update

High Demand Continues as Inventory Shrinks in the Victoria Housing Market

 

December 1 2016, Victoria, BC

A total of 599 properties sold in the Victoria Real Estate Board region this November, 4.5 per cent more than the 573 properties sold in November last year.

Inventory levels remain lower than last year, with 1,815 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of November 2016, 38.5 per cent fewer than the 2,952 active listings at the end of November 2015.

"Our current housing market is in a strong cycle due to many factors, including our current positive economic conditions, baby boomers retiring here, millennial buying cycles, a low Canadian dollar keeping folks closer to home and our favourable living conditions," notes Mike Nugent, 2016 President of the Board. "These factors and others, in combination with ongoing low inventory mean demand for housing is up, particularly in those areas close to the core and amenities."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in November 2015 was $608,600. The benchmark value for the same home in November 2016 has increased by 23.9 per cent to $753,800.

"Foreign buyers are another factor that affects our local housing market. The provincial government is considering implementation of a local tax on foreign buyers to ensure pressure on pricing from that source remains mitigated," adds President Nugent. "While October data shows an increase in foreign buyers into the Capital Regional District compared to previous months, their 6.3 per cent of property transfers indicate that these buyers are one factor in the marketplace. A much larger factor affecting affordability and availability right now is the lack of inventory. An effective method to address housing affordability issues could be through efforts to increase the supply of housing, either through adjustments to zoning or density."

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 1,320 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.

View our press release and summary here.

View our complete statistical package here

For More Information 

Victoria Real Estate Board
Denise Hogue, Communications Manager

Phone: 250-920-4652

 

 

Victoria Real Estate Sales September 2016

Real Estate Related News Articles(Sun and Province) Search News  

# Article Publish Date Source
1 Value of downtown condos could soar as Victoria considers ban on AirBnB zoning
City of Victoria moving toward restricting transient zoning, also known as hotel-like or short term rental usage.
Transient zoned condos facing rental restrictions #LesTwarog
2017/11/15 other
2 OPAL 438 West King Edward a retirement community of 130 homes in three buildings of a 6 storey and two 4 stories by Opal Development
Element Lifestyle Retirement is the management company for the Opal development, a seniors living in Vancouver's Cambie Village.
OPAL ALLOWS SENIORS TO AGE-IN-PLACE
2017/01/21 The Vancouver Sun
3 Victoria councillors petition provincial government for vacancy tax
Two Victoria councillors want a tax on vacant homes and implementation of the 15% foreign buyers tax.
Councillors want vacant home tax #LesTwarog
2017/01/20 Mortgage Broker News
4 Q&A with Kijiji’s head of real estate
An interview with Kijjiji on real estate.
Kijjiji is popular with people looking for rentals #LesTwarog
2017/01/20 Canadian Real Estate Wealth
5 First-time buyers need genuine help, not coddling - analyst
CMHC hopes the premium hike will stabilize or lower home prices so first time buyers can purchase homes.
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Victoria News articles Search Victoria News 

# Article Publish Date Source
1 Value of downtown condos could soar as Victoria considers ban on AirBnB zoning
City of Victoria moving toward restricting transient zoning, also known as hotel-like or short term rental usage.
Transient Zoning in Victoria will be restricted #LesTwarog
2017/01/21 The Vancouver Sun
2 Victoria councillors petition provincial government for vacancy tax
Two Victoria councillors want a tax on vacant homes and implementation of the 15% foreign buyers tax.
Councillors call for vacant home tax #LesTwarog
2017/01/20 Mortgage Broker News
3 Extend foreign buyer home tax to capital region, two Victoria councillors urge
The two Victoria councillors want to tax vacant property and add the foreign buyers 15% tax to property.
Spread foreign buyer tax, councillor says #LesTwarog
2017/01/19 The Province
4 Stronger migration bolstering Victoria real estate
Inbound migration to Victoria is predicted to play role in increase home prices.
More demand then supply from migrants #LesTwarog
2017/01/13 REP
5 Victoria faces property shortages while more move in for lifestyle change
The Victoria Real Estate Board expects fewer migrants but prices still rising.
Flowers are blooming and the property buyers are coming #LesTwarog
2017/01/10 The Vancouver Sun
More News