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Building & Condo information

2319 Chilco Rd

2319 Chilco Rd, View Royal, V9B 0L8VR0155 - VR Six Mile

Developers Website: www.limonagroup.com
  • Levels: 3
  • Suites: 43
  • Status: Completed
  • Built: 2010
  • Title To Land: Frhld/strata
  • Building Type: Strata
  • Strata Plan: VIS6974
  • Management company:  
  •  Bldg#: 8311

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Building Info

Stone Cliffe - 2319 Chilco Road, Victoria, BC V9B 6V5, Canada. Strata plan number VIS6974. Stone Cliffe has 43, 3-storey luxury townhouses that were built in 2010. Crossroads are Island Highway and Six Mile Road. Short drive to Mill Hill Regional Park, Thetis Lake Campground & Trailer Park, Millstream Creek, Crystal View Elementary, West Shore Dance Studio, Pacific Secondary School, Cooperative Preschool Assn Vancouver Island, Thrifty foods and House of Nutrition. Developed by Limona Group.

Strata Sub Categories: Strata

2319 Chilco Rd Technical Info

Building Name 2319 Chilco Rd
Address 2319 Chilco Rd
City View Royal
Neighborhood VR Six Mile
Listing Price Range N/A
Floors 3
Units in Development: 3
Units in Strata:43
Property Types Frhld/strata
Sub Categories:Strata
Year Built 2010
Developer Limona Group
Restrictions Details
Strata Plan VIS6974
Title to Land Frhld/strata

2319 Chilco Rd MLS® Listings And/Or Area MLS® Listings

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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 Promenade at the Quay 118 Carrie Cates North Vancouver 117 two and three bedroom homes 844 – 1290 square feet by Polygon Promenade at The Quay Homes Ltd
Lower Lonsdale in North Vancouver offers Promenade by PolyHomes.
Lower Lonsdale project a short SeaBus ride from downtown #LesTwarog
2017/01/14 The Vancouver Sun
2 BC Home Sales Post Record Year
BCREA sales report for BC real estate for 2016.
BCREA report for January 2017
2017/01/13 BCREA
3 BC HOUSING Second Mortgage Financing Guidelines
Complete guide on the government's assistance program for home purchases.
The BC Home Owner Mortgage and Equity Partnership assistance guidelines #LesTwarog
2017/01/13 other
4 BC sets real estate record
112,209 total residential homes sold in 2016 across BC. This is up 9,5% year-over-year.
2016 say highest sales on record #LesTwarog
2017/01/13 Mortgage Broker News
5 Stronger migration bolstering Victoria real estate
Migrants from other parts of the country are taking advantage of Victoria's strong fundamentals.
More demand then supply from migrants #LesTwarog
2017/01/13 REP
6 Brokerage releases annual real estate report
A price correction is expected in the major cities across Canada. A figure of 8.5% is being discussed.
Price correction is expected across the country #LesTwarog
2017/01/12 REP
7 Sub-prime lenders in risky lending deals
MIC loans are not regulated by new mortgage rules.
Unregulated Mortgage Investment Corporations avoid rules #LesTwarog
2017/01/12 Canadian Real Estate Wealth
8 Greater Vancouver Home Prices to Slide 8.5% in 2017: Royal LePage
The foreign tax and China's exchange rules may slow sales from abroad, but low supply will be the main driving force on home prices in 2017.
“As sanity returns to the marketplace” and foreign investment wanes, local
2017/01/12 REW
9 Home prices to drop almost 9% across Greater Vancouver: Royal LePage
Decreasing affordability and falling consumer confidence expected to contribute to cooling home prices in 2017.
Home prices to cool in 2017 #LesTwarog
2017/01/12 Vancouver Courier
10 Condo king Bob Rennie sues Vancouver developer, multi-billion-dollar pension funds for unpaid fees
Rennie Marketing Systems in suing Shape Properties Corp. for unpaid services related to the Brentwood development and the City of Lougheed.
Rennie seeks $16 million in suit against developer over alleged unpaid fees #L
2017/01/12 The Vancouver Sun
11 Imperial at 5051 Imperial Street Burnaby 169 one, two and three bedroom homes and 13 townhomes by Amacon Development
Imperial condo development brings in the designs that make luxury hotels luxurious.
Imperial’s condos feature sophisticated design work that aims to provide a g
2017/01/12 The Province
12 CMHC-insured mortgages keeping the national financial system afloat
A report by Kroll Bond Rating Agency stated that real estate is keeping the economy afloat.
The Canadian housing sector key to national economy #LesTwarot
2017/01/11 Mortgage Broker News
13 Foreign buyer’s tax played a major role in slowing down overseas entry - analyst
The BC Finance Ministry showed a decline in foreign investors in Vancouver real estate.
Overseas capital slowed into Vancouver real estate #LesTwarog
2017/01/11 Mortgage Broker News
14 Kelowna as one of B.C.’s most promising markets
Property assessment in Kelowna has increased by %16.
BC southern interior a desirable market #LesTwarog
2017/01/11 Mortgage Broker News
15 Balcony fine not binding
A court decision determined the bylaw invalid.
Bylaws deemed unenforceable #LesTwarog
2017/01/11 other
16 Burrard Place tower set to transform area
Burrard Place is a four tower complex; 2 mixed-use office / residential towers, a 13-storey rental office building and a 25-storey rental apartment building.
Residential and office complex will become city’s third-tallest building #LesTwarog
2017/01/11 The Vancouver Sun
17 Stricter Chinese money rules might stifle foreigner influx into Canada
Beginning this week the Chines government requires documentation providing details on the reasons for yuan conversion, and when the money will be used.
Chinese money exchange rules may have domino effect on foreigner dependent Can
2017/01/11 Canadian Real Estate Wealth
18 Update on Pemberton market
A short info page about Pemberton.
2016 Pemberton Market Review #LesTwarog
2017/01/10 other
19 Tight inventory will maintain price growth for Victoria
There is no evidence of a shift of foreign buyers purchasing homes in the Victoria Area.
Sales to be moderate in 2017 #LesTwarog
2017/01/10 REP
20 Threshold for B.C. homeowner grant raised to $1.6-million
After public outcry the BC government has raised the threshold for the home owners grant.
Homeowners grant limit upped to $1.6 million #LesTwarog
2017/01/10 The Globe and Mail
More News