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You are here: BC > Saanich East > SE Arbutus > 2200 Arbutus Cove Lane > Arbutus Cove
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Building & Condo information

Arbutus Cove

2200 Arbutus Cove Lane, Saanich East, V8N 6J9SE0165 - SE Arbutus

  • Levels: 2
  • Suites: 18
  • Status: Completed
  • Built: 1991
  • Title To Land: Frhld/strata
  • Building Type: Strata
  • Management company:  Strata Council
  •  Bldg#: 8580

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Building Info

Arbutus Cove at 2200 Arbutus Cove Lane, Victoria, BC V8N 3Y3, Canada.  A 2-level 18 units townhouse development was built in 1991.  Arbutus Cove townhouse development in the highly desirable Arbutus area of Saanich East.  Overlooking Haro Straits and  San Juan Island.  Close to university, bus,  Cadboro Bay Village, University of Victoria, and just a few  steps to the beach. 

Crossroads are Arbutus Cove Lane and Gordon Head Road.  Maintenance fees include building insurance, water and yard maintenance.  Managed by Strata Council.

Strata Sub Categories: Strata

Arbutus Cove Technical Info

Building Name Arbutus Cove
Address 2200 Arbutus Cove Lane
City Saanich East
Neighborhood SE Arbutus
Listing Price Range N/A
Floors 2
Units in Development: 2
Units in Strata:18
Property Types Frhld/strata
Sub Categories:Strata
Year Built 1991
ManagementStrata Council
Restrictions Details
Title to Land Frhld/strata
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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 Foreign buyers double in month in Victoria-area housing market
Sales to foreign buyers in the Victoria area jumped to 6.3 percent in October.
Foreign buyers switched to Victoria #LesTwarog
2016/12/01 The Vancouver Sun
2 New tribunal aims to streamline resolutions for strata disputes
Tony further explains the Civil Resolution Tribuanal of B.C.
Tribunal to help resolve strata disputes
2016/12/01 The Province
3 Allwood Place 2800 Allwood Street Abbotsford 32 townhomes plus the Alder Club in the 1st phase of 224 townhouses total by The Onni Group
Allwood Place show home interior by Dianna Sung is highlighted.
Shapes provide building blocks for decor of Onni Group’s townhomes in Abbots
2016/12/01 The Province
4 6 ways safety influences Chinese when investing abroad
Chinese buyers put safety at the top of their agenda when making a purchase.
Chinese buyers will put an estimated $220 billion into overseas property by 20
2016/12/01 other
5 Foreign ownership still low says CMHC
Foreign owners prefer newer and larger condo complexes.
Foreign ownership is one factor influencing the Canadian real estate market #L
2016/12/01 REP
6 Forecasts and foreclosures: What does newest Metro Vancouver real estate prediction mean?
Owners who can't pay the mortgage in a hot market can sell or refinance. But when prices drop foreclosures go up.
Foreclosures are governed by the rise and fall of real estate prices
2016/11/30 The Province
7 B.C. home prices expected to drop
The average home price is predicted to drop 6.4 percent in 2017.
Industry association’s chief economist points to foreign buyer tax as one fa
2016/11/30 The Province
8 BC Home Sales to Decline in 2017 from Record Pace
The British Columbia Real Estate Association (BCREA) released its 2016 Fourth Quarter Housing Forecast.
BCREA 2016 Fourth Quarter Housing Forecast #LesTwarog
2016/11/29 BCREA
9 Airbnb, New York settle suit on short-term sublet law
The new law in NYC restricts short-term rentals in the city. Airbnb can't advertise rentals shorter then 30 days. If they do there is a $7500 fine.
New York City bands short-term rentals
2016/11/28 other
10 Triomphe 1904 Gilmore Avenue Burnaby 340 homes in a 46 storey tower by Millennium Development Group
Triomphe is one block from the city limit of Vancouver. Ideal for first time buyers.
‘This is as close to Vancouver as you can get without paying Vancouver price
2016/11/26 The Vancouver Sun
11 What happens when there is a fire before the property completes
Things to consider if fire damages a home before completion; factors include the law, facts, contract terms and the parties' conduct.
When disaster strikes #LesTwarog
2016/11/25 BCREA
12 Connaught 3230 Connaught Crescent at Edgemont Village North Vancouver 23 townhomes and 59 condos by Grosvenor Developments
Some features of Connaught are outlined.
Connaught to take its place in North Vancouver’s charming Edgemont Village #
2016/11/24 The Province
13 On B.C.’s farmland, mega-mansions and speculators reap the rewards of lucrative tax breaks
Richmond, Delta, Fraser Valley loosing farmland to investors building mega houses on agriculture land.
Investors and speculators are taking prime agricultural land out of production
2016/11/23 The Globe and Mail
14 A comprehensive analysis of the multifamily real estate market in Metropolitan Vancouver
Third quarter report on the Metro Vancouver Housing Market.
The multifamily residential real estate market in Metro Vancouver #LesTwarog
2016/11/23 other
15 Five things that have altered our understanding of the real estate market
Overview: mortages increased, new mortgage rules, change in tax rebate, Vancouver market sluggish, Calgary stable.
A lot can change in six months #LesTwarog
2016/11/21 Mortgage Broker News
16 The Columbia at Brewery District 285 Nelson’s Court New Westminster 242 homes in a 26-storey tower by Wesgroup Properties
The Brewery District in the Sapperton area of New Westminster has a new building which will be completed in 2019 called The Columbia.
The Columbia boosts residential stock at the Brewery District #LesTwarog
2016/11/19 The Vancouver Sun
17 Victoria moves swiftly on housing fund
The government has targeted cities around the province for new buildings for affordable housing.
Nearly all of $500M earmarked for affordable suites has been allocated #LesTwarog
2016/11/19 The Vancouver Sun
18 Plan for giant buildings in Chinatown comes under fire
Chinatown's historic district is along Pender from Carrall to Gore. Outside that area is prime for developers.
Proposal to allow structures up to 200 feet wide ‘comes out of the blue’ #
2016/11/19 The Vancouver Sun
19 A step-by-step guide for managing strata improvements
Tony outlines the deprecation report
Follow this step-by-step guide to manage strata improvements #LesTwarog
2016/11/17 The Province
20 The City of Lougheed 9855 Austin Road Burnaby 500 homes in Tower One a 55-storey highrise by Shape Properties
Tower One at The City of Lougheed is a 55-storey tower with over 500 homes.
Colour schemes include warm and sultry, dark and sexy or white and bright #LesTwarog
2016/11/17 The Province
More News