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Building & Condo information

The Sterling

2349 James White Blvd


Sidney, V8L 1Z7 SI0714 - SI Sidney

  • Levels: 3
  • Suites: 17
  • Status: Completed
  • Built: 1994
  • Title To Land: Frhld/strata
  • Building Type: Strata
  • Strata Plan: VIS03215
  • Bldg#: 12237

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The Sterling MLS® Listings

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Building Info

The Sterling, 2349 James White Blvd, Sidney, V8L 1Z7 is located in SI Sidney of Sidney. The Sterling has 17 Units and 3 Levels. This building was built in 1994. There are 0 active listings in The Sterling. Building features include elevator.
Strata Sub Categories: Strata
 

The Sterling Technical Info

Building Name The Sterling
Address 2349 James White Blvd
City Sidney
Neighborhood SI Sidney
Listing Price Range N/A
Floors 3
Units in Development: 12
Units in Strata:17
Property Types Frhld/strata
Sub Categories:Strata
Year Built 1994
Restrictions Details
Strata Plan VIS03215
Title to Land Frhld/strata
  

The Sterling Maps (Google, Google Street View, Bing Aerial View, Area Condos, Walk Score)

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Victoria Real Estate Board Update

Victoria housing market continues to adapt to long-term lack of supply

 

September 1, 2021 A total of 831 properties sold in the Victoria Real Estate Board region this August, 15.1 per cent fewer than the 979 properties sold in August 2020 and 0.5 per cent fewer than the previous month of July. Condominium sales were up 31.7 per cent from August 2020 with 345 units sold. 21.5 per cent more condominiums sold in August 2021 than in the previous month of July. Sales of single family homes were down 29.9 per cent from August 2020 with 357 sold. 9.8 per cent fewer single family homes sold in August 2021 than in the previous month of July.

"Year over year numbers might indicate a slowing of our market, but there are two important factors to consider," said Victoria Real Estate Board President David Langlois. "The first is that our market is starved for inventory. It should come as no surprise that with half the available inventory of last August we sold fewer homes this August. Without the significant lack of inventory we're experiencing, sales would most certainly have been comparable to, if not greater than, last August. The second factor is that the previous ten-year running average for sales in the month of August is 675 properties, so with 831 properties changing hands this August, it is clear that our market remains very robust and that lack of supply is the biggest issue impacting attainability for our community.”

There were 1,120 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of August 2021, 56.7 per cent fewer properties than the 2,584 available at the end of August 2020 and 11.8 per cent fewer than the 1,270 active listings for sale at the end of July 2021.

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in August 2020 was $889,800. The benchmark value for the same home in August 2021 increased by 22.4 per cent to $1,089,400, a 0.7 per cent increase from the previous month of July. The MLS® HPI benchmark value for a condominium in the Victoria Core in August 2020 was $483,400, while the benchmark value for the same condominium in August 2021 was $540,600, an 11.8 per cent increase.

"The federal election will focus on each party's proposed policies and programs for housing," added Langlois. "The primary issue for housing attainability has been and remains one of supply. While increasing a consumer's ability to pay through tax free savings accounts, extended mortgage terms, or altering stress test provisions may assist some buyers to obtain housing, it will do nothing to slow the price appreciation that the systemic lack of housing supply continues to fuel. Specific commitments such as incentivising municipalities with infrastructure grants for density improvements, increasing on-campus housing, supporting co-op and leasehold developments and utilizing surplus federal lands to directly add to housing stock can all provide a path to more supply. Debates about bidding processes and foreign buyers do not offer material solutions to improve supply nor the attainability of housing. The municipal, provincial and federal governments' failure to support real growth and diversity in housing stocks has created the market conditions we find ourselves in today. Housing policy matters and we hope that all voters consider what each party proposes and the potential impact to our market."

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 1,456 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 BC Real Estate Stats - August 2021

Victoria Real Estate Market Update - August 5, 2021

Inventory is down.

Frank Rudge October 2017 VREB Report

Sales for October down 10% from last year. Listing are down 3% from September.

Frank Rudge Victoria Market Report for May 2017

Sales were down 22% for may over last year. Listings are up 12% from last year.

Victoria News articles Search Victoria News 

# Article Publish Date Source
1 Vancouver Island real estate continue to rise quickly month over month
In what was one of the less pleasant summers we’ve had here in British Columbia, full of heatwaves, moths, and forest fires like we’ve never seen before, one part of the province fueled plenty of interest from home seekers. From top to bottom, Vancouver Island saw a major uptick in real estate searches on REW.ca this summer, as month over month queries continue to rise quickly.  Interest in property on Vancouver Island isn’t contained to home seekers on the island itself. Many Greater Vancouver residents are showing interest in cities like Nanaimo and Victoria as well. After a summer full of fires in the Interior, Vancouver Island is looking more attractive than ever for Lower Mainland residents looking for vacation properties and second homes.  Decreased supply While interest and prices may be rising, one of the most notable trends taking place on Vancouver Island is the limited supply of housing. There were 51% fewer homes on the market in August 2021 on Vancouver Island than in the year prior, with major cities like Victoria having 57.8% less inventory.  According to the BCREA, sales are returning to normal, while supply is hitting record lows. This is a trend taking shape right across Canada, with all of the major political parties running for office promising to take on the lack of supply.  The recent uptick in search activity should come as no surprise to those who already live on Vancouver Island. The area is less busy, less densely populated, and arguably every bit as stunning as Vancouver, BC. Residential home prices also continue to be more affordable on Vancouver Island compared to Greater Vancouver. Last month, the average residential price of a home in Greater Vancouver was $1,174,176, compared to $695,085 on Vancouver Island in general and $875,711 in Victoria.  Rising prices Though the average residential price of a home on Vancouver Island in general and Victoria specifically are both under the provincial average in British Columbia, prices are still rising steadily. Over the last 12 months, no region in BC has seen a more significant percentage increase in home prices than Vancouver Island, with prices on residential homes jumping 29.5% year over year. Outside of Vancouver Island, Kamloops and Chilliwack are the only other areas that have seen price growth of over 20%.  What might be most surprising to investors and home seekers is the increase in interest for Vancouver Island’s less populated cities. One might expect to see Nanaimo and Victoria draw more queries on REW, but there’s an equal amount of search growth in smaller markets like Parksville, Ladysmith, and Sooke. Of the top ten largest cities on Vancouver Island, all ten have seen an increase in search queries on REW this summer. The most popular cities (in order from most search volume to least) are as follows: Nanaimo, Victoria, Campbell River, Courtenay, Parksville, Sooke, Duncan, Port Alberni, Ladysmith, and Port Hardy. Each of these ten cities has its own benefits to offer home seekers, whether it be a slower lifestyle for remote workers in Duncan or a vibrant city full of culture and charm like Victoria. There’s something for every kind of home seeker on Vancouver Island.  Plenty of reasons to draw attention  In addition to the island being more affordable than Greater Vancouver in general, there are plenty of other reasons why BC residents might be interested in a move to Vancouver Island. Whether it’s for school, work, investment, or just a change of pace, here are a few of the biggest draws.  1. Remarkable natural beauty Vancouver Island is without a doubt one of the most beautiful places in Canada, with incredible rainforests and views of the ocean at every turn.  2. Outdoor activities in all seasons   Milder temperatures mean outdoor adventure year-round. Caving, rafting, fishing, hiking, sailing, and mountain biking are some of the most popular outdoor activities on the island, and people here take full advantage of them all. You’ll likely find yourself partaking in many of these activities if you make the move.  3. The lifestyle   As the return to work slowly rolls out across BC, Vancouver Island’s shorter commute times and less traffic, in general, are becoming a major advantage for residents. No one is looking forward to more time on the road, and less traffic means you’ll typically get to where you need to go faster on the island.  In general, life is just a little bit more relaxed here. If nothing else, the more affordable home prices compared to Greater Vancouver will allow you to relax at least a bit.  4. Food and drink options  The culinary scene on Vancouver Island is phenomenal. Farm-to-table restaurants, breweries, distilleries, wineries, cideries, and farmer’s markets can be found across the island, so you won’t be disappointed if you’re coming from a city with good food and drink options. There is almost as much to explore indoors as there is outdoors.  5. Friendly people  It’s probably the benefits listed above that make the locals so friendly. How could you not be in a place with this much to do? Vancouver Island communities are quick to welcome new residents without hesitation.  6. Proximity to Vancouver  At the end of the day, Greater Vancouver residents know that cities like Victoria are just a quick ferry or floatplane ride away from the Lower Mainland, which makes a move to Vancouver Island less intimidating than other potential cities. Leaving family and friends behind isn’t so daunting when you know you can get on a ferry in Swartz Bay and be in Tsawassen in 90 minutes.  An unprecedented start to 2021 still has BC on track to set all kinds of records this year, and though sales have slowed, the interest in specific areas like Vancouver Island could be indicators that demand is still trending upward. With limited supply and interest rates remaining depressed, we could see prices continue to rise on Vancouver Island in the months to come. © 2021 REW
Vancouver Island Real Estate Searches See Major Uptick
2021/09/17 REW
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