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Building & Condo information

Rainbow Hill

4014 Rainbow Street
Saanich West, V8X 5M2 SW0300 - SW Marigold

Official Website: rainbowhill.ca Marketers Website: www.sothebysrealty.ca/contact.html
  • Levels: 3
  • Suites: 12
  • Status: Completed
  • Building Type: Strata
  • Strata Plan: VIP86255
  • Bldg#: 11565

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Rainbow Hill MLS® Listings

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Building Info

Rainbow Hill - 4014 Rainbow Street, Saanich, BC V8X 5M2, Canada. Street plan number VIP86255. Crossroads are McKenzie Avenue and Blackberry Road. Rainbow Hill features 12, 3 stories townhomes. Developed by Aplomado Developments Ltd.. Architecture by Praxis Architects Inc.. Interior design by Zebra Design.

Nearby parks include Rainbow Ridge Park, Rainbow Park and Christmas Hill Nature Sanctuary. The closest schools are Saint Andrew's Regional High, North Douglas Preschool, Reynolds Secondary, Rogers Elementary, Pacific Christian School and Glanford Middle School. Nearby grocery stores are Thrifty Foods, Glanford Grocery and Red Barn Market.

Sales Centre: www.sothebysrealty.ca/contact.html
Official Website: rainbowhill.ca
Phone: 250.532.0888
Email: astephenson@sothebysrealty.ca
Strata Sub Categories: Strata
 

Rainbow Hill Technical Info

Building Name Rainbow Hill
Address 4014 Rainbow Street
City Saanich West
Neighborhood SW Marigold
Floors 3
Units in Development: 12
Units in Strata:12
Sub Categories:Strata
Year Built 0000
Architect Name PRAXIS Architects In
Architect Phone 250-475-2702
Architect Email prax@telus.net
Designer Zebra Design and Interiors Group
Official Website rainbowhill.ca/
Restrictions Details
Strata Plan VIP86255
  

Rainbow Hill Maps (Google, Google Street View, Bing Aerial View, Area Condos, Walk Score)

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Other Buildings in Complex/Area

  1. A Rainbow Hill - 4045 Rainbow ST -
  2. B Lyra - 4027 Rainbow STREET - VIP89128
  3. C Christmas Hill - 4068 Blackberry LANE - VIS4622
  4. D Christmas Hill - 4073 Blackberry LANE - VIS4455
  5. E 759 Sanctuary Crt - 759 Sanctuary CRT - VIP75457
  6. F Christmas Hill Green - 4052 Douglas STREET -
  7. G 4079 Douglas St - 4079 Douglas ST - VIS5581
  8. H Christmas Hill - 881 Nicholson ST -
  9. I Lakeside Place - 3981 Nelthorpe ST -
  10. J 4085 Douglas St - 4085 Douglas ST - VIS5581
View All Buildings in Saanich West

Area Rentals From Craigslist

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Area Rentals From Padmapper

Victoria Real Estate Board Update

Victoria Real Estate Market wraps up a relatively flat year for home sales

 

January 2, 2020  A total of 402 properties sold in the Victoria Real Estate Board region this December, 7.2 per cent more than the 375 properties sold in December 2018 and a 30.3 per cent decrease from November 2019. Sales of condominiums were up 17.5 per cent from December 2018 with 121 units sold. Sales of single family homes increased 13.8 per cent from December 2018 with 198 sold.

A grand total of 7,255 properties sold over the course of 2019, 1.47 percent more than the 7,150 that sold in 2018. 2019 sales came in at slightly under the ten-year average of 7,413 properties sold.

"Overall, our market throughout 2019 can be characterized as still active, slow to grow and low in supply," says 2019 Victoria Real Estate Board President Cheryl Woolley. "Last year we saw many prospective buyers sit on the sidelines waiting for inventory to be added. As a result of this unmet demand, there was and continues to be a push from consumers to create townhomes and condos at accessible price points. We began 2019 discussing the potential impact of various taxes and lending rules introduced by the federal and provincial governments that were designed to calm housing market activity - although this activity had already begun to slow following our hyper-active market in 2016/17. The most impactful government change we saw was the tighter mortgage lending rules, which lowered consumer borrowing power and made many unable to qualify for the value of mortgages they had in the past, therefore compressing more demand into our mid- and lower-priced property market."

There were 1,952 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of December 2019, a decrease of 18.6 per cent compared to the month of November and a 1.8 per cent decrease from the 1,988 active listings for sale at the end of December 2018.

"Constant demand on this middle housing segment has put a moderate amount of pressure on pricing," adds Woolley. "And although we did not see huge price increases though 2019 like we did in the run up through 2016, we do see buyers entering into multiple offer situations and competing for properties. The high end of the market - over $1.5 million - has been softer, which is nice for a very small percentage of buyers in our area, but difficult on sellers who have seen some equity erode. The theme heading into 2020 does for now appear to be the limited selection of single-family homes and growth in pressure for more condos and townhomes. What remains consistent is that in this complex market, buyers and sellers value the assistance of their REALTOR® to navigate one of the biggest purchases most will make in their lifetime."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in December 2018 was $860,400. The benchmark value for the same home in December 2019 decreased by 0.6 per cent to $855,000, slightly less than November’s value of $855,400. The MLS® HPI benchmark value for a condominium in the Victoria Core area in December.

2018 was $503,000, while the benchmark value for the same condominium in December 2019 increased by 3.5 per cent to $520,700, slightly more than the November value of $517,000.

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 1,380 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

 

Frank Rudge October 2017 VREB Report

Frank Rudge Victoria Market Report for May 2017

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

# Article Publish Date Source
1 Victoria poised to become a sellers' market in 2020
Victoria's housing market is expected to be favourable for home sellers next year, according to the latest outlook by RE/MAX. While conditions are likely to be balanced as 2020 unfolds, RE/MAX said the conditions in the British Columbian capital are expected to lean towards a sellers' market. In fact, the region's average sale price is projected to increase by 3% to $698,661 over the next 12 months as demand remains high and supply remains limited. "Housing affordability continues to challenge buyers in this region when it comes to homeownership and rentals due to lack of supply. Demand for condos continues to rise as many first-time homebuyers can afford this property type," RE/MAX said. Neighbourhoods in the south, such as Fairfield, Rockland, Gonzales, James, and Downtown, are poised to be property hotspots next year due to high demand. In terms of growth in sales prices, the top Victorian neighbourhoods are Saanich, Langford, Oak Bay, and Sidney. First-time and move-up buyers are expected to drive the demand for property types such as condominiums, two-storey detached homes, and townhouses, according to RE/MAX. Copyright © 2019 Key Media Pty Ltd
Victoria real estate market leaning towards a sellers’ market
2019/12/05 Canadian Real Estate Wealth
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