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Building & Condo information

4027 Rainbow St

4027 Rainbow St
Saanich East, V8X 2A8 SE0205 - SE High Quadra

  • Levels: 8
  • Suites: 39
  • Status: Completed
  • Built: 2018
  • Title To Land: Frhld/strata
  • Strata Plan: VIP89128
  • Bldg#: 14035

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Building Info

4027 Rainbow St, 4027 Rainbow St, Saanich East, V8X 2A8 is located in SE High Quadra of Saanich East. 4027 Rainbow St has 39 Units and 8 Levels. This building was built in 2018. There are 0 active listings in 4027 Rainbow St. Building features include meeting room.

4027 Rainbow St Technical Info

Building Name 4027 Rainbow St
Address 4027 Rainbow St
City Saanich East
Neighborhood SE High Quadra
Listing Price Range N/A
Floors 8
Units in Development: 39
Units in Strata:39
Property Types Frhld/strata
Year Built 2018
Restrictions Details
Strata Plan VIP89128
Title to Land Frhld/strata

4027 Rainbow St MLS® Listings And/Or Area MLS® Listings

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4027 Rainbow St Maps (Google, Google Street View, Bing Aerial View, Area Condos, Walk Score)

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Area Rentals From Craigslist

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Area Rentals From Padmapper

Victoria Real Estate Board Update

Victoria Real Estate Market Slowly Stabilizing after a Record Breaking 2016

 

November 1, 2017 A total of 664 properties sold in the Victoria Real Estate Board region this October, 9.7 per cent fewer than the 735 properties sold in October last year.

"As expected, we saw fewer sales than this time last year," notes Victoria Real Estate Board President Ara Balabanian. "Looking at the longer term picture however, sales last month were 17.1 per cent above the ten year average of 567 properties for the month of October, so the market is still very active here in Victoria, and this is in spite of the ongoing low inventory levels."

There were 1,905 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of October 2017, a decrease of 3.6 per cent compared to the month of September and 1.7 per cent fewer than the 1,938 active listings for sale at the end of October 2016.

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in October 2016 was $752,000. The benchmark value for the same home in October 2017 has increased by 9.3 per cent to $821,900, but is lower than July's value of $834,200.

"The fact that we've seen such a controlled levelling off in the market directly following a year which felt so uncontrollable in terms of demand and pressure on prices illustrates the depth and stability of the Victoria market. An unstable market may have experienced a heavy correction or shift, whereas in our market sales are moderating at a reasonable rate." adds President Balabanian. "In the coming months we expect to see less inventory on the market, because the year end changes buyer and seller behaviours, their focus shifts to holidays and winter weather. One unknown influence that may play on the winter market is the upcoming mortgage stress test. Some buyers may move their purchasing timelines forward to make their home purchases before the stress test on uninsured buyers (those with a downpayment of 20 per cent or more) becomes required January 1."

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 1,364 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 Home Sales See “Controlled Levelling-Off”
Home sales in Victoria dropped 10.5% in October compared to the same month last year.
Benchmark prices remain robust as market cooldown slows, “illustrating stabi
2017/11/01 REW
2 Luxury segment fluctuating in GTA, Victoria and Vancouver
The luxury market is booming in GTA up 85% year-over-year. Victoria has also seen an increase in luxury homes sales. Vancouver has dropped 32% but still is a prime market.
Luxury segment fluctuating across Canada #LesTwarog
2017/09/29 REP
3 Sales of $1 million condos up 85% in one Canadian market
Victoria saw an increase is luxury home sales while Vancouver's sales were down 32%.
Sales of $1 million condos up 85% in one Canadian market #LesTwarog
2017/09/28 REP
4 New BC Energy Step Code proves costly
The BC Energy Step Code for improved energy efficiency is set to start December 1, 2017
The new building code amendment will add up to 80,000 to the cost of a new sin
2017/09/26 Western Investor
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