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Building & Condo information

Doral Forest Park - Building A

4734 Elk Lake Drive


Victoria, V8Z 5M2

Developers Website: www.gericconstruction.com
  • Levels: 11
  • Suites: 242
  • Status: Under Construction
  • Building Type: Strata Condos
  • Bldg#: 16194

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Doral Forest Park - Building A MLS® Listings

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Building Info

Doral Forest Park at 4734 Elk Lake Dr, Victoria, BC V8Z 5M2, Canada. Located at Elk Lake Drive & Marsett Place. This is a new condo development by Mike Geric Construction. Comprise of 242 elegant units and 11 stories. Homes range from studios to 3-bedrooms and include 43 below-market units. Enjoy your daily life style with recreation facilities. Close to shopping needs at the 31 stores, restaurants, and services of Broadmead Village Shopping Centre. With nearby cycling trails, regular transit service between Swartz Bay and downtown Victoria, and two resident electric share cars, car-free living doesnt have to be limiting.

Strata Sub Categories: Strata Condos
 

Doral Forest Park - Building A Technical Info

Building Name Doral Forest Park - Building A
Address 4734 Elk Lake Drive
City Victoria
Floors 11
Units in Development: 242
Units in Strata:242
Sub Categories:Strata Condos
Year Built 0000
Developer Mike Geric Construction Ltd.
Architect Name D'Ambrosio Architect
Architect Phone 250-384-2400
Architect Email mail@fdarc.ca
Restrictions Details
  

Doral Forest Park - Building A Building & Common Area Photos

Doral Forest Park - Building A Maps (Google, Google Street View, Bing Aerial View, Area Condos, Walk Score)

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Victoria Real Estate Board Update

No change on the horizon for the Victoria real estate market

 

December 1, 2021  

A total of 653 properties sold in the Victoria Real Estate Board region this November, 17.9 per cent fewer than the 795 properties sold in November 2020 and 12.3 per cent fewer than the previous month of October. 236 condominiums sold, 5.2 per cent fewer than in the previous month of October. 276 single family homes sold, 18.6 per cent fewer than in the previous month of October.

"Strong demand for housing in our community continues to exceed the ultra-low number of listings of homes available for sale," said Victoria Real Estate Board President David Langlois. "This demand creates competition and pressure on pricing and we continue to see home values notch up. At this moment in time, there are fewer than 600 residential properties for sale in our market."

There were 887 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of November 2021, 51.1 per cent fewer properties than the 1,813 available at the end of November 2020 and 14.4 per cent fewer properties than the 1,036 active listings for sale at the end of October 2021.

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in November 2020 was $903,700. The benchmark value for the same home in November 2021 increased by 24.2 per cent to $1,122,600, a 1.7 per cent increase from the previous month of October. The MLS® HPI benchmark value for a condominium in the Victoria Core in November 2020 was $485,100, while the benchmark value for the same condominium in November 2021 increased by 15.6 per cent to $560,700.

"Only with strong measures around supply will we see a lift in the pressures on our housing market," added President Langlois. "Governments continue to try to intervene by using demand side measures, such as the province announcing their plan to introduce a 'cooling off' period for resale homes. This concept was delivered without industry consultation or supporting data. Introducing measures that add uncertainty to the marketplace fails to address the issues of supply and attainability in our community - and threatens to make the supply situation worse. A cooling off period will not increase consumer protection - in fact many of the unintended consequences of such a policy could decrease protection for both buyers and sellers. The housing market is complex and policy must be evidence-based and designed for all types of markets – not to react to a moment in time. The government needs to sharpen their focus on the issue that has been documented for years – that a consistent delay in the delivery of homes to meet the needs of our growing population has created housing gridlock."

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 1,527 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

 

NOVEMBER 2021 | Real Estate Market Update | Santa Clara County | Heather Lange Homes

Victoria BC Real Estate Stats - August 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.

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.