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Building & Condo information

The Falls

708 Burdett Ave
Victoria, V8W 0A8 VI0015 - Downtown

  • Levels: 14
  • Suites: 155
  • Status: Completed
  • Built: 2009
  • Title To Land: Frhld/strata
  • Building Type: Strata
  • Strata Plan: VIS6797
  • Bldg#: 12693

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The Falls MLS® Listings

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Building Info

708 Burdett Avenue, Victoria, BC V8W 2B9, Canada. Strata Plan VIS6797.  Crossroads are Burdett Avenue and Douglas Street located in the Downtown neighborhood in Victoria. This development is 14 storeys with 155 units apartment Hi-Rise. Built in 2009. Maintenance fees includes building insurance, caretaker, garbage pickup, gas, hot water, management, rec facility and water. This apartment is in the Downtown neighborhood in Victoria. Nearby parks include Pioneer Square, Quadra Park and Reeson Park. Nearby  Schools are Pacific School of Innovation and Inquiry, Christ Church Cathedral School, Saferway Driver School Ltd., George Jay Elementary School, Elizabeth Buckley, St. Patrick's Elementary School, Glenlyon Norfolk School - Middle and Senior Schools. Supermarkets and Grocery Stores nearby are Fisgard Market Ltd, Quonley's Gifts & Grocery, Birdcage confectionary, Seven Valley Fine Food & Deli, Filipino Mart and Oceanic Market. Short drive to downtown area, Oakbay  and Willows.

Strata Sub Categories: Strata
 

The Falls Technical Info

Building Name The Falls
Address 708 Burdett Ave
City Victoria
Neighborhood Downtown
Floors 14
Units in Development: 59
Units in Strata:155
Property Types Frhld/strata
Sub Categories:Strata
Year Built 2009
Restrictions Details
Strata Plan VIS6797
Title to Land Frhld/strata
  

The Falls Building & Common Area Photos

708 Burdett Ave, Victoria, BC
708 Burdett Ave, Victoria, BC
708 Burdett Ave, Victoria, BC
708 Burdett Ave, Victoria, BC

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

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Other Buildings in Complex/Area

  1. A The Falls - 707 Courtney STREET - VIS6797
  2. B Aria - 737 Humboldt STREET - VIS6606
  3. C Astoria - 751 Fairfield RD - VIP74596
  4. D The Magnolia Hotel and Spa - 623 Courtney STREET - VIS4624
  5. E The SoMA - 732 Broughton STREET - VIS6827
  6. F The Belvedere - 788 Humboldt ST - VIS6102
  7. G Chatsworth House - 819 Burdett AVE - VIS1350
  8. H Savoy - 777 Blanshard ST - VIS183
  9. I The Cherry Bank - 824 Rupert TERR - VIP82623
  10. J Duet - 640 Michigan STREET - EPS741
  11. K The Sovereign - 608 Broughton STREET - EPS1336
  12. L Customs House - 816 Government STREET -
  13. M The City Place - 827 Fairfield RD - VIS5622
  14. N The City Place - 317 Fairfield RD - VIS5622
  15. O The Parkside - 810 Humboldt ST - VIS6830
  16. P The Cherry Bank - 828 Rupert TERR - VIS6791
  17. Q The Metropolitan - 835 View ST - VIS3578
  18. R Era - 728 Yates STREET - EPS2516
View All Buildings in Victoria

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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