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The Road to Real Estate Recovery in Victoria and BC

Real Estate Recovery in Victoria The Road to Real Estate Recovery in Victoria and BC

For the past few days we have talked and reported much about the need to find solutions opportunities and a shift in momentum and perception about real estate, the economy and society in general in and around Victoria BC

As if we had timed it,.... Today we did a short quick review of some of the news  (yes we used the regular media) and guess what;

Here are a few very exciting and good news reports for Victoria and BC that just jumped out at us:
Real Estate Recovery in Victoria

  1. A  $ 180,000,000 (180 million) Social and Affordable Housing initiative for the next 3 years shared between Federal, Provincial and some Municipal funding.
    1. this will generate a very impressive amount of solid jobs, and economic stimulation, 
    2. provide much needed affordable house for those that need it the most.
    3. Upgrade social housing inventory and quality of living for thousands of people.
    4. Reduce homelessness from our community and increase the wellbeing and pride in Victoria
  2. The Removal of the Johnson St. Rail Bridge  is nearing the stage of being awarded (the 1st. stage of the replacement and improvements for the New Bridge worth over $ 77 Million Dollars
    1. This essential infrastructure project needs to get going to provide employment, stability and continued access to all parts of our Greater Victoria Region.
  3. A $ 40,000,000 (40 million) support package over 30 years for the BC and largely Victoria Ship building Industry to compete for a $ 35 Billion (with a B) shipping contract that is to be announced soon from the Federal Government.
  4. The Potential for Victoria Ship Yards to be awarded substantial parts of the 35 billion (yes a B) contract in Canadian Navy and Coast Guard Vessels, 
    1. This is the largest Federal  ship building initiative ever. 
    2. The Economic impact of this contract would be huge for all of the BC lower Vancouver Island, Victoria and Lower Mainland Regions.
  5. With all this extra employment, economic activity and growth, the Victoria Real Estate Recovery will be not just a possibility, but a reality that is inevitable and sure to offer opportunity and prosperity for many savvy ant well timed investors and the Greater Victoria Community at large.Real Estate Recovery in Victoria

So if our Tally is correct, Victoria is looking at either committed and or potential economic stimulation and benefits of between $ 117,000,000 on the low side and in to the Big Billions on the high side in economic expansion and spending......

We would suggest that our Victoria Economic Road to Recovery has just started, and that the Real Estate Recovery in Victoria is Pfanntastic Opportunity that is very much a reality right now!!!.....


If you want to "Join the Victoria Real Estate Recovery Opportunity " and are considering to buy, sell, downsize, invest in or relocate to real estate in and around Greater Victoria, and want to know more about your area of choice, we also offer a Pfanntastic Web based Tool, that will keep you informed about Market activity (new listings, sales and adjustments) stats, graphs and a variety of additional handy tools for your benefit.

We call it Victoria Market Snapshot, and this amazing little tool will ask you a few questions, and will then provide you with a regular snapshot of the properties location (s) and activity by emailing you an instant access link to your FREE & totally personalized tool.

Victoria Real Estate Market SnapshotThis Pfanntastic Market Snapshot Service is Free, the information is Invaluable, and will provide great insight and assistance in achieving your real estate objectives.

Be sure to check it out. Victoria Real Estate Market WatchClick Here For Access to all the MLS listings in Greater Victoria, BC Canada,

 

 

 

 

Peter Pfann,

CPCA, ABR, SRES, E-Pro, IMSD, Master ASA, C-CREC, Associate Broker.

Text or Talk To Peter @: (1) 250 - 213 - 9490  

peterpfann@gmail.com  www.pfanntastic.com

Pfanntastic Properties in Victoria, BC, Canada, @ Fair  Realty Since 1986.

Regional office: 1540 Fort St Victoria, BC V8S 5J2

 

Comments

Wow! That is some really GREAT NEWS! You should start a GREAT NEWS group to post these kinds of posts in (hint, HINT!)

Posted by Joni Bailey, Your Huntsville / Lake Livingston Area REALTOR® (101 Main St. Realty) about 9 years ago

Peter and Linda - that is a whol lot of Go$$$$od news for the Victoria Economy especially the potential for the ship building industry.

Posted by Kathy Clulow, Trusted For Experience - Respected For Results (RE/MAX All-Stars Realty Inc. Brokerage) about 9 years ago

HI Joni,

Yes a great news group is an excellent Idea, and stay tuned as there is one already, so we may be able to use it ...

Thanks for the tip

Posted by Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986., Talk To or Text Peter 250-213-9490 (eXp Realty, Victoria BC www.pfanntastic.com) about 9 years ago

HI Kathy,

Very true, aswas thinking about this a little more.....

With Esquimalt being one of the bigger Navy bases in Canada, and new ships being build, this would also mean more DND members, more DND Services, More Ship maintenance, etc etc..

This is a very big Deal for Greater Victoria, and I am not at all surprised that the BC provincial Government is pujlling all the stops to get a big share of the contracts to our province...... Good for them and us...

 

Posted by Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986., Talk To or Text Peter 250-213-9490 (eXp Realty, Victoria BC www.pfanntastic.com) about 9 years ago

Peter and Linda,

This is exciting news and this bodes well for the recovery and the real estate market.

Brian

Posted by Brian Madigan, LL.B., Broker (RE/MAX West Realty Inc., Brokerage (Toronto)) about 9 years ago

Yes, You guys are off to a GREAT start sharing your Good News for Victoria and British Columbia. Thanks for initiating that new contest too.

Posted by Jerry Newman, Texas REALTOR, San Antonio Military Relocation (Brown Realty, 210-789-4216,www.JeremiahNewman.com) about 9 years ago

HI Brian,

Thank you for your feedback, and yes we know that the recovery has started with these type of initiatives and the confidence and perceptions of the general public will gain more and more momentum, here in Victoria and accross the continent.

Posted by Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986., Talk To or Text Peter 250-213-9490 (eXp Realty, Victoria BC www.pfanntastic.com) about 9 years ago

HI Jerry,

Thank you for your kind words, and yes for Greater Victoria and our community we can honestly say that we are on the road to recovery, and within a year or so we will see some real economic rallies .....;)

Posted by Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986., Talk To or Text Peter 250-213-9490 (eXp Realty, Victoria BC www.pfanntastic.com) about 9 years ago

Great post Peter & Linda, That kind of good news is always welcome.

Posted by Al Raymondi, Ormond By The Sea Florida - Home and Condo Sales (Ocean View Realty Group in Ormond By The Sea Florida) about 9 years ago

Pfanntastic post Peter and Linda, it is great waking up to posts like this =)

Posted by Chris Smith, South Simcoe, Caledon, King, Orangeville Real Esta (Re/Max Chay Realty Inc., Brokerage) about 9 years ago

HI Al,

It is great to see that there are initiatives out there that will generate work both in buiding products, but also build the community and its work force.

Hi Chris,

We know it sound unbelieveable, but we did not plan it so that the governments would launch these good news announcements  to line up with the beginning of the good news contest ;0)

Posted by Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986., Talk To or Text Peter 250-213-9490 (eXp Realty, Victoria BC www.pfanntastic.com) about 9 years ago

This is great news for Victoria indeed Peter and Linda. Strap yourself in, things are speeding up.

Posted by Malcolm Johnston, Trenton Real Estate (Century 21 Lanthorn Real Estate LTD., Trenton, Ontario) about 9 years ago

Hi Malcolm,

We hop you will share your local real estate recovery news from Trenton as well in the rain and our challange to show the world that real estate is on the mend from coast to coast.

Posted by Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986., Talk To or Text Peter 250-213-9490 (eXp Realty, Victoria BC www.pfanntastic.com) about 9 years ago

Peter/Linda, Looks like great news for this popular destination. This is certainly Real Estate Recovery happening now!

Posted by Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Home and Condo Specialists (The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803) about 9 years ago

Hi Larry and Sheila,

thank you for visiting and yes we are very excited about the future of Greater Victoria and Real Estate in general for our community.

Posted by Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986., Talk To or Text Peter 250-213-9490 (eXp Realty, Victoria BC www.pfanntastic.com) about 9 years ago

Dear Linda and Peter,

Is this your own personal first entry in the contest?
Of as the "starters" are you blocked from participating?

Have a happy day -
Lynn

Posted by Lynn B. Friedman, Concierge Service for Our Atlanta Sellers & Buyers (Atlanta Homes ODAT Realty Call/Text 404-939-2727 Buckhead - Midtown - Westside -- and more ...) about 9 years ago

HI Lynn,

This is our  first real estate recovery report for Victoria, we will not compete for the contest, but we do have lots of signs of recovery to share and want to do so not just to our victoria Readers, but also to the members in Active Rain for inspiration and indication that we are on the way up and our of the dark.....

Posted by Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986., Talk To or Text Peter 250-213-9490 (eXp Realty, Victoria BC www.pfanntastic.com) about 9 years ago

Participate