All posts by Lorne Gait

Vancouver Island Real Estate Market Update August 2022

Vancouver Island Real Estate Market Update August 2022

Realtor and Associate Broker Lorne Gait has just prepared for you this Vancouver Island Real Estate Market update August 2022. 

Market Update Vancouver Island

Lorne is a professional working in the mid Vancouver Island area,  He is based out of the Royal LePage Nanaimo Realty office in Ladysmith, BC.  Because of his many years of experience, he can help you with Real Estate needs from Victoria through Campbell River.  Let’s get in touch and talk about your Real Estate Needs . . . Lorne at 250-618-0680.

Vancouver Island Real Estate Board Statistics analysis

The Vancouver Island Real Estate Board also has its own Vancouver Island market Update to the end of July, 2022. This article is well worth reading.  Check it out: VIREB ANALYSIS.

Summary Thoughts

The Real Estate for Nanaimo likely hit a high in January / February 2022.  For Cowichan, we likely hit a high in April/May.  These highs were reflected in the average sell price and in the median sell price.  The average sell price is the average of all homes.  The median is the middle home of those sold.   

Since we reached the highs, the market has declined in price.  In  January 2022 the Nanaimo the high average was $1,003,705  .  Now, in the July Stats, the Average Sell Price is down to $879,302.  In April 2022 the Cowichan Average Price was $913,620.  Now, in the July Stats, the Average Sell price is down to $829,943.  

Moving forward it is likely that there will be one or two more bank of Canada interest rate rises.  This means there will likely be continued softening in the market.  As well, it is likely the bank of Canada will not be able to time the perfect amount of correction to interest rates.  This realtor expects these rises will cause an actual recession as we move into 2023.  Therefore, likely more softening in the market through next year.

Optimistic Future

At the same time, real estate markets are always cyclical.  A number of years out, the market will likely be a high as it has ever been.  We could well see new highs five to six years from now.

If you want to talk more about your specific home or property and how the market is affecting you,  our cell to call to text is 250-618-0680.  You can email us at lorne [at] lornegait [dot] com 

Lets Get IN TOUCH

Here are the stats for Nanaimo – 07-Jul 2022 Nanaimo Graphstats

And here are the stats for Cowichan – 07-Jul 2022 Cowichan Valley Graphstats

Vancouver Island Realtor Lorne Gait
Realtor Lorne Gait is able to help you with your Vancouver Island real estate needs
We hope you enjoy the “Dog days of Summer.”

Ocean Front Family Home

Ocean Front Family Home

Enjoy your own Private Oceanfront Property with immaculate 3 Bed, 3 Bath West Coast Style home. Wind down the driveway, lined with its mature trees, to your Walk-On Water-Edge home. The main level entry welcomes you into a bright, spacious open area, with luxury vinyl plank flooring throughout. Featured is your updated Kitchen, Dining, and Living areas as well as a cozy double-sided fireplace

Ocean Front Ladysmith Home
This Ocean Front Family Home at 4712 Shell Beach Road might suit your needs

 while you take in the outstanding views. This modern kitchen is additionally roughed in for a propane stove to suit your culinary preferences. A new heat pump was installed in 2020 for efficient heating and cooling. Additional views abound from a spacious Master Bedroom with en-suite and walk in closet. Den and Laundry with new washer and dryer in 2020 are also on the main floor. The upper floor, with heated 

Ocean Front Home with pool and hot tub
Stunning night views of this beautiful home

hardwood floors, has two generous Bedrooms and the Main Bathroom. This 2nd level also boasts a large Bonus Room above the Double Garage, perfect for your hobbies and recreation.

A Door Opens to Family Recreation

Make your way out the first-floor French doors to the Main Attractions- Walk-on Waterfront! Dock for smaller boat / kayak / canoe with historic Foreshore Rights. At this point there is a process to obtain permission to have moorage lease. The listing agents can give you information on the process. The tidal water brings delights at both high and low tide. Enjoy swimming and boating at high tide, then be prepared for National Geographic level of entertainment at

Your own Dock
Check out the dock on this beautiful property

low tide, as the ocean bed reveals its many wonders. A large in-ground Swimming Pool with a new pool liner in 2020; a Salt Water Hot Tub and a Deck ready for entertaining! From the deck you will get to spot all manner of nature’s delights – Eagles, Herons, Mink, Otters and Seals. You may even spot the occasional deer swimming across to the Island. We call it a true West Coast Paradise – but you will want to call it Home!

For information or a viewing …Let’s Get in Touch!.. Call or text Lorne at 250-618-0680 or Jeff at 250-735-0921.   Or email to lorne [at] lornegait [dot] com

Beautifully Renovated Vancouver Island Ocean front Home — Pics . . . 

A Map to this Beautifully Renovated Vancouver Island Ocean Front Home

Here is a Map for you.  This map is from the Duke Point Ferry to 4712 Shell Beach Road, Ladysmith, BC.  If you need help with directions, . . . Let’s get In touch

Video Link to 4712 Shell Beach Road  . . .

Please enjoy this video of the home and property at 4712 Shell Beach Road, Ladysmith, BC.   

For more information or a viewing . . . let’s get in touch.  Lorne at 250-616-0560 or leave a message at Get In Touch

 

Copy of Vancouver Island Real Estate Market Update September 2021

Vancouver Island Real Estate Market Update September 2021

Realtor and Associate Broker Lorne Gait has just prepared for you this Vancouver Island Real Estate Market update September 2021. 

Sunrise in Ladysmith
Lorne’s September 2021 Market Update

Lorne is a professional working in the mid Vancouver Island area,  He is based out of the Royal LePage Nanaimo Realty office in Ladysmith, BC.  Because of his many years of experience, he can help you with Real Estate needs from Victoria through Campbell River.  Let’s get in touch and talk about your Real Estate Needs . . . Lorne at 250-618-0680.

Vancouver Island Real Estate Board Statistics analysis

The Vancouver Island Real Estate Board also has its own Vancouver Island market Update to the end of August, 2021. This article is well worth reading.  Check it out: VIREB ANALYSIS.

Summary Thoughts

Definitely we have been in a Seller’s Market with Sellers having the advantage of multiple offers and of offers often going well above asking price.

Buyers definitely have to be engaged to find recently listed properties with no current accepted offers.  Buyers need to realize that the asking price is often a starting price which goes up from there.  It is absolutely wise for Buyer to get organized with financing ahead of time.  Offers with few or no conditions are quite common.  

Buyers and Sellers continue to face COVID-19 impacts in the sense of masking up and washing up before and after showings.  As professional realtors, we are happy to help give guidance regarding these matters.  

If you want to talk in more detail about the things that might cause our Vancouver Island 2021 Real Estate Market to go up or down, let’s get together and talk.  Our cell to call to text is 250-618-0680.

If you are selling, we can help you get the best possible price in this market.  If you are Buying, we can help you find a deal for the home of your choosing.

Lets Get IN TOUCH

Here are the stats for Nanaimo – 08-Aug 2021 Nanaimo Graphstats

And here are the stats for Cowichan – 08-Aug 2021 Cowichan Valley Graphstats

 

Seasons Greetings from Vancouver Island Real Estate
Happy Fall from Vancouver Island Realtor Lorne Gait and Morgan Fisher.

Beautifully Renovated Vancouver Island Ocean front Home

Beautifully Renovated Vancouver Island Ocean front Home

This beautifully renovated Vancouver Island ocean front 3 bed and 4-bathroom estate is situated on a spacious 27,094 Sq.  Ft walk on waterfront lot. 

Beautifully Renovated Vancouver Island Ocean front Home

Driving into this property you pass by a useful outbuilding which serves as a large workshop and recreation room area. The shop area could easily be a spacious double garage—if desired. The workshop leads toward a finished recreation room with kitchen, a sauna and a 3-piece bathroom—the perfect cave for quiet recreation. 

Diving further down the driveway you come to a landscaped area with room for several cars which can be parked just above the home.

Entering the home on the level you will find owner has spared no effort to renovate this home with high end finishes. The kitchen is spectacular with quartz counters and stainless-steel appliances including a dual fuel Propane and Electric Stove. The kitchen leads you toward a generous dining area, and a warm and cozy area to enjoy the sun and ocean views with an exit to a balcony facing the ocean. Off the dining room, there is a living room with spectacular ocean views. There is one bedroom on the main floor. Upstairs there is an enormous master bedroom with spacious en-suite and walk-in closet. A family room and second upstairs bedroom finish the upper floor. Downstairs is the laundry room, a recreation area, plenty of storage, laundry and a 2-piece bathroom.

Beyond the home is a gentle path to your own walk on waterfront area. This home and property are truly above average.

For more information or a viewing, please contact Lorne Gait at 250-618-0680. Or email to lorne [at] lornegait [dot] com

Beautifully Renovated Vancouver Island Ocean front Home — Pics . . . 

A Map to this Beautifully Renovated Vancouver Island Ocean Front Home

Here is a Map for you.  This map is from the Departure Bay Ferry to 319 Chemainus Road, Ladysmith, BC.  If you need help with directions, . . . Let’s get In touch

 

Video Link to 319 Chemainus Road  . . .

Please enjoy this video of the home and property at 319 Chemainus Road.  Ladysmith, BC.

Link to Full I Guide.  LINK

This link is a link to all the pictures, the video and a 3D Tour.  Enjoy and browse at your leisure.

 

For more information or a viewing . . . let’s get in touch.  Lorne at 250-616-0560 or leave a message at Get In Touch

 

Beautiful Ladysmith Executive Home

Beautiful Ladysmith Executive Home

925 Hanington Road, Ladysmith, BC

This executive 6 bed and 4 bath Ladysmith home could be your place to enjoy life and recreate.

Beautiful Ladysmith Executive Home
Enjoy the view of your new home.

Perfect for a multigenerational family, this home boasts a legal two bed lower suite and a main floor with custom finishes.

 

Entering the home, you will not be disappointed as you walk to the main floor. You will gaze toward a formal living room, a family room and kitchen. There are two gas fireplaces to give you a cozy feeling. There are custom kitchen cupboards, an island and high-end appliances.

Down the hall are two bedrooms and a spacious master bedroom with large 5 piece en-suite and walk in closet.

The main floor also gives you a view balcony and a private back yard patio. The views are spectacular of the town and of distant mountains. The suite also has a spacious feel with an open floor plan, fireplace, patio, 2 beds and 2 baths.

Come see this spectacular home. For more information or a viewing, Lorne is ready to help. Let’s get in touch–250-618-0680 or lorne [at] lornegait [dot] com

 

Pictures of the  Home . . . 

A Map to this Beautiful Ladysmith Executive Home

Here is a Map for you.  This map is from the Departure Bay Ferry to 925 Hanington, Ladysmith, BC.  If you need help with directions, . . . Let’s get In touch

Matterport 3D video of this Home . . . 

Click on bottom and controls to move your way around this home outside and inside.  If you have any question, please feel free to call.  If you like it and want a viewing . . . Let’s get in touch at 250-618-0680.

For more information or a viewing . . . let’s get in touch.  Lorne at 250-616-0560 or leave a message at Get In Touch

 

Ladysmith Harbour View Townhome

Ladysmith Harbour View Townhome

Ladysmith Ocean View Townhome
Enjoy living in this Ladysmith Ocean View Townhome

Enjoy a semi waterfront lifestyle in this Ladysmith Habour View Townhome at Ladysmith’s “The Lookout.” This 2 bed room and 2 bathroom home is a short walk down a path and through a tunnel to Ladysmith’s beautiful Transfer Beach Park.

Or you can stay home and enjoy the views from the Dining Room, Living room, kitchen, eating nook and deck-breathtaking. The home has a master bedroom on the main floor with walk-in closet and cheater en-suite.

Downstairs is a long garage with room for a vehicle plus plenty of storage. There is a spacious entry way leading to a second bathroom, laundry and an additional bedroom. The Lookout is close to downtown Ladysmith and shopping areas.

The landscaping is amazing with flowering plants from early spring through the fall. There are some rentals allowed based on cap room availability.  At this point the cap room is at the maximum.  One Dog or one Cat are allowed. 

Best of all . . . when compared to other Vancouver Island properties with views, this is truly and affordable Ladysmith Habour View Townhome.  Call or text Lorne Gait at 250-618-0680 for more information or a viewing.

Pictures of the  Home . . . 

A Map to this Ladysmith Harbour View Townhome

Here is a Map for you.  This map is from the Departure Bay Ferry to 100 Gifford Road, Ladysmith, BC.  If you need help with directions, . . . Let’s get In touch

Video of this Home . . . 

Click on the video to view a short slide show highlighting this home.  If you like it and want a viewing . . . Let’s get in touch at 250-618-0680. 

If you want to virtually walk through this home.  Open this 3D MATTERPORT Link.  and walk your way through the home online.

For more information or a viewing . . . let’s get in touch.  Lorne at 250-616-0560 or leave a message at Get In Touch

 

Executive Ocean View Home

Vancouver Island Executive Ocean View Home

Vancouver Island Executive Ocean View Home
Vancouver Island  Ocean View Home at 547 Fourmeaux

Check out this Vancouver Island Executive Ocean View Home with Suite located at 547 Fourmeaux Crescent in Ladysmith.  It is in pristine condition with a near new roof.  It is ready for you to make into your next home.  If you want a viewing or more information, let’s get in touch. . . Lorne at 250-618-0680.  or get in touch through this web site.  GET IN TOUCH

Ocean View Home Description

Enjoy an executive lifestyle in this beautiful ocean view level entry and basement walkout 5 bed and 3 bath home. This home boasts a great ocean view, impeccable landscaping, fenced back yard, and is nestled in an area of high-end ocean view homes. Enter the home through a stately front door or drive into your huge double garage.

The garage is deep with a third bay area with lift for automotive Vancouver Island Executive Ocean View Homerepairs-perfect for the hobby mechanic. The home has lovely hard wood finishes in flooring and cabinetry. There is a defined dining room. There is an open feel and ocean views in the kitchen, nook, and living room areas.

All this leads to a large ocean view deck that perfect for entertaining family and guests. The main floor boasts an ocean view master bedroom with a spacious en-suite bathroom and walk in closet. Two more bedrooms and a laundry finish off the main floor. The downstairs of the home has an additional two

Vancouver Island Ocean Views
Enjoy Vancouver Island Ocean views in this executive home.

bedrooms for family and/or guests as well as a huge recreation room with wet bar. Generous storage and an expansive floor area for an in-door workshop conclude the lower floor. A huge bonus is that this house is very nearly able to be suited as an in-law area.   

 Home Pictures . . . 

 

For more information or a viewing . . . let’s get in touch.  Lorne at 250-616-0560 or leave a message at Get In Touch

Walk through this  home in this Matterport Tour . . . 

Find your way to this Home using this map . . . 

For more information or a viewing contact Lorne or Morgan at 250-618-0680 or email to lorne [at] lornegait [dot] com.   Let’s get in touch . . . 

Near New Character Home

Near New Character Home

1146 Timberwood Drive
Near New Character Home

Presenting a nearly new, stunning, and affordable 3 bed and 2 1/2-bathroom character style home.  This home is perfect to call your own.  Driving up to the home you will notice the great curb appeal and parking for two cars– one in a deep single garage and one in front of the garage. 

Entering the home from the covered porch, you will find a spacious main floor area which includes a living room with natural gas fireplace, and a gorgeous kitchen and dining area, perfect for family living and entertaining.  The kitchen includes beautiful stainless steel appliances, an island, and a walk-in pantry.  Entertaining and recreation is able to be extended into the backyard through a patio door off the dining room, with a gas hook up available for your BBQ.  Next to the kitchen is the laundry/storage/utility room, a 2-piece powder room, as well as the entrance to the garage, with additional storage available in the crawl space.

The back yard is fenced.  It is perfect for pets, and is landscaped with grass, shrubs and a lovely patio area.  The upstairs has a spacious master bedroom with walk-in closet and en-suite with tub/shower, as well as two other bedrooms and a third 4-piece bathroom. This home is in pristine condition, and has remaining new home warranty. Located in a quiet South Nanaimo area of newer homes (Timberwood Trail),  it is close to beautiful walking trails, schools, VIU, Nanaimo Aquatic Centre, and amenities. A rare find! Call or text Lorne Gait at 250-618-0680 for more information or a viewing.

Pictures of the Near New Character Home

 A Map to this Near New Character Home

Here is a Map for you.  This map is from the Nanaimo Airport to 1146 Timberwood Drive.

Video of this Near New Character Home 

For more information or a viewing . . . let’s get in touch.  Lorne at 250-616-0560 or leave a message at Get In Touch

 

Vancouver Island Water View Home

Vancouver Island Water View Home — Now Sold

Vancouver Island Water View HomeCheck out this Vancouver Island Water View Home with Suite.  It has been updated and is ready for you to make into your next home.  If you want a viewing or more information, let’s get in touch. . . Lorne at 250-618-0680.  or get in touch through this web site.  GET IN TOUCH

840 2nd Ave, Ladysmith, BC.

Relax and enjoy the breath-taking views of the ocean, islands and Town of Ladysmith in this stylish three-bedroom plus den character home. While nestled on a hillside, take in the tranquil seascape from live edge breakfast bar or on the upgraded deck. This home has undergone a full transformation from flooring to windows, a modern Beautifully updated Ocean View homestyled kitchen, LED lighting, plumbing, electrical and so much more. There are two meters for hydro and two heating systems. The upstairs is heated with a natural gas forced air furnace. The home would be perfect for anyone whether you are an individual, couple or a family. The ground floor unit has successfully been used as both a rental and B& B accommodations. This unique home is worth the viewing time. Let’s get in touch . . . Call or text Lorne or Morgan at 250-618-0680.

 

For more information or a viewing . . . let’s get in touch.  Lorne at 250-616-0560 or leave a message at Get In Touch

 

Vancouver Island Real Estate Market Update March 2020

Vancouver Island Real Estate Market Update March 2020

Realtor and Associate Broker Lorne Gait has just prepared for you

Vancouver Island Real Estate Market Update

this Vancouver Island Real Estate Market update March 2020.  Lorne is a professional working in the mid Vancouver Island area,  He is based out of the Royal LePage Nanaimo Realty office in Ladysmith, BC.  Because of his many years of experience, he can help you with Real Estate needs from Victoria through Campbell River.  Let’s get in touch and talk about your Real Estate Needs . . . Lorne at 250-618-0680.

Vancouver Island Real Estate Board Statistics analysis

The Vancouver Island Real Estate Board also has its own Vancouver Island market Update to the end of February. This article is well worth reading.  Check it out: VIREB ANALYSIS.

Summary Thoughts

For the most part, the Vancouver Island Real Estate market is fair for Buyers and for Sellers.  As we began the year some higher priced homes did sell.  This was encouraging because this was not quite the case in 2019 

For homes with moderate prices, the market is in a state of balance.  If Seller prices reasonably, she/he will sell to Buyers who want to Buy.  Neither Buyer, nor Seller has a huge advantage.

One unknown at this point is the impact of flu bugs and viruses.  There is a tremendous about of concern about the Coronavirus.  If folks turtle and stop going out and about, then it will have some impact on the Real Estate Market.  We really need scientists and politicians to do their very best for the folks.  We really need warm spring weather to bring us health and well being after a cool winter.

If you want to talk in more detail about the things that might cause our Vancouver Island 2020 Real Estate Market to go up or down, let’s get together and talk.  Our cell to call to text is 250-618-0680.

If you are selling, we can help you get the best possible price in this market.  If you are Buying, we can help you find a deal for the home of your choosing.

Lets Get IN TOUCH

Here are the stats for Nanaimo – 02-Feb 2020 Nanaimo Graphstats

And here are the stats for Cowichan – 02-Feb 2020 Cowichan Valley Graphstats

 

Seasons Greetings from Vancouver Island Real Estate
Happy Fall from Vancouver Island Realtor Lorne Gait and Morgan Fisher.