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Victoria’s third annual Earth Day Showdown includes “Nature Reboot”

Apr 17, 2014

Victoria’s third annual Earth Day Showdown includes “Nature Reboot”

(News Release) VICTORIA — ViSTA (Victoria Sustainable Tourism Alliance)  founding members Inn at Laurel Point, Harbour Air Seaplanes, and Eagle Wing Tours have submitted a challenge to local Victoria businesses to get involved in the third annual Earth Day Showdown by picking up refuse in their chosen location on Tuesday, April 22.

New for 2014 will be a special gift for Victorians – each clean up team will be leaving behind a Nature Reboot Kit, comprised of a flower pot with plants (provided by the City of Victoria Parks & Recreation department) and some ‘planted’ bonuses provided by each team, sprouting from the pot. Each team will post a photo of the location of their Nature Reboot Kit on the ViSTA Facebook page (www.facebook.com/ViSTAvictoria) to encourage followers to search for their whereabouts.

The winners of the competition (the top team to pick up the most refuse in a one-hour window) will be awarded the coveted ‘Golden Garbage Award’ presented by Mayor Fortin. All refuse and recyclables collected during the challenge will be responsibly recycled and disposed of by Ellice Recycle Ltd. using separate bins for garbage, mixed fibres (paper/cardboard) and mixed containers (tin/plastic).

While not required, the majority of teams dress up, ranging from corporate wear to themed-costumes. For the past two years, Eagle Wing Tours adopted a Neptune and mermaid theme, bringing attention to their task of cleaning up the beach along Dallas Road.

Why: To help raise awareness about Earth Day (Tuesday, April 22, 2014), local businesses are encouraged to sign up for the Earth Day Showdown, helping to keep their neighbourhood clean by picking up refuse over the noon hour.

When: Tuesday, April 22, 2014
10 to 11 a.m. – Nature Reboot Kit assembly and pickup by teams at the Robert Bateman Centre
Noon to 12:59 p.m. – refuse pickup (businesses across Victoria to compete in one-hour challenge)
2 p.m. – awards ceremony (top collector named and given coveted Golden Garbage Award – awarded to Eagle Wing Tours in 2013)

All Nature Reboot Kits will be assembled on site in front of the Robert Bateman Centre from 10 to 11 a.m. Participating businesses select their desired location to pick up refuse, including:

  • Laurel Point Park
  • Dallas Road waterfront (Clover Point to the Breakwater)
  • The beach in front of the Delta Victoria Ocean Pointe Resort & Spa

Awards ceremony will occur on the front lawn of Inn at Laurel Point

Additional information:

  • To compete in the contest, businesses count the number of pieces collected (for example, one cigarette butt equals one piece).
  • Victoria’s Ellice Recycle will responsibly dispose of all refuse collected during the pickup challenge.
  • Earth Day is the world’s largest and most celebrated environmental event. Each year, more than six million Canadians join 1 billion people in more than 170 countries in staging events and projects that address local environmental issues.
  • Earth Day was first launched in 1970 in the United States as an environmental awareness event (the first International Earth Day was celebrated in 1990). In Canada, Earth Day has grown into Earth Week and even Earth Month to accommodate the influx of environmental-related events and projects.
  • For more information: https://www.facebook.com/ViSTAvictoria
  • Follow #CleanUpYYJ for real-time tweets during the event and awards presentation.


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Kenmore Air Spring Seat Sale Starts Today

Apr 16, 2014

(News Release) VICTORIA – Kenmore Air, a Seattle-based airline today announced their annual Spring Seat Sale for travel between Vancouver Island and Seattle now through June 16, 2014.

Save $50 $US per person on seaplane flights between Victoria’s Inner Harbour and Seattle’s Lake Union, as well as on wheeled-aircraft flights between Nanaimo Airport (YCD) and Seattle’s Boeing Field.

Kenmore Air also provides convenient ground shuttle transportation between our Lake Union and Boeing Field terminals to Sea-Tac International Airport for connections to all US and International destinations.

The scenic 45-minute seaplane flight from Victoria or the 1-hour flight from Nanaimo Airport is fast, convenient, and stress-free! There are no big airports to get through, there’s no need to show up hours before your flight, and there are no long waits at customs.

Seat Sale tickets available at KenmoreAir.com or by calling toll free 866-435-9524. The last day to purchase Spring Seat Sale tickets is May 12, 2014 and seats are subject to availability.



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Mazda Canada donates new minivan to help train Camosun’s Automotive students

Apr 16, 2014

(News Release) VICTORIA — George Benda, Service Training Instructor for Mazda Canada, officially handed over the keys of a 2013 Mazda 5 Minivan to Camosun’s Chair of Mechanical and Metal Trades Ray Fischer as a contribution to the college’s Automotive Service Technician program, this month.

The sporty minivan has front-wheel drive and a 2.5 litre, inline 4 cylinder engine. The Mazda 5’s exterior was slightly damaged in transport, but the engine and transmission are in pristine condition. The vehicle retails at approx. $25,000 brand new.

“We thank Mazda Canada for this generous donation,” says Fischer. “Having newer vehicles on site really helps our students to practice their new skills with the knowledge that they can work on the latest in automotive technology. This gives them marketable, practical skills and confidence to be successful out in the industry.”

Forty-six students are currently taking Camosun’s Automotive Service Technician program: 16 second-year apprentices and 30 Foundation-level students. The 30-week long Foundation program gives students the skills to become automotive service technician apprentices. It covers the tools, equipment and techniques required to repair automotive systems like brakes, exhaust, front-ends and more. It also provides students with accreditation toward their first-year of apprenticeship training.

“We can’t run our trades programs without the generosity and support of industry partners like Mazda Canada,” says Fischer. “Our program budgets are extremely limited and there is a high cost to acquiring these vehicles for training purposes. Close partnerships and wonderful donations like these help us provide Camosun students with the best and most up-to-date training in the industry.”

The Camosun College Foundation is currently raising funds and equipment for all of Camosun’s Trades Training programs.

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New Victoria Based Bike Company

Apr 16, 2014

(News Release) VICTORIA — Locally-based company, Lochside Cycles announced on “date” that it will be launching its trendy brand of vintage and city-inspired bicycles in Victoria and online this spring. Lochside is set to be the first Victoria-based company of its kind to capitalize on the thriving commuter cycle scene, offering a wide range of bikes from fixed and urban to Dutch-style cruisers.

Founders of the company, brothers Brian and Richard Kirk, and their long-time friend, Jeff Zamluk, are hoping to seduce Victorians with their sleek line of simple and stylish rides. But even before diving head first into the complicated process of cycle design, the trio spent many long nights discussing the necessities of urban riding and what they wanted their company to offer consumers.

“We want to get more people on bikes and make riding a painless experience for everyone,” said the company’s youngest proprietor, Richard. “But we also want to design bikes that are stylish…something people are proud to show off, and can get excited about each time they go for a ride.”

It wasn’t long before the boys of Lochside Cycles decided to bring their company to life. Paying homage to the city in which they reside, the threesome resolved to name their project after the picturesque Lochside Regional Trail, a former railway line turned commuter-favourite that stretches all the way from downtown Victoria to Swartz Bay Ferry Terminal.

“We had to give a nod to the beautiful area we live in. The trail is a personal favourite of ours, so it only made sense to personify it by bringing it to the local market…after all, Victoria is the cycling capital of Canada,” said Kirk.

In their first year, the company will be focusing on providing buyers with quality bikes at affordable prices starting in the low $400s that are easy to use, efficient and attractive. The founders hope that the countless hours of meticulous mechanical design and thoughtful styling will afford them a competitive advantage both at home and across Canada. Currently, the company is offering shoppers 8 different models, casting a wide net and appealing to a large assortment of casual and serious riders. And so far, the triad of young entrepreneurs is feeling encouraged by the response they have received from customers and local shops in Victoria and across the province.

“The local interest in our brand, to its name and to the design of our bikes has been truly overwhelming. At the moment we are dealing with local bike shops, but we also want to grow our business on a national stage, while remaining true to our roots and to the whole concept behind our company. We think the future is bright.”

The bikes are currently available for purchase on the company’s website and will soon be available in local storefronts across Victoria the province including North Park Bikes, Fairfield Bikes, the Broken Spoke, and Reckless Bike Stores. For more information about Lochside Cycles, visit their website www.lochsidecycles.com.

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Island Beltone & JC Scott Eco Design Associates Offer Solutions to Those With Hearing Loss

Apr 15, 2014

(News Release) VICTORIA – Restaurants pose unique challenges for those who are hard of hearing, where noise can often result in missed conversations, miscommunication with servers, and a disappointing evening, but designer JC Scott and Island Beltone owner Jeff Germain have a number of solutions to the problem of finding a location that works for enjoying a great meal out.

When choosing a place to eat when you’re hard of hearing, or joining someone who is, a few simple steps will help to ensure that the experience is more enjoyable for all members of the party. Everything from the reservation process to the seating location can help ensure that the conversation surrounding the meal isn’t missed.

If at all possible, it is better to make a reservation in person at the restaurant. This way, you will be able to see the space and determine where the best location to dine within the restaurant would be. Choosing the right space to sit is as easy as requesting to be seated in a booth instead of a table, in a carpeted area instead of a tiled space, and in a lower level of the restaurant should there be multiple floors or levels. In summer months, it is often easier to hear conversation on the patio than inside the restaurant, depending on the ambient street noise. The most important thing to remember is that it will always be louder in a restaurant than at home, but adjusting your hearing aids to match the space is possible.

“One of the most difficult things for anyone who has experienced hearing loss – even those with hearing aids – is to both hear and participate in conversation in a busy restaurant,” says Jeff Germain, owner of Island Beltone. “But, it doesn’t have to be so troublesome that you never enjoy your favourite meal again. The latest hearing aids have automatic noise reduction as well as smart phone remote control for personal adjustments and some even have geo-tracking apps that allow users to set preferred restaurants into the phone’s memory.”

From a design perspective, restaurateurs most often consider acoustics when designing or redesigning spaces. When JC Scott works with architects and restaurateurs, he always starts with the acoustics of the space, whether it is brand new or being redesigned, knowing that they will help to shape the character and ambiance of a lounge or restaurant space.

“The simple rule of sound means that the more people there are and the more reflective surfaces there are, the louder the space will be,” says JC Scott, owner of JC Scott eco Design Associates. “Everything from choosing carpet over wood or tile flooring to the use of fabrics or the size of windows will affect the noise level of a space.”

A great example of Scott’s design work is the Prime Restaurant & Lounge in Courtenay, BC, where the lounge space was designed to be acoustically bright and lively, while the restaurant dining space and meeting rooms were designed to be softer and quiet. The lounge features a lower ceiling, hardwood floors and more glass for more noise energy, whereas the dining space has a higher ceiling with carpeted floors and more booth seating for better acoustic intimacy.

Over the next few weeks, in anticipation of Better Hearing & Speech Month in May, Germain is asking people to list restaurants that they feel provide a better dining experience for those with hearing loss. To add suggestions, visit the Island Beltone Facebook page: www.facebook.com/BeltoneHearingCare.

“Everyone has their favourite restaurant, and we know that many of our clients have worked over time to find those that work for their needs, so we look forward to building a great resource list for anyone who is hard of hearing,” says Germain.

For more information on hearing care, visit www.beltonecare.ca.

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SquareOne Launches to Help Start Ups Grow Bigger, Better, and Faster

Apr 14, 2014

(News Release) NANAIMO — The Nanaimo Economic Development Corporation and Innovation Island announced the launch of SquareOne, the region’s first technology incubator and co-working space.

SquareOne provides office space, expertise, and resources to start-up entrepreneurs and other out-of-the-box thinkers. This new community asset will continue to build on the momentum in the region’s technology sector, creating an ecosystem that assists innovative entrepreneurs to grow.

“The Nanaimo region has a vibrant and growing start-up community,” said Sasha Angus, CEO of NEDC. “With an economic impact of $200 million per year, the region’s technology sector provides thousands of household sustaining jobs. We are very excited to be partnering with Innovation Island to continue growing the region’s start-up community and fostering new innovation and entrepreneurs.”

“Innovation Island is thrilled to be working in partnership with the NEDC to further develop the tech sector in the Nanaimo region. Supporting entrepreneurs to think big and connecting them to the resources they need to scale is what SquareOne is all about,” said Paris Gaudet, Executive Director of Innovation Island.

SquareOne will provide access to leading edge advisory services, product development programs, and mentoring resources including an Executive-In-Residence. In addition, workshops, seminars, and networking events will be held monthly to provide further access to expertise for the resident businesses to grow bigger, better, faster.

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Pacific Links International Announces Partnership With Bear Mountain Golf Resort and Spa

Apr 14, 2014

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Tell The City of Victoria How to Improve Parking Downtown

Apr 14, 2014

(News Release) VICTORIA — The City of Victoria recently reviewed its parking services to identify ways to make it easier to park downtown and improve customer service.

The community is invited to learn more and provide feedback on the recommended improvements to downtown parking and to share their thoughts and experiences on parking in Victoria by completing an online survey by May 2.

A drop-in open house will be held on Friday, April 25 from 8 a.m. – 9:30 a.m. at the City Hall Antechamber to provide the public an opportunity to view displays and speak with staff about the proposed improvements.

The City’s review of downtown parking highlights that the demand for on-street parking exceeds available capacity, while there is space within the City’s five parkades. Recommendations focus on shifting motorists from higher-demand, on-street parking spaces to available spots in City parkades. Some incentives include offering the first hour free and free evening parking Monday to Saturday in all City parkades.

Reducing and standardizing parkade rates is recommended to improve consistency and ease of understanding. The hourly parkade rate of $2.25 would be reduced to $2/hour and charged in 15 minute-increments. Daily maximums would be $12 at all City parkades except at Bastion Square Parkade, which would have a higher daily rate of $14 due to higher demand. Moving monthly, long-term parkers to higher floors in City parkades to free up space on lower floors for those who park for less than three-hours is also proposed.

Providing variable on-street parking rates from $1.50 to $3 an hour with time limits ranging from 90 minutes to all day depending on the area, is one way to provide motorists with more flexibility and choice when parking downtown. Higher demand on-street parking spaces within a three-minute walk of a City parkade would be set at the highest rate.

Other recommendations focus on customer service, such as new training for all City parking staff and contracted enforcement commissionaires, and improved way-finding signage and parking information online, on-street and in parkades.

All feedback will be compiled and summarized in a report to City Council for consideration in May. For more information and to participate in the online survey, visit: www.victoria.ca

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City Takes Additional Steps to Minimize Risk on Johnson Street Bridge Replacement Project

Apr 14, 2014

(News Release) VICTORIA — The City of Victoria has hired a consultant with specialized experience in large scale transportation projects to assess current project risks and make recommendations on whether any additional strategies should be employed to ensure effective delivery of the project.

Jonathan Huggett, PEng, is a consultant with specialized experience in alternate delivery of public infrastructure projects, with a particular specialty in transportation and municipal projects. Mr. Huggett has clients at all levels of government and has worked on several bridge projects including the rehabilitation of the Lions Gate Bridge, Skybridge and the SkyTrain system, on the Lower Mainland. Mr. Huggett was also retained in 1999 by Victoria City Council to evaluate and advise on the delivery of the Save-On-Foods Memorial Centre.

In the course of his work, Mr. Huggett will review all contract documents, interview key staff and the engineering consultants, MMM, as well as PCL, the bridge contractor.

The value of the work is $15,000. The professional services contract will be posted on the www.johnsonstreetbridge.com website when finalized this week.

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B.C.'s tech sector is growing, and full of opportunities

Apr 07, 2014

(News Release) VICTORIA - This week, BC Stats released a progress report that shows the growing strength of British Columbia’s high technology sector. This report is a solid indication that the BC Jobs Plan is working and that British Columbia now competes with the best in the industry.

Most British Columbians are already familiar with home-grown success stories like Hootsuite, Global Relay, Mobify and Plenty of Fish. But we’re also home to companies such as D-Wave in Burnaby that may not be household names, but D-Wave is recognized by companies such as Google as a truly global leader in one of the most technologically complex fields in the world, quantum computing.

In fact, there are many local businesses drawing international attention. Seamor Marine in Nanaimo recently partnered with NASA to build underwater robots that will assist the NASA Space Program. Another example is Trulioo, a Vancouver-based company that provides social media, mobile and web identification services. While this company has a catchy name, it’s also on venture capitalist mogul David Blumberg’s radar as possibly the next Hootsuite. This company is rapidly expanding as an industry pioneer and they’re doing it right here in B.C.

The province is also attracting foreign investments in technology development centres for Star Wars productions, Amazon, Facebook, Twitter and Electronic Arts. The recent TED conference was hosted in Vancouver after being based in California since it first opened. The list goes on. These global powerhouses recognize the competitive advantages our province offers and are bringing their business here and putting down roots.

We know this didn’t happen overnight. It takes good people with great ideas, who are willing to develop their ideas and build companies, to get to the level of prosperity that we are seeing today.

That’s why we’re working hard to support the sector with the fuel people need to get their ideas into the marketplace. Through our support of the BC Innovation Council (BCIC), we’re providing strong support for budding local entrepreneurs who are trying to get their companies and ideas launched in a very competitive industry.

For example, BCIC’s provincewide Venture Acceleration Program provides guidance, coaching and training for early stage technology entrepreneurs and innovators. The program helps to accelerate the process of defining a business model based on best practices for starting and growing technology entrepreneurs.

Since 2011, the BCIC accelerator program has grown to 10 delivery partners throughout the province. Nearly 300 entrepreneurs have been trained, 523 jobs have been created, and $9.9 million in revenue generated by this program.

The recent tech report shows that 253 new businesses emerged in the B.C. tech sector last year. These new businesses are now working alongside industry veterans like Sierra Wireless, a global leader in wireless technology. MacDonald, Dettwiler and Associates is another pillar of the community and a surprising number of today’s successes can be tracked back to spinoffs from this Richmond based company that designs, builds, launches and operates satellites.

While the numbers we’re seeing are impressive, we don’t intend to rest here. We’ll continue to work with the BC Innovation Council, to find ways to continue to grow the tech sector. Building a strong tech sector means more opportunities and greater economic prosperity for British Columbians in the years to come.

Profile of the British Columbia High Technology Sector - 2013 Edition: www.bcstats.gov.bc.ca/StatisticsBySubject/BusinessIndustry/HighTechnology.aspx

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Cruise Ship Water & Bus Shuttles Ready For Launch

Apr 04, 2014

(News Release) VICTORIA — Greater Victoria Harbour Authority (GVHA) is expanding on the Victoria cruise shuttle service to include a pilot water shuttle service from Ogden Point to the Inner Harbour. The 40-passenger Victoria Harbour Ferries vessel the “Linda Mae” will shuttle cruise ship passengers and crew from the newly built multi-purpose float at Ogden Point to the Steamship Terminal float on the lower causeway.

The water shuttle pilot will run continuously when cruise ships are in port. The shuttle trips will take 30 minutes each way, including loading and unloading passengers. The boat’s 2-crew team will provide a narrative about Victoria and the history of the local First Nations as they cruise through the harbour.

The marine shuttle will complement the changes made to the ground shuttle service in 2013. Last year, the service was operated with buses supplied by BC Transit and supplemented by Wilson’s Transportation Ltd (Wilson’s), transporting 93,000 passengers between Ogden Point and downtown. The low-floor and double-decker transit buses are well-suited to the residential and urban streets on the cruise shuttle route and offer easy on and off loading, particularly for those with mobility challenges. Similar to last season, Wilson’s will supplement the service with additional buses on peak days, with all buses being operated by Wilson’s team of professional drivers.

The marine shuttle will use the newly installed multi-purpose float at Ogden Point located between Pier B and the Helijet terminal. The new float will also help to reduce traffic impact in the community by enabling marine-based shore excursion tours to pick-up directly at Ogden Point rather than having to drive through the community to another drop-off/pick-up location.

“We’re very pleased to be working with Victoria Harbour Ferries to pilot the new marine shuttle,” said GVHA President & Chief Executive Officer Curtis Grad. “We are committed to finding innovative and effective solutions to the challenge of transporting large volumes of cruise passengers and crew downtown, while minimizing impacts on the neighbouring community. The marine shuttle is another important step in fulfilling this commitment.”

GVHA’s feedback management program ensures that community impact is received, responded to and actioned as appropriate. Responses are received online, by email and by phone.


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Capital Iron goes from 'scrap heap' to 'top of the heap' winning the Family Enterprise of the Year Achievement Award

Apr 03, 2014

News Release) VICTORIA — The Canadian Association of Family Enterprise (CAFE) today announced that Capital Iron of Victoria, British Columbia, was selected to receive the prestigious Family Enterprise of the Year Achievement Award (FEYA) for 2014 at a spectacular gala dinner to be held at the Westin Bayshore Resort & Hotel in Vancouver on May 22, 2014. The national award is given annually by CAFE to recognize and promote the achievements of Canadian family businesses and the vital contribution they make to their local communities and Canada's economy.

From its beginnings as a humble scrap business in 1863, Capital Iron has evolved into a traditional general store for the modern consumer offering a wide range of products from hardware, clothing and home décor to camping equipment, barbecues, and gardening supplies. As their tagline "There's No Store Like It!" suggests, Capital Iron has built a long-standing reputation as the best store in town with second to none selection, all the while maintaining the unique charm of its historical location, built in 1890 and recognized as a Heritage Canada historical building.

Capital Iron is currently owned and managed by the Black family and is an integral part of the Vancouver Island community employing more than 100 people and donating between 5 and 10% of profits each year to various charitable causes.

"The Capital Iron family is thrilled and honoured to be this year's recipient of CAFE Canada's FEYA Award. There is a long list of distinguished winners and we are excited to be included in that number. CAFE is the single most important organization we belong to and we look forward to the symposium in Vancouver,"  said Capital Iron President, Mike Black.

"Congratulations to Capital Iron and the Black family. Clearly, the secret to their success is the inherent 'family-ness' of their business coupled with their focus on supporting and giving back to their community," noted Paul MacDonald, Executive Director of CAFE.

Capital Iron will share their family business story with more than 200 leaders of family businesses from across Canada at the CAFE FEYA Award gala which will also feature a keynote presentation delivered by Canadian business icon, David Chilton, author of Canada's all-time best-selling book, The Wealthy Barber and panelist on the hit T.V. series The Dragons' Den. The FEYA Award gala is held in conjunction with the CAFE Family Business Symposium running May 21-23, 2014.

"We congratulate all of the nominees for the 2014 CAFE Family Enterprise of the Year Achievement Award for their innovation and contribution to their local communities," said Yannick Archambault, Vice-President and Chief Operating Officer at BMO Harris Private Banking. "The hard work and determination that drives their business is the same passion that drives our economy forward as a whole. We are proud to be associated with an organization such as CAFE that celebrates the accomplishments of Canadian family businesses and look forward to continuing to work with them and support their efforts."

Prior recipients of the CAFE FEYA Award include larger companies such as E.D. Smith & Sons Ltd. and Rogers Communications and smaller companies such as Beau's All Natural Brewing Company. CAFE and the FEYA Award program receive support from platinum sponsors BMO Harris Private Banking, and silver sponsors Northland Wealth Management, KPMG Enterprise and Chartered Professional Accountants of Canada (CPA).

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March 2014 Real Estate Activity in Victoria

Apr 01, 2014

(News Release) VICTORIA – The Victoria Real Estate Board today released its monthly report on real estate activity in the Victoria area for March 2014.

575 properties sold in the month of March 2014, compared to 483 in March 2013 – an increase of nearly 20% year over year. However, the average sales for the month of March over the past five years is 607 properties per month, so though 2014 is stronger than the year previous, sales have not yet returned to the longer term average.

Victoria Real Estate Board President Tim Ayres says, “This time last year sales weren’t outstanding – the market was sluggish. Tightened mortgage amortization rules resulted in slower sales as buyers adjusted to the new requirements. Property values were stable, but inventory didn’t move quickly. This year we see more sales than last March.”

The Victoria Real Estate Board uses the MLS® Home Price Index (MLS® HPI) to report on property values. The MLS® HPI uses the concept of a benchmark home, a notional home with common attributes of typical homes in a defined area. Through the analysis of ten years of Victoria Real Estate Board MLS® sales data, the MLS® HPI defined benchmark homes for Victoria in each category (single family homes, townhouses, condos) and for each neighbourhood. The benchmark starting point was 2005, where each type of property and neighbourhood was assigned an index value of 100.

Current MLS® HPI composite (inclusive of all single family homes, condos and townhomes sales) for the Victoria Real Estate Board area is 139.3 – compared to 139.1 this time last year. While these overall numbers indicate little change in the last 12 months, some areas have changed more than others. Local REALTORS® can interpret what this means to specific neighbourhoods in the region.

President Tim Ayres explains what this means to the local market, “The stable property values year over year, along with the strong inventory of properties we see for sale shows that we have returned to balanced market conditions. There is no extreme upward or downward pressure on housing prices right now. This stability in value combined with the new lower interest rates we see from some lenders may move a lot more buyers into the Victoria and area housing market.”

Victoria Real Estate Board President Tim Ayres is available for comment. More information on the March 2014 report and the MLS ® HPI is available from the Victoria Real Estate Board.

About VREB - The Victoria Real Estate Board was founded in 1921 and since that time has been a key player in the development of standards and innovative programs aimed at enhancing the professionalism and community standing of REALTORS®. Formation of the Board grew out of the realization in the early part of the last century that there was a need to establish basic standards for those working in the real estate industry.

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