Broadmead Real Estate

Broadmead is a unique community which has resulted in exceptional Real Estate appreciation over the past 40 years. The restrictive covenants and local bylaws maintain a high quality community.

Signs

Building scheme restrictions on most properties in Broadmead prohibit advertising signs except real estate “for sale” signs meeting particular specifications.

To meet these restrictions, real estate agents who list properties for sale in the Broadmead area need to obtain signs from Pacific Posts VI. Pacific Posts can be contacted by e-mail at:

info@pacificpostsvi.com or by telephone at: 250-588-2102
If selling privately, homeowners can obtain ‘For Sale by Owner’ signs from Pacific Posts VI.

Broadmead properties have statutory building scheme restrictions which limit homes to single-family use only and these generally prohibit the secondary rental suites They also prohibit parking RVs on driveways.

Please e-mail BARA: info@broadmead.ca for any questions regarding these restrictions.

Garden Suites

Garden suites are detached dwellings located in the rear yard of a property with a single-family house as its principal use.

The municipality of Saanich will now permit a garden suite on most single family residential (RS-zoned) properties inside the Saanich sewer service area. However, property owners need to be aware of other restrictions on their properties.

Almost all properties in the Broadmead area have pre-existing statutory building schemes on title that prohibit more than one dwelling unit (for one family or household) on any property. While Saanich will issue a building permit for garden suites (after providing a simple warning to applicants to check their title to ensure such suites are allowed), if a building scheme restriction is on title, landowners building such structures – even if they have a Saanich-issued building permit — leave themselves open to possible legal action from neighbours in the same building scheme. 

Saanich Tree Policy

BARA defers to the District of Saanich in all matters concerning the removal of trees. Broadmead, like all of Saanich, is subject to the Saanich tree preservation bylaw recently amended.

Please see this article from the Saanich News

Real Estate News, Statistics & Economy

Victoria Real Estate Board Stats

Lastest Victoria Real Estate Statistics

July 2, 2024 A total of 661 properties sold in the Victoria Real Estate Board region this June, 3.2 per cent fewer than the 705 properties sold in June 2023 [...]

Bank of Canada news

Bank Of Canada News

Governor Tiff Macklem talks about how the labour market has adjusted to higher interest rates and slower economic growth. He also discusses how a strong, inclusive labour market is key [...]

This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on June 5, 2024. [...]

Deputy Governor Sharon Kozicki talks about the importance of central bank transparency and accountability. She looks at the exceptional monetary policy measures the Bank of Canada used during the COVID-19 [...]

Bank of Canada Economy

Bank Of Canada – The Economy, Plain and Simple

Weather, energy prices, and labour and import costs all contribute to higher grocery prices [...]

Labour force participation tells us how many people are active in the labour market and how many have dropped out of it. It is just one piece of a larger [...]

NY Times Real Estate news

New York Times Real Estate News
The Chrysler Building, the Jewel of the Manhattan Skyline, Loses Its Luster

Is the building’s reputation enough for it to endure as an icon, even as its ownership and interior crumble? [...]

No, King Charles Did Not Just Buy a Condo in NYC

The reports were tantalizing, but someone else was behind the expensive purchase. [...]

Is Your Condo Board Falling Short? Here’s How to Take Over.

Building administrators sometimes fail to follow their own rules. Legal action is one option, but a more direct approach can also yield results. [...]