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

September 3, 2024 A total of 545 properties sold in the Victoria Real Estate Board region this August, 0.2 per cent more than the 544 properties sold in August 2023 [...]

Bank of Canada news

Bank Of Canada News

The Bank of Canada is inviting Canadian universities to nominate exceptional academics for its 2025 Governor’s Award. For this 2025 nomination period, we are not accepting applications for the Fellowship [...]

The Bank of Canada today reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. [...]

Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision. [...]

Bank of Canada Economy

Bank Of Canada – The Economy, Plain and Simple

Higher productivity helps keep prices down and wages up. It gives workers more money to spend and increases the value they get when they spend it. And it allows businesses [...]

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

NY Times Real Estate news

New York Times Real Estate News
The New York Apartment That Has Sheltered One Family for 86 Years

A rent-controlled apartment is a rare thing, and so is the family that shared their home with students and refugees, rent-free, over the decades. [...]

Want to Move Abroad? Here Are Five Ways to Do It.

The path to a life in a new country is often paved with complicated visa and residency requirements. [...]

As housing costs soar, younger adults are trying to reimagine prosperity — without the white picket fence. [...]