Tag Archives: market report

March 21, 2025 – from Victoria Times Colonist Editorial Column


The Victoria Times Colonist newspaper is on sale throughout Vancouver Island. There is an online version. Today’s editorial sums up the issue with the provincial government’s Bill 7. See below:

March 21, 2025


Government’s Bill 7 is a disgraceful overreach

Editorial

If there were any doubt that ­Premier David Eby lacks respect for the ­provincial legislature, he has removed it.

His government has tabled legislation — Bill 7, the Economic Stabilization (Tariff Response) Act — that provides far-reaching emergency powers to
bypass the legislature.

The purpose of the statute, supposedly, is to address challenges arising out of Donald Trump’s tariff war.

But Bill 7, as drafted, basically gives Eby the power to do as he pleases, across almost the entire field of public policy, without any oversight or accountability.

For the next two years, the premier and his colleagues can change, rewrite or set aside any law or regulation behind closed doors.

Eby justifies this by asserting the need to act quickly, and he insisted that any actions he takes must be ratified by the legislature.

The latter statement is untrue. All the premier has promised is that he will inform the legislature, after the event, of what he has already done.

The longstanding principle, upon which parliamentary government rests, is advise and consent. That is to say, the government must advise the legislature of its intended actions, and the legislature must give its consent.

This legislation, if it passes unchanged, does away with that principle. There need be no consent.

To get a sense of how parliamentary due process is being overridden, a read of the act is illuminating.

  • First, the regulatory powers given to the premier and cabinet apply to “any laws of British Columbia respecting who may sell, purchase or use a good…(or ) a service that may be supplied in another province of Canada.” So an entire body of law, covering numerous statutes and a wide range of economic activity, is thus set aside.
  • Second, this power to regulate applies “despite any enactment or regulatory measure that applies to the supply of a service.” Does this nullify regulations designed to protect employees, create workplace safety, guarantee consumers fair treatment, and so on? It certainly appears to.
  • Third, the Financial Administration Act, which defines the appropriate management of public funds, is explicitly superseded. Here, as with his massive budget deficits, we see Eby’s disregard for fiscal probity.
  • Fourth, “No legal proceeding for damages lies or may be commenced or maintained against a protected person because of anything done or omitted in complying with … a directive issued under this (authority).”

So not only are the principles of sound financial management disregarded, but the government’s agents, including –presumably the premier and cabinet, are safeguarded against legal proceedings.

Not satisfied with gagging the legislature, Eby is gagging the courts.

Lastly, directives issued under this Act as late as June 30 can be made retroactive to Feb. 1.

This is the ultimate end run of the legislature, which wasn’t even sitting on Feb. 1.

The two Green Party MLAs have asked that the statute be amended, pointing out the many concerns it raises.

And the provincial Conservatives have assailed the bill, claiming it makes the premier a dictator or a king.

Yet regardless of whatever complaints they raise, or arguments they make, the opposition parties are effectively impotent. If the premier holds firm, they can’t force a change.

The NDP have 47 MLAs, the Conservatives 41, and the Greens two, with three former Conservatives who are sitting as independents.

One of the NDP members sits as Speaker, so in daily sittings the NDP are tied with the opposition. However in a tie vote, the Speaker can cast the winning vote.

This statute is as disingenuous as it is an offence against longstanding parliamentary due process.

The premier must accept this and back away.

Stay Tuned!!!

December 2024 – Market Analysis – Salt Spring Island

December introduces Winter. We are a four seasons region.

Although the calendar says it starts around the 20th, let’s remember that meteorological Winter starts on December 1st.

  • Craft Fairs:
    • WinterCraft at Mahon Hall
    • Beaver Point annual craft fair
    • Fulford Hall annual craft fair

    Welcome one at the very beginning of December.

  • The Ganges Galleries are showcasing their amazingly talented artists.
  • The excellent restaurants and coffee stops are treating patrons to special menus.
  • Winter Wander (shop late)
  • Glowtini
  • Village Light-Up
  • Farmgate stands light-up tour
  • Holiday windows in the Village

Lots to enjoy as the season wears its festive face.

Real Estate on Salt Spring in December, 2024

Real estate in December? Well, yes. It seems that the seasonality of previous years has gone. The market now appears to be “always”. In our secondary home/recreational marketplace, potential buyers can turn up anytime.


Sometimes, with knowledge of the area, buyers purposely choose late Fall and Winter seasons…the idea being that if a property looks great in November or January, then they know it will be incredible in July. Sometimes, it just takes time to get all their ducks in a row (sale of a city property, financing in place, decision for a Gulf Island destination, and so on). Listing in Winter, with less options on market to catch a buyer’s attention, can prove to be a “smart cookie” choice.


Some trends remain: very low inventory (most owners do not want to be sellers), relatively stable pricings, and projections that recent interest rate cuts by BOC (Bank of Canada) will propel the real estate market forward in 2025.

Should I Buy Now?

Side-line sitters, from 2022 to Fall 2024, are deciding that they would be wise to act now…before a projected Spring uptick. Those concerned about currency fluctuations might be choosing to see real estate as a way to preserve capital. Generally, the move from urban to rural continues to be a strong motivator for action. Geopolitical concerns might also generate interest in living in quieter/”apart” places.

Looking for specific opportunities to buy? Contact me. Look forward to helping you to discover your Salt Spring Island and Gulf Island special property, and to consider creative solutions for a successful purchase.


Thinking of selling? I look forward to discussing my several marketing opportunities with you…both digital and targeted print. There is no local market on a Gulf Island…it’s essential to successfully get the information out to the wider world. Look forward to hearing from you.

Meantime: it’s December. Time to enjoy traditions, lights, music, special foods, memories (old and new). Catch seasonal events at ArtSpring. Enjoy a holiday lunch or dinner with friends. Take time to meander Ganges and Fulford Villages…lights sparkling in late afternoon are magical. Santa arrives, remember…be there to welcome him. Whether with children or not, it is a season that invites us to be a part of that special sense of wonder. It’s December. Enjoy!