Greater Victoria and Vancouver Island Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

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Current Market Stats from the Victoria Real Estate Board

Dec. 1, 2023

November Numbers Are In. It’s Time to Make Your Contribution to the First Home Savings Account. The Table is Set for Rate Cuts & Real Estate News




First Home Savings Account (FHSA) Make your contribution before year end

First-Time Home Buyers' Tax Credit (HBTC)

Victoria Times Colonist - Federal government to use tax system to make short-term rentals less lucrative for operators: report

Delinquencies rising for borrowers with $400k+ mortgages, CMHC report shows (Canadian Mortgage Trends)

Interest rates are higher than they should be due to government spending: Scotiabank (Canadian Mortgage Trends)

Airbnb to Face New Curbs in Canada With Rental Tax Rule Change (BNN Bloomberg)

It’s been ‘hard to sell’ in many housing markets across Canada. Here’s why (Global News)

Mortgage rate relief could be on the horizon for Canadians: economists (Global News - Video)

Canadian housing market slowdown a reality check for home sellers, realtors say (Global News - Video)

Billions to be announced for housing construction in federal fiscal update, says source (CBC)

Three of the big banks have just lowered fixed mortgage rates. Will more follow? (Canadian Mortgage Trends)

Freeland's economic update to include new housing loans, short-term rental tax changes (CTV News)

Federal housing minister floats Airbnb crackdown to boost long-term rental supply (CBC)

Home sales slumped to slowest pace in more than 13 years in October as prices, borrowing costs, soar (City News)

Rate cut odds steepen after weak October inflation data (Canadian Mortgage Trends)

Why Ottawa is making it easier for tradespeople to move between provinces (Global News)

Financial Post - Canada's housing market faces biggest test since 1990s recession

Financial Post – Here's what it will take for the Bank of Canada to cut rates — and when it might happen

Canadian Mortgage Professional – Home prices to decline by more than originally expected, say TD economists

Mortgage Broker Stresses Importance of Early Action on Mortgage Renewal (VOCM)

With millions of mortgages coming due, finance minister expects banks 'to work with' Canadians (CBC)

Rising costs causing ‘inflation isolation’ among Canadians, poll finds (Global News)

Not quite a recession, but Canada sees third-quarter growth turn negative (Canadian Mortgage Trends)

Victoria Times Colonist - B.C. Ferries planning for seven new hybrid ferries to replace retiring Queens

Victoria Times Colonist - Victoria bike-theft map shows most are stolen in residential neighbourhoods

Victoria Times Colonist - Family donates 2.66-acre property on Prospect Lake to Saanich for park

Victoria Times Colonist - Empty homes to be taxed in five more Vancouver Island communities

Victoria Times Colonist - Oak Bay Avenue lights up for annual Christmas festival

Victoria Times Colonist - Federal money adds a storey and 14 units to downtown Victoria rental project

Victoria Times Colonist - Add your holiday display to the Times Colonist Christmas Lights Map

Victoria Times Colonist - Draft City of Victoria budget includes proposed tax increase of 8.37 per cent

CMHC predicts 89% nominal price increase by 2030.  Read the full report here.


Diana Winger Personal Real Estate Corporation
 eXp Realty | CNE, SRS, SRES, ABR
Mortgage Agent Level 1 Valko Financial LTD #13047
Dominion Lending Centres | |
(250) 588-8839  (226) 705-3369
Nov. 3, 2023

October Numbers are In. Air BNBs are out. CMHC predicts prices to climb 89% by 2030. Rates on Hold. Love the Beach? And more Real Estate News….

Interest rates a large factor in Victoria real estate market

A total of 407 properties sold in the Victoria Real Estate Board region this October, 15.2 per cent fewer than the 480 properties sold in October 2022 and a 17.4 per cent decrease from September 2023. Sales of condominiums were down 7.2 per cent from October 2022 with 141 units sold. Sales of single family homes decreased 16.1 per cent from October 2022 with 193 sold.

“Overall, property sales drifted down in October compared to the previous month, likely due to consumers continuing to navigate interest rates higher than those seen in nearly two decades,” said Victoria Real Estate Board Chair Graden Sol. “The uncertainty around the direction of the Bank of Canada rate announcement in mid-October may have caused some buyers to push their purchasing plans into the future because it was unclear if rates were going to be hiked again or remain stable. Generally speaking, when we have periods of static interest rates, consumer confidence returns to the market. We can recall earlier in the year when rates plateaued; we saw an uptick in sales in the weeks after. However, when rates began to rise again, we saw consumer confidence falter.”



5 Canadian Cities and Towns
For People Who Love the Beach

3. Tofino, British Columbia

Imagine golden sunsets, all-season surfing, whale watching, and decadent seafood; that’s Tofino in a nutshell. This coastal town is straight out of a summer movie.

The beaches

Tofino is home to some of the most beautiful beaches in Canada. Chesterman Beach is the birthplace of Tofino’s storm watching tradition and is home to an array of marine life forms. If you’re just looking to visit, consider staying at the Chesterman Beach Bed and Breakfast where you can stay in beachfront suits. Next, the aptly named Long Beach—considered the surf capital of Canada—is famous for its massive waves. It’s also home to Canada’s only all-women surf school. Another beach of note is Cox Bay Beach, where you can find hundreds of driftwood logs and a stunning view of the Pacific Ocean.

The vibe

Tofino has about 2,500 year-round residents. With its mild weather and pristine sand, it’s a paradise for people who’ve dreamed of living on a beach and having a lifelong connection to the waves. If you love the local-business vibe, you’ll love Tofino, which has banned franchise operations in the town. 

Learn more about Tofino, Vancouver Island’s vacation destination, in our Neighbourhood Guide. Image via Unsplash


CMHC predicts 89% nominal price increase by 2030.  Read the full report here.


Early this week the province announced their Short-Term Rental Accommodations Act.

From the Ministry of Housing:

The legislation focuses on three key areas:

    •    increasing fines and strengthening tools for local governments;
    •    returning more short-term rentals to long-term homes; and
    •    establishing provincial rules and enforcement.

Changes to how short-term rentals operate will come into effect through a phased-in approach and will include:

Increasing fines and better tools for local governments:
    •    increasing fines for operators breaking local rules to support local municipal bylaws, and requiring short-term rental platforms to share data to strengthen local enforcement;
    •    requiring online short-term rental platforms to share their data with the Province, so the Province can provide that information to local governments for enforcement and support of provincial and federal tax auditing;
    •    requiring short-term rental platforms to include businesses licence numbers on listings where they are used by a local government, and to remove listings without them quickly to ensure local rules are being followed; and
    •    giving regional districts the ability to issue business licences so they can more effectively regulate short-term rentals in rural areas.




Financial Post - 3.4 million Canadians will renew their mortgages by 2025 — and they're worried The days of “rock-bottom rates” are over and mortgage borrowers will have to adjust to the new reality. That’s the message from real estate brokerage Royal LePage, which released a poll Oct. 26 showing elevated homeowner anxiety about the coming wave of mortgage renewals.
Storeys - Government of Canada 'actively examining' action on short-term rentals The jury is still out on whether British Columbia's recently announced actions against illegal short-term rentals will have their desired effects, but it's now received a big endorsement from Minister of Finance and Deputy Prime Minister Chrystia Freeland, who says the federal government is following suit.
Financial Post - Record-high mortgage stress test puts homes out of reach for more Canadians Home prices have fallen in Canada, yet at the same time buying a home is becoming more unaffordable. So how does that work?
CBC Toronto - Rockier road to 1.5M new Ontario homes, construction industry insiders say Ontario faces a tough road to meet its goal of building more than a million new homes. Construction industry insiders say the latest government policy reversal and elevated interest rates wreak uncertainty for developers.

Canadian Mortgage Professional - The Bank of Canada has left its benchmark rate unchanged at 5.00%
Storeys – Population growth in Canada is outpacing housing completions by 40%
Storeys – Home prices may be down, but income needed to buy is up
Stress test: 4 in 5 Canadian mortgage holders worried about payment hikes (Global News)
Financial Post – Bank of Canada hold means 'suffocating' mortgage payments to stick around
Globe and Mail – Bank of Canada says it is not seeing the decline in house prices it had expected
New home sales soared last month as buyers swarmed the market before mortgage rates could rise even more (Yahoo Finance Canada)
Financial Post – HAIDER & MORANIS: Trudeau's bashing of real estate investors shows lack of understanding about housing
Globe and Mail – Worried preconstruction homebuyers test their options
Globe and Mail – GOLD: B.C.’s Airbnb crackdown will devastate some real estate investors
Canadian Mortgage Professional – Bank of Canada likely to begin cutting rates in mid-2024: CIBC's Tal
Canada still hasn’t seen the full impact of BoC rate hikes: National Bank (Better Dwelling)
Toronto Star – More than half of Toronto condos built in recent years were investor-owned, StatsCan report finds
Canadian Mortgage Professional – How can Canada's housing affordability crisis be solved?
Canadian Mortgage Professional – Canada housing crisis: How can the country build more homes?
Home sales, prices will likely fall in short term but pick up next spring: TD report (Yahoo Finance Canada)
New report shows just how far out of reach home ownership has become (Global News)
How much mortgage can the median household income afford in these cities? (
What a rate pause at 5% means for homeowners (BNN Bloomberg)
Amid housing crisis many cities have vacant residential land: StatCan (Global News) 
Share of Canadians missing mortgage payments is down from last year: CMHC (Global News)
About 60% of outstanding mortgages facing payment shock in next 3 years: RBC (Yahoo Finance Canada)
Homebuyers turn to alternative lenders for mortgages as rising rates make qualifying harder (The Globe and Mail)
Canada can’t double its housing output & rate hike impact still coming (Better Dwelling)
Inventory and new housing starts rising, prices falling: CMHC (Real Estate Magazine)
What the CMHC says it wants from cities seeking federal housing cash (Global News)
Storeys – New B.C. legislation will override cities, allow 6 units per lot
Vancouver Sun – PALMER: End of the line for single-family neighbourhoods in most of B.C.
Fixed-payment variable rate mortgages a “dangerous product,” says OSFI (Canadian Mortgage Trends)
Expected wave of mortgage renewals contributed to latest rate hold: Bank of Canada (Canadian Mortgage Trends)
Canada’s housing affordability sees significant ‘deterioration,’ report says (Global News)
Toronto Star – Homeowners on the brink face tough choice of selling home as mortgage payments climb
Survey shows more than 50 per cent of Canadians at risk of missing mortgage payment within 3 months (The Nelson Daily)
Latest in mortgage news: BC regulator slaps CIBC with $3.4M fine over mortgage violation (Canadian Mortgage Trends) 
Canadians co-purchasing homes “sure to run into conflict” without plan (Wealth Professional)
Victoria Times Colonist - Tiny Town sold but expected to stay in Victoria
Victoria Times Colonist - Les Leyne: Rent long-term or sell, minister tells vacation-rental owners
Victoria Times Colonist - Massive Roundhouse project to go to public hearing in next few months
Victoria Times Colonist - Victoria council considers camping ban in four more parks
Victoria Times Colonist - Greater Victoria real estate sales drop amid interest-rate uncertainty
Victoria Times Colonist - $286M, 306-bed long-term care facility planned for Nanaimo area
Expect soft B.C. home sales the rest of the year, says real estate association (Business in Vancouver)
B.C. advancing plan to get more affordable housing built (Global News)
New legislation aims to create more small-scale and multi-unit housing in B.C. (CBC)
Real estate professional shortage in B.C.? Immigrants fast-tracked under new credential-recognition legislation (Real Estate Magazine)


"Success is not final, failure is not fatal: It is the courage to continue that counts." – Winston Churchill

Unlocking a Unique Value Proposition: I'm not just a real estate agent or a mortgage agent – I'm both. Benefit from advanced marketing strategies and expert guidance. Reach out today to begin your journey, and if you've had a great experience, please consider referring friends and family.

Diana Winger Personal Real Estate Corporation
 eXp Realty | CNE, SRS, SRES, ABR
Mortgage Agent Level 1 Valko Financial LTD #13047
Dominion Lending Centres | |
(250) 588-8839  (226) 705-3369
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Oct. 20, 2023

How did this get SOLD so fast in the Gorge Neighbourhood in Victoria?

🎉 #SOLD 🎉 This beautiful property just sold in multiple offers using our creative and effecitive marketing strategies. 


Congrats to our amazing clients for putting their trust in us! 🙏

🏡 Interested in knowing what homes are going for in your neighbourhood ? 🏡 


⬇ Click below to find out! ⬇ 


Oct. 16, 2023

Time to renew your Mortgage? We can help!




Home listing surge and buyer demand cools in Canada’s largest markets (Canadian Mortgage Trends)

Financial Post- What the global bond meltdown means to you — and your mortgage The selloff in government bonds in recent days is being called the “one of the most violent recalibrations” of the bond market in recent years, and the shock waves are being felt around the world.

CBC News - A 47-year mortgage? They're out there — and even longer ones could be coming Canada's top banking regulator will soon implement new guidelines for the mortgage market, aimed at reducing the risks posed by negative amortization mortgages — home loans where the payment terms have ballooned by years and sometimes decades because payments are no longer enough to pay down the loan on the original terms.

Average rent price rose 10% to a new record high in August (Canadian Mortgage Trends)

The Times Colonist - Trevor Hancock: The economy must serve the people and respect the Earth's limits

How have Canadian home prices changed over the past five years? (Real Estate Magazine) According to CREA, the benchmark price for a home in Canada reached $757,600 in August, compared to $543,000 in August 2018, a 40 per cent increase in five years. In that same time period, Canada’s months of inventory plummeted from 5.4 to 3.4 months, amplifying the affordability crisis.

Developer says it’s moving to build 5,000 rental units because of Liberals’ GST break (Lethbridge News Now) According the CMHC, the country needs to build about 3.5 million more units than its current pace of building by 2030 to restore affordability.

Prepare for five to 10 years of financial disruption from persistent high interest rates (The Globe and Mail)

Real Estate Magazine – Today’s values of homes bought during the pandemic

Financial Post - Canadians willing to sacrifice financial security for homeownership High mortgage rates and rising inflation haven’t discouraged Canadians from their homeownership dreams, according to a new report by real estate marketplace Zolo. The study, which interviewed 800 homeowners who bought homes in the past four years, found that Canadians are willing to sacrifice their financial security for a place to call their own.

CBC News – Is the housing crisis pricing out the skilled newcomers Canada wants to attract?

CBC News – Will switching to a heat pump save you money? Here's how to find out

Financial Post – Class action against Toronto real estate industry over commissions gets green light

Despite minor improvement, housing affordability remains near all-time worst level: RBC (Canadian Mortgage Trends)

Home insurers aiming for ‘climate risk’ rating system to deal with extreme weather events (Global News)

Real Estate Magazine – Meeting the ever growing demand of co-homeownership

Financial Post – At least $1 trillion needed to achieve housing affordability, CMHC says

Toronto Star – Canada is building fewer homes today than during the 2020 lockdowns — and ‘the worst is yet to come’

High stakes for homeowners facing choice between fixed- or variable-rate mortgage (BNN Bloomberg)

The housing crisis is not just a supply issue. Here are two solutions to fix demand (The Globe and Mail)

Building industry still pushing for contractor licensing to rein in scams, unfinished work (CBC)

Pricing pressure continues to ease across most of Canada: RBC Economics (Real Estate Magazine)

Bond yields surge to new heights, mortgage rates expected to jump another 20 bps (Canadian Mortgage Trends)

Single-detached housing starts down 25% from last year: CMHC (Canadian Mortgage Trends) 

CBC B.C. – B.C. government orders 60,000 new homes built in 10 municipalities the next five years

The Times Colonist - Saanich council softens planned restrictions on where dogs can be off leash in parks

Globe and Mail – B.C. looks to set up housing development program for middle-income residents

Victoria Times Colonist – Victoria overhauls missing-middle housing rules to kickstart building

Victoria Times Colonist – Saanich aims to ease the rules to build non-market housing

Victoria Times Colonist – Tsawout Nation embarks on economic development push, from seaweed to whale-watching to construction

‘I have to pinch myself’: Homeownership empowers people on B.C. reserve (Global News)

The Times Colonist - September's real estate sales up vs. same month last year

Victoria mayor urges province to tackle short-term rentals (Business in Vancouver) 

The Times Colonist - B.C. experts went to Turkey to study its devastating earthquakes. This is their advice

Victoria Times Colonist – Victoria council to mull incentives to ensure more rental projects are built

Diana Winger Personal Real Estate Corporation
 eXp Realty | CNE, SRS, SRES, ABR
Mortgage Agent Level 1 Valko Financial LTD #13047
Dominion Lending Centres | |
(250) 588-8839  (226) 705-3369
Sept. 15, 2023

Navigating the Home Selling Process: What Happens When a Buyer Makes an Offer? This Week in the Victoria Real Estate News.

When a Buyer Makes an Offer, What Happens Next?

Imagine you’re selling your home and an offer from a buyer comes in. You’re excited. Your home might soon be sold!

What happens next?

Typically, we will review the offer together. There will likely be several things about the offer that need to be carefully considered. The most common are:

  • The offer price.
  • Evidence the buyer is financially able to purchase the property.
  • Conditions on the offer, if any.

If the offer price is far less than you anticipated, there might be an opportunity to counter-offer at a higher price. This is part of the art of negotiation, which is an important step in selling your home successfully.

The buyer’s ability to afford your property is also important. Ideally, you’ll want to see a Pre-Arranged Mortgage Certificate from the buyer’s lender, or some other evidence that there won’t be any financial problems closing the transaction. The amount of the deposit is also key.

Finally, you’ll want to look at conditions. The most popular condition requires that your property pass a home inspection, but there may be others. Obviously, an offer with no conditions is ideal.





Financial Post – Real estate sector breathes sigh of relief after Bank of Canada holds rate at 5%

Financial Post- New Canadian homes could be too risky to insure as weather changes, experts say

CREA NEWS - 8 things to think about before running a short-term rental

CTV News - New survey reveals how Canadians feel about various housing policies Roughly three in five Canadians support decreasing the number of immigrants coming into the country until housing becomes more affordable, according to a new national survey.

Financial Post – Homeowners in these parts of Canada have built hundreds of thousands in equity in 5 years

Bank of Canada - Bank of Canada maintains policy rate, continues quantitative tightening

Bank of Canada offers a reprieve for mortgage borrowers, but leaves door open to more hikes (Canadian Mortgage Trends) 

What the Bank of Canada's rate hold means for mortgage owners (BNN Bloomberg) 

RBC CEO sees interest rates coming down next year, allowing for soft landing (BNN Bloomberg) 

‘Unpredictable’ Bank of Canada looms over fall housing market. Here’s why (Global News) 

Canadians are terrified to renegotiate their mortgages: Former Canadian politician (BNN Bloomberg) 

Canadian home prices forecasted to be flat this fall amid high interest rates: report (City News) 

Home prices in Canada are so stretched that even owners want them to fall (BNN Bloomberg) 

Housing affordability declines in August across provinces, except B.C. (Calgary Herald) 

After the wildfire: Inside the struggle to rebuild homes in Canada (Global News) 

Weak GDP data means Bank of Canada rate hikes could be “over and done” (Canadian Mortgage Trends) 

Financial Post - Poll finds a lot of Canadians want to sell their homes within 3 years Most Canadian homeowners are not looking to sell in the next three years, but if all those who are planning to sell follow through, there could be a historic number of properties hitting the market, according to a new report by personal finance company NerdWallet Inc.

Storeys – Canada will still need 3.5M more homes by 2030 to restore affordability

Mortgage interest costs now up over 80% since the start of the BoC’s rate hikes (Canadian Mortgage Trends) 

'We need to get a lot of stuff built': CMHC finds Canada still short 3.5M housing units for 2030 (CTV) 

Credit card debt hit all-time high in Q2 as financial pressure builds: Equifax (CTV) 

CIBC sees “no areas of concern” as 100,000 mortgage clients renewed at higher rates so far this year (Canadian Mortgage Trends) 

Average asking rents in Canada reached another record high of $2,117 in August: report (CTV) 

One-quarter of mortgage-holders reportedly struggling to make monthly payments (Toronto Sun)  

Victoria Times Colonist –  Greater Victoria real estate sales picked up mid-August

Victoria Times Colonist –  Spot mopping and no baths: As reservoirs hit lowest level, Tofino reduces water use

Victoria Times Colonist –  Early budgeting in Saanich a 'shocker,' signals possible big tax jump

Could pre-fabrication be the key to unlocking B.C.’s housing supply crunch? (Global News) 

B.C. sets maximum allowable rent increase for 2024 (iHeart Radio) 

Victoria Times Colonist – Connecting quality condos to dream locations: Victoria’s Tresah and The Rise on Fifth

Victoria Times Colonist –  Two new towers at Dockside get a green light

Victoria Times Colonist –  Victoria grants $2.5 million for hospitality-worker housing project

Victoria Times Colonist - Victoria council asks province for red-light and speed cameras Cameras could be installed at 50-plus intersections in Victoria.

Victoria Times Colonist – Scaled-back apartment building pitched for Esquimalt site, but some neighbours still wary

Victoria Times Colonist – Victoria approves 91-unit project at Quadra and Fisgard with minimal parking

August home sales fall in B.C. after spring surge: BCREA (Business in Vancouver) 

Creatively United's Event Calendar

Victoria Times Colonist - Victoria considers resurrecting master plan for Ship Point

Victoria Times Colonist – View Royal votes to require use of electricity for primary heat in new builds


“Your passion is waiting for your courage to catch up.”

Isabelle Laflèche

As always, I'm here to answer any questions you may have about real estate, whether you're getting  mortgage, buying, selling, or simply curious about the market. Feel free to reach out to me anytime by phone or email. Wishing you a fantastic week ahead, and may your real estate journey be filled with success and opportunity.

Diana Winger Personal Real Estate Corporation
 eXp Realty | CNE, SRS, SRES, ABR
Mortgage Agent Level 1 Valko Financial LTD #13047
Dominion Lending Centres | |
(250) 588-8839  (226) 705-3369
Sept. 1, 2023

Half Price Homes, The Housing and Mortgage Market Review: August 2023 Numbers Are in, Victoria Real Estate Market Needs Better Mix of Housing Supply to Help Restore Balance & The News.

 Victoria Real Estate Market Needs Better Mix of Housing Supply to Help Restore Balance 

Victoria real estate market needs better mix of housing supply to help restore balance

A total of 544 properties sold in the Victoria Real Estate Board region this August, 13.8 per cent more than the 478 properties sold in August 2022 and an 8.6 per cent decrease from July 2023. Sales of condominiums were up 10.8 per cent from August 2022 with 164 units sold. Sales of single family homes increased 9.6 per cent from August 2022 with 273 sold. “Real estate activity this month reflected what we’d expect to see in an average late summer housing market,” said Victoria Real Estate Board Chair Graden Sol. “The beginning of the month was reasonably slow, and sales ramped up through the last half of the month. The brisk sales pace leading up to the end of August may very well continue into September.”



How to Decide if a Neighbourhood is Right for You

Say you’ve found a house for sale in an area that’s unfamiliar to you. How do you figure out if it’s going to be the ideal neighbourhood?

The first step is to take a walk. Stroll the neighbourhood and explore. If you get the chance, chat with homeowners and get their opinions of the area. Ask what they love about it. Also ask what they don’t like.

Next, determine how the neighbourhood is going to fit with your lifestyle. You’ll want to consider things like commuting routes, local amenities, schools, parks, shopping, etc. Google Maps is a great tool for this. Just turn on the satellite view and get a bird’s eye view of the area and its features.

Finally, get the latest data on neighbourhood characteristics such as noise, demographics, crime rates, and more. You’ll be surprised by how much data is available, and the valuable insights you can gain about what it’s going to be like to live there.

If the neighbourhood turns out to be a good fit, consider making an offer on that house!






These updates provide valuable insights into the current market trends and help you make informed decisions. Stay informed about the real estate landscape with these top headlines:

The Housing and Mortgage Market Review: August 2023 - Interest rate hikes are taking some steam out of the housing market

Did you hear about that place in Canada where people are building 10,000 new homes and selling them for half the price? That is what is taking place right now in Waterloo Region, one of the epicentres of Canada’s housing crisis. - MILLS: A solution for today’s housing crisis lies in Canada’s wartime past

CREA - Settling into your new school district after a move

CREA - 6 red flags home inspectors can warn you about

Financial Post - Why millennials will feel the biggest pain if the economy sours

CBC Sunday Magazine – The federal government used to build social housing. Then it stopped. How is that going?

Global News – As a first-time homebuyer, how much money do you really need for closing costs?

Financial Post – Growing wildfire risk will result in rising insurance premiums, experts say

Canadian Mortgage Professional – What's next for home prices in Canada?

Canadian Mortgage Professional – What type of homes are Canadians currently buying?

inhabitat – Here are the latest sustainable construction materials

Fast Company – Washington state is treating housing as healthcare. The results are impressive

Your high interest rate private mortgage is coming due. Here are your options … (Toronto Star) 

CREA - What do Canadian real estate markets look like heading into fall?

Global News – Trudeau says climate change will make insurance ‘more difficult’ to get

Financial Post – My mortgage is coming up for renewal – what should I do now?

Storeys – Condo amenities: 2023 power rankings

Financial Post – Bank of Canada may pause rate hikes when it sees this big data

Financial Post – Canada among new countries to pass crucial tipping point that triggers mass EV adoption

Bloomberg – U.S. home prices climb for fifth month with inventory still tight

Bloomberg – First-time buyers leave U.K. housing market as mortgage rates jump

Bloomberg CityLab – Climate change is forcing building materials of cities to evolve

Business Insider – A mystery company backed by Silicon Valley billionaires has purchased tens of thousands of acres of land for more than $800 million to build a new city near San Francisco

Fast Company – Goodbye golf. The next big luxury amenity is a big wave surf pool

Magnitude of credit losses will depend on BoC’s ability to orchestrate a soft landing: RBC (Canadian Mortgage Trends) 

Trudeau says ‘densification’ is key to fix housing crisis. Is it enough? (Global News) 

The Most Expensive and Most Affordable Monthly Mortgage Payments Across Ontario (

An international strategist says Canada is sitting on the largest housing bubble of all time — is he right? (Inside Halton) 

Mortgage Professionals Canada - The Housing and Mortgage Market Review: August 2023  Interest rate hikes are taking some steam out of the housing market

Economist says housing crisis is worse than it looks due to undercounting of non-permanent residents (BNN Bloomberg) 

Globe and Mail – A million more non-permanent residents live in Canada than official figures, ministers told

Decades of policy failures spurred Canada's housing crisis: Former deputy PM (BNN Bloomberg) 

CREA - 10 weekend ways to update your home without a total revamp

Financial Post - Canadians facing 'payment shock' are running up their credit cards

Canadian Mortgage Professional – What can Canadians expect from the Bank of Canada's next announcement?

Vancouver Sun – Give homeless people cash and they spend it on housing, UBC study finds

CTV News – Trudeau wraps retreat with message to millennials, no new housing plans

Canadian Mortgage Professional – Affordability worsened in most provinces in July: report

How to address the housing crisis in Canada (Global News – Video) 

Construction association says quick action needed to alleviate 'historic national housing crisis' (CTV News) 

Lowest fixed and variable mortgage rates in Canada for August 17 2023 (The Globe and Mail)   

What are the three things the federal government can do to support housing? (Toronto Star) 

“Performance has been stellar” on mortgage renewals so far: BMO (Canadian Mortgage Trends) 

Affordable Housing Has Become Unaffordable to Build (The Tyee) 

Hidden demand for housing: Economists estimate up to one million non-permanent residents missing from official stats (Real Estate Magazine)

Canadian economists predict steady interest rates, falling home prices in 2023 (The Globe and Mail) 

Real Estate Magazine – Co-ownership trend grows among Canadian homebuyers

Globe and Mail – Ottawa to revise how it counts non-permanent residents after economists warn of undercounting

Globe and Mail – Is this the most unaffordable time ever to buy a house?

Bloomberg – 5 wildfire preparation tactics every community should consider

Business Insider – The ultimate real-estate guide: Where homes are most affordable, prices have the most upside, taxes and closing costs are lowest, and rents are falling the fastest

Forbes – If you’re buying a home, don’t make any other major purchases

Why 7 per cent mortgage rates would be unsustainable (The Globe and Mail) 

Dr Sherry Cooper - Rate Hikes Are Definitely Off The Table

Storeys – Serious shortage of seniors’ housing motivates B.C. developer

Fraser Valley, Victoria down payments rise over $100k since 2018 (Times Colonist) 

Victoria Times Colonist – Beach House restaurant in Cordova Bay has closed and is on the market

Victoria Times Colonist – Now open: residents move into Esquimalt's newest retirement community

B.C. housing market to weather storm of potential rate hikes: industry association (Business in Vancouver) 

How BC Could Tax Soaring Property Values for the Public Good (The Tyee) 

Business in Vancouver – Tax wealthy homeowners to fund affordable housing, says new B.C. proposal

Georgia Straight – See inside Arthur Erickson’s iconic Eppich House II

Victoria Times Colonist – Nanaimo bans natural gas as primary heat in new homes as of July 2024

Housing construction crisis ahead, says B.C. home builder (Business in Vancouver) 

B.C. urges Bank of Canada to avoid 'devastating' interest rate hike in September (City News) 

Victoria Times Colonist – HeroWork shuts down, cites rising construction costs


“Tell me and I forget. Teach me and I remember. Involve me and I learn.”
Benjamin Franklin

Can you imagine a financial advisor getting you into an investment — say, a mutual fund — and telling you not to ask about it, or even check on its performance, for the next five years? You would likely balk at such a suggestion and insist that you’d be able to review your investment at least once a year, or even more frequently.

Now, I’m not a financial advisor, I’m a real estate agent. Yet, the same principles apply when owning a home. You don’t want to have five years go by — or even one year — without checking in on your “investment” and seeing how it’s doing for you.

Indeed, it’s important to regularly ask questions like:

  • Is our home still meeting our needs?”
  • “What is the current market value of our property?”
  • “Does our property and neighbourhood still fit well with the lifestyle we want?”
  • “What kind of new home do we qualify for?”

Getting answers to those questions is crucial to managing what may be your most valuable investment: your home.

How often should you do this? I recommend a review once a year.

And, the good news is, you don’t need to go through this process on your own. I can help. When it’s time to review your property investment, give me a call. I can give you the answers and advice you need using the latest market data and information.

Diana Winger Personal Real Estate Corporation
 eXp Realty | CNE, SRS, SRES, ABR
Mortgage Agent Level 1 Valko Financial LTD #13047
Dominion Lending Centres | |
(250) 588-8839  (226) 705-3369
Aug. 25, 2023

Sellers Return, Master Fall Home Selling with This Comprehensive Checklist, Effective Staging & the Housing Affordability Crisis

🏠 Master Fall Home Selling
with This Comprehensive Checklist. 🍁

As the warm summer days give way to the crisp and colourful beauty of fall, the real estate market experiences a shift as well. If you've been contemplating selling your home this fall, you're in luck. This is the perfect time to kickstart your selling process and set the stage for a successful and smooth sale.

Here's why starting early matters: the sooner you initiate your preparations, the more likely you are to attract the right buyers and secure a great deal. To help you make the most of this prime selling season, we've compiled a quick yet comprehensive checklist that covers all the essential steps you need to take.

Let's dive in!

If you’re thinking of selling this fall, this is the ideal time to start the process. The earlier you get ready, the more successful your sale will be. It will likely go a lot smoother, too.

So, with those benefits in mind, here is a quick checklist that will guide you in preparing to list this fall:

• Financials. Find out how much your home will likely sell for in the current market. That calculation is made by looking at what comparable homes in the area have sold for recently.

• Decluttering. The more neat and spacious your home looks to buyers, the more appealing it will be to them. So, be relentless when decluttering.

• Fixing. If anything needs to be repaired or replaced, this is the best time to get that work done. You don’t want to have to scramble to find a contractor later on.

• Staging. Staging is the art and science of setting up a room so that it looks attractive to buyers. Well-staged homes tend to sell faster and for a higher amount. You can stage your home yourself or get professional assistance.

• Scheduling. When you list in the fall, you want to make it as convenient for buyers as possible to book appointments to see your home. So, make sure you have plenty of scheduling flexibility.

• Targeting. Are you also buying a new home? If so, then start the process now. Decide what type of home you’re looking for specifically and narrow your focus to those neighbourhoods you want to get into.

Starting the selling process now gives you a head start when you list this fall. So, begin working through this checklist today.






These updates provide valuable insights into the current market trends and help you make informed decisions. Stay informed about the real estate landscape with these top headlines:

Financial Post - Sellers return to Canada's housing market just as buyers go missing Sellers are returning to Canada’s housing market — in some cases, in droves. New listings were up 5.6 per cent in July from the month before, an increase of 24 per cent since April, reversing declines earlier this year, said RBC economists Robert Hogue and Rachel Battaglia.

Financial Post - How detached home prices sparked a rally in some of Canada's major housing markets this year Detached home prices fell early this year, but an influx of buyers looking to take advantage of cooling valuations ultimately pushed prices back up in some of Canada’s hottest housing markets, though not to year-ago levels, a new report from Re/Max Canada says.

CTV News - One-on-one with Canada's housing minister: Lack of affordability a 'crisis' and an 'opportunity'

As cabinet ministers convene in P.E.I. for a series of meetings largely focused on housing, the federal minister overseeing the file admits a lack of affordability has reached a crisis level for many Canadians.

Real Estate Magazine – Buyer-friendly terrain emerges as Canada’s housing market cools

Storeys – Despite rate headwinds, Canadian home prices manage a near-record jump in July

Globe and Mail – Cities pondering how to protect against wildfire smoke

Toronto Star – MICALLEF: We need a ‘war effort’ approach to solving the housing crisis — from all levels of government

Storeys – Economists expect Canadian home prices to continue moderating, but affordability won’t improve

Canadian Mortgage Professional – Home prices register second strongest monthly increase ever, according to index

Bloomberg – New houses see demand for more bedrooms with rise of hybrid work

Business Insider – A financially independent real-estate investor who had to get creative to afford her first property shares 3 strategies rookie investors can use to get started on a tight budget

Business Insider – A tiny homes village, where rent is under $300 per month, is being developed to help people experiencing mental illness

Diverse Trends Emerge in Canadian Housing: Urban Condos Dip, Suburban Homes Surge (Penticton Herald) 

We need a ‘war effort’ approach to solving the housing crisis — from all levels of government (The Peterborough Examiner) 

The tax risks of renting out your home: Canadian real estate news for August 19 (The Globe and Mail) 

Small buildings won’t solve the housing crisis. Canada’s cities need to go big (The Globe and Mail) 

Fixed rates back as top mortgage product of choice: National Bank (Canadian Mortgage Trends) 

Long-term view shows Toronto and Vancouver home prices remain elevated despite recent decline (Canadian Mortgage Trends) 

Links between housing crisis, immigration must be explored: Miller (Global News) 

Canadian Housing Forecast:Lower Affordability, Less Construction, Bumpy Road Ahead (

Globe and Mail – Canada’s real estate market eases back into balance after summer slowdown

Globe and Mail – BMO: Housing correction looks to have bottomed out

Canadian Mortgage Professional – Effective policy-setting key to strengthening pace of housing construction: report

Fast Company – This tiny house costs $37,600—and guess how it’s made?

Financial Post – Bank of Canada could cut rates by early 2024 — if it goes by this data

Globe and Mail – Canadian insurers weathering wildfire costs but prices for consumers keep rising

Business in Vancouver – Can Canada build 2.2M rental units within a decade?

Mortgage regret: Survey shows Canadians are stressed about their current mortgage (CTV News) 

CBC B.C. - 181 properties confirmed damaged or destroyed by wildfires in B.C.'s Okanagan region An estimated 181 properties have been partially or completely destroyed by wildfire in and around West Kelowna, B.C., officials announced Wednesday, saying residents will soon be able to check the status of their homes online.

Globe and Mail – Indigenous group opposes housing density on B.C.’s Salt Spring Island

Victoria Times Colonist – CONDO SMARTS: Strata owners must budget to protect their investments

Victoria Times Colonist – OPINION: Victoria council has been selective in approving housing

CBC B.C. – There are complex reasons for our dire wildfires, but scientists say climate change plays key role

Business in Vancouver – B.C. tourism employment hits five-year high

Times Colonist - Raw 911 data paints complicated portrait of crime in Victoria

Times Colonist - Calls to close Cowichan River to fishing as 'dead zone' forms

CBC B.C. – What you should know about home insurance if you've been displaced by wildfires

Times Colonist - Langford residents call for action to deal with open drug use, sheltering at Danbrook Park

Times Colonist - Fire officials' advice for making homes less vulnerable to wildfire

Times Colonist - Railyards residential development in Vic West complete after 21 years

CBC B.C. – Major economic losses in B.C. Interior as wildfires snuff out big events

Victoria Times Colonist – East Sooke Park expands with 25-acre land acquisition


“A year from now you may wish you had started today.”

Karen Lamb

Don't wait any longer! Begin ticking off items from your fall home selling checklist today and pave the way for a successful and lucrative sale. If you're ready to take the plunge, our expert team is here to guide you every step of the way.

Diana Winger Personal Real Estate Corporation
 eXp Realty | CNE, SRS, SRES, ABR
Mortgage Agent Level 1 Valko Financial LTD #13047
Dominion Lending Centres | |
(250) 588-8839  (226) 705-3369
Aug. 8, 2023

Victoria Real Estate Update July 2023: Sales Reflect Summer Trends & Getting Family Members Enthusiastic about Moving

Victoria Real Estate Update July 2023: Sales Reflect Summer Trends &  Getting Family Members Enthusiastic about Moving

Getting Family Members Enthusiastic about Moving

You may be excited about selling, but do your other family members share your enthusiasm? Kids can often be hesitant about, or even resistant to moving. That can make the selling process more stressful.

The good news is, there are ways to get everyone in the family keen on the idea.

One effective technique is to get everyone involved in the planning process, especially kids. Seek their input. Keep them informed. Include them in conversations. The less of a mystery the move is to them, the more comfortable they’ll feel about moving. 

When it comes to kids, another technique is to show them what their new neighbourhood is going to be like. (Or, if you haven’t purchased yet, show them the areas you’re targeting.) Point out schools, parks, and other neighbourhood features. That will build their anticipation.

For those family members who seem particularly troubled about moving, take the time to have a frank conversation with them. Let them relate their concerns. Sometimes having their concerns heard is all that’s needed to help them feel better about selling and moving.

Of course, there’s no perfect solution. But, these techniques can help get everyone in your family keen on the adventure.





Who wants to join me on the next fitness challenge? 
It's Online & starts August 14th for 8 weeks, gym or no gym.  Let’s GOOO!!

Check Out This Week's Meal Prep Idea Video


“Today’s accomplishments were yesterday’s impossibilities.”

Robert H. Schuller

When you find a professional you trust, you want to get as much value from that person as possible. That is especially true if that professional provides excellent service.

That’s why you don’t get your lawncare done by a great contractor only once.

That’s why you don’t hire a fantastic investment advisor and use them for just one transaction.

That’s why you don’t see a wonderful dentist and never make another appointment.

And yet, when it comes to real estate, many people wonder what more they can expect from their real estate professional once their home has been sold and their move is done.

The answer is: plenty.

Indeed, I’m a huge believer in providing ongoing services to my clients in the months and years between their moves. Those services can include annual checkups, client appreciation events, being available when they have real estate questions, and, of course, these regular newsletters.

The bottom line: I’m here for my clients. So, think of me as you would your favourite mechanic, investment advisor, dentist, or any other professional you count on.



Diana Winger Personal Real Estate Corporation
 eXp Realty | CNE, SRS, SRES, ABR
Mortgage Agent Level 1 Valko Financial LTD #13047
Dominion Lending Centres | |
(250) 588-8839  (226) 705-3369
July 28, 2023

Charming Home for Sale in Saanich Near Gorge Waterway & Downtown Victoria | Your Dream Home Awaits!

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387 Vincent Ave

🏡 Welcome to 387 Vincent Avenue, Saanich Gorge! 🌳🏞️ 

🔑 Explore the details and fall in love with this charming home in the serene neighbourhood of Saanich Gorge. Check out this diamond in the rough being offered for sale for the first time in 64 years!  Your dream home awaits you! 😍🏡

📌 Property Details:

🛏️ Bedrooms: 4

🛁 Bathrooms: 2

🚗 Parking: 2

📐 Square Footage: 1769

🌳 Lot Size: 6891 Square Feet


🏠 Property Features

Step inside and be captivated by the potential, this property offers:

🔹 South Yard

🔹 Basement

🔹 Garage

🔹 Open Concept

🔹 Excellent Location 


🌆 Neighbourhood Highlights

Located in the picturesque Saanich Gorge area, this home offers more than just a beautiful living space. Discover the neighbourhood's perks, such as:

📍 Near the Gorge Waterway

📍 Kayaking

📍 Paddle boarding

📍 Beach & Parks

📍 Amenities


🚪 Schedule a Viewing

Ready to make this house your new home? Don't miss the chance to experience its charm in person! Schedule a private viewing by contacting:

📍 Victoria & Vancouver Island Realtor

📞 Diana Winger Personal Real Estate Corporation


📱 250-588-8839


💻 More Information & Photos

For additional details and a closer look at this property, visit the links below:







🏞️ Embrace the Lifestyle:

Discover the perfect blend of comfort and nature in this lovely home. Embrace the opportunity to create lasting memories with your loved ones.

Book a Showing

Please let us know if you have any questions and what preference you have in booking a viewing time.  You can reach us at 250-588-8839 or by email at

Diana Winger Personal Real Estate Corporation
 eXp Realty | CNE, SRS, SRES, ABR
Mortgage Agent Level 1 Valko Financial LTD #13047
Dominion Lending Centres | |
(250) 588-8839  (226) 705-3369
July 17, 2023

Bank of Canada Raises Key Rate to 5% and Prime Now 7.2%, 10th Rate Hike, Maybe One More? Addressing Mortgage Risk, Job Gains Triple, ExtraOrdinary People, Bikes, Building Permits Down & More

Monitoring Devices for Seniors

The 2020s may become known as the decade in which we re-evaluated our homes, and found ways to make them better serve our needs. Part of that assessment has already begun, especially amongst seniors who desire greater independence and want to continue to enjoy comfortable, productive lives in their own homes. Enabling their wishes in as safe an environment as possible often requires support from other family members and/or caregivers. It’s a big responsibility that may be eased somewhat by increased confidence in the latest electronic monitoring devices.    

Thanks to improved portability and tracking capabilities, the latest models of these devices are less restrictive and require less input from users. Some types monitor vital statistics such as heart rate or blood pressure. Others track movement from room to room, or doors unlocking, while some even monitor medication schedules or facilitate live one-on-one conversations. With so much technology available to help seniors live in ways they prefer, it’s important to consider all aspects of electronic supervision, and have frank conversations about the costs and benefits of the various options.



Eagles - Hotel California (Ao Vivo 1994)


Times Colonist - An ordinary man, an extraordinary life: David Foster's tribute to Frank Copley 

Times Colonist -  Commissionaire, 95, still standing on guard at Dockyard

Times Colonist - From Dallas Road to Lochside Trail, there's no shortage of routes for a summer bike ride

Times Colonist - Two more long-term care facilities considered for Vancouver Island

BC Hydro's distribution grid not keeping pace with development (Business in Vancouver) 

Times Colonist - New cruise-ship pollution rules leave gaps, environmentalists say

Times Colonist - Gallery: 2023 Victoria Pride Parade in photos

Times Colonist - Cyclists ride to Oak Bay hall to keep up pressure for bike lanes

Times Colonist - Dallas Road brush fires show how dry conditions are: Victoria Fire

B.C. building permit downturn accelerates in May (Business in Vancouver) 

B.C. mortgage calculator: A simple way to examine interest rate changes (Global News) 

Times Colonist - Missing the rain: Drought started in spring, no relief in sight

Times Colonist - 760-home Nanaimo project stalls amid First Nation’s concern about its ancestral village

Times Colonist - Sarah McLachlan headlines Courtenay's Musicfest this weekend

Bank of Canada raises key interest rate to 5%, highest since 2001 (Globe and Mail) 

Big banks raise prime rate to 7.2% after Bank of Canada hike (Financial Post) 

Bank of Canada delivers 10th rate hike, markets not convinced this will be the last (Canadian Mortgage Trends) 

OSFI proposes capital requirement changes for lenders and mortgage insurers to address mortgage risk in Canada (Canadian Mortgage Trends) 

Canada's job gains triple forecasts, strengthening case for Bank of Canada rate hike (Financial Post) 

As Canadian housing crisis rages on, is ‘financialization’ really to blame? (Toronto Star) 

Sales Of Condos In Calgary Up Nearly 50% From 2022 (Storeys) 

House price increases will likely slow this summer, experts predict (Toronto Star) 

Fixed mortgage rates keep rising, and could continue as bond yields near 4% (Canadian Mortgage Trends) 

Stretching mortgage amortizations could cost you more than you think (Global News) 

Canadians reporting insolvency hits record high just before Bank of Canada expected to hike interest rate (Financial Post) 

Calgary real estate market sizzles as newcomers flock to Alberta (Financial Post) 

Lumber prices stabilize to new normal levels (Business in Vancouver) 

Rising interest rates worry 7 in 10 Canadians — and another hike could be coming (Global News) 

More than half of Canadians $200 away or less from not being able to pay all of their bills (iHeartRadio) 

How another Bank of Canada rate hike will affect the housing market (Financial Post) 

Bank of Canada will hike interest rates one more time: CIBC (Financial Post: Video) 

Moving from a condo to a house (iHeartRadio: Audio) 

Bank regulator mulls changes to ensure banks can absorb mortgage risks (Globe and Mail) 

What mortgage owners need to know about the Bank of Canada's rate hike (BNN Bloomberg) 

Bank of Canada rate hike could put more pressure on landlords, expert says (BNN Bloomberg) 

Are we done with rate hikes? Here's what the Bank of Canada has to say (BNN Bloomberg) 

Inflation will linger for longer, Bank of Canada says (BNN Bloomberg) 


“One of the hardest things in life to learn is which bridge to cross and which bridge to burn.”

David Russell

Asking a question is about the smartest thing you can do. Asking questions helps you get the information you need to make better decisions. So, when you have a real estate-related question, feel free to call or email.


Diana Winger Personal Real Estate Corporation
 eXp Realty | CNE, SRS, SRES, ABR
Mortgage Agent Level 1 Valko Financial LTD #13047
Dominion Lending Centres | |
(250) 588-8839  (226) 705-3369