Market Updates

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

 

CURRENT INTEREST RATES

IN CASE YOU MISSED IT...
MORE 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 ...

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Posted in Market Updates, Vancouver Island Real Estate, Victoria Real Estate
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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 ...

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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 ...

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Posted in Market Updates, Vancouver Island Real Estate, Victoria Real Estate
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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 ...

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Posted in Market Updates, Vancouver Island Real Estate, Victoria Real Estate
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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 ...

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Posted in Market Updates, Vancouver Island Real Estate, Victoria Real Estate
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July 8, 2023

Victoria Real Estate Update July, Affordability Improves, Low Inventory, Strong Demand, 21 Storey Tower Approved, New Terminal, Pride & More

Conclusion of a Strong Spring
Victoria Real Estate Market
July 4, 2023  A total of 705 properties sold in the Victoria Real Estate Board region this June, 15.2 per cent more than the 612 properties sold in June 2022 and a 9 per cent decrease from May 2023. Sales ...
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Posted in Market Updates, Vancouver Island Real Estate, Victoria Real Estate
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June 16, 2023

Happy Father’s Day! Townhome For Sale, Prime Rate at 22 Year High, Canadian Average Home Prices Up Year Over Year, Housing Starts Down, BC Affordable Housing Solution is Right in Front of Us & More Re

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Happy Father's Day!

Savvy Negotiation Helps Win the Deal

Purchasing a home is not the same as buying a product off the shelf. You don’t simply pay the price on the tag and know it’s yours. You can’t just see a home for ...

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Posted in Market Updates, Vancouver Island Real Estate, Victoria Real Estate
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June 3, 2023

Victoria Area May Market Statistics. Features Buyers Want. More Interest Rate Hikes? Housing Supply Crisis Targets Oak Bay, Saanich. Vacancy Tax Expanded. Construction Slowing & More

 

Victoria Real Estate Update | June 2023

SPRING MARKET BEGINS TO GROW
JUST IN TIME FOR SUMMER 
A total of 775 properties sold in the Victoria Real Estate Board region this May, 1.8 per cent more than the 761 properties sold in May 2022 and a 21.7 per ...
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Posted in Market Updates, Vancouver Island Real Estate, Victoria Real Estate
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May 3, 2023

Latest Stats Numbers: Not Enough Growth in Inventory Means Spring Market Sales Slow. Changes to Strata’s with 55 plus Age Restrictions. Economic Insights & the Latest in Real Estate News.
Not enough growth in inventory means spring market sales slow
 
A total of 637 properties sold in the Victoria Real Estate Board region this April, 22.7 per cent fewer than the 824 properties sold in April 2022 but an 8 per cent increase from March 2023. Sales of ...
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Posted in Market Updates, Vancouver Island Real Estate, Victoria Real Estate
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April 27, 2023

Modern Townhome Coming Soon, Tips for Mortgage Renewals, Luxury Market Heating Up, Slow Spring Market, Coast to Coast Housing Market Review

Central Location Modern Townhome w/ Garage 3BR 3BA Extra Parking Award Winning Builder, Pets OK!

Of Monsters and Men - Little Talks 

Is this your Year to Get Gardening?

Whether you have a large backyard or a modest balcony, gardening is fast becoming one of the most popular pastimes across the ...

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Posted in Market Updates, Vancouver Island Real Estate, Victoria Real Estate
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