Market Updates

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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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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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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April 5, 2023

Housing Stats, Growing Demand, BC Homes for People, Understanding Market Value, Spring Market, Rates are Falling….Time to Lock in?

Understanding Market Value

When you decide to put your house up for sale, we will start by working together to determine the market value of your property. That’s important to know because if you price your home too much above its market value, you probably won’t get any offers. Alternatively ...

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Feb. 4, 2023

Victoria Market Statistics Update, Sell Your Home Faster, High Borrowing Costs, Pitfalls of New Builds, Kitchen Renos, Limited Supply & More

A slow start to the year may not foretell the future for the Victoria housing market

February 1, 2023  A total of 278 properties sold in the Victoria Real Estate Board region this January, 41.4 per cent fewer than the 474 properties sold in January 2022 and a 13 ...

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Jan. 4, 2023

Happy New Year! What to expect from inflation, interest rates and the housing market in 2023. Does your Home Still Match your Lifestyle? Synthetic and Composite Countertops & More

The 2022 Victoria Real Estate Market Year in Review

January 3, 2023  A total of 320 properties sold in the Victoria Real Estate Board region this December, 26.9 per cent fewer than the 438 properties sold in December 2021 and a 16.7 per cent decrease from November ...

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Dec. 17, 2022

Helping Homeowners and Buyers Navigate New Federal Tax Changes, What Consumers Need to Know Video, Re-energize, Showcase and Leverage.

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5 Ways to Re-Energize in Just 5 Minutes

December tends to be a busy month for most people. It’s all-too-easy to feel drained and even burned-out. Unfortunately, you may not have the luxury of time to relax with a good book or go to ...
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Dec. 2, 2022

BC Government Removes Age and Rental Restrictions to Strata Title Properties, Balanced Market and Listings, Sales and Avg. Prices are down

A total of 384 properties sold in the Victoria Real Estate Board region this November, 41.2 per cent fewer than the 653 properties sold in November 2021 and 20 per cent fewer than in October 2022. Sales of condominiums were down 42.4 per cent from November 2021 with ...

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Nov. 2, 2022

Victoria Real Estate Market update, Ban on Foreign Investment, Secrets for Selling your Home, Ban on Off-Market Listings

Victoria Real Estate Board Market Update
 

A slight uptick in sales and inventory, but Victoria market still requires commitment to homes

November 1, 2022  A total of 480 properties sold in the Victoria Real Estate Board region this October, 35.6 per cent fewer than the 745 properties sold in October 2021 but a ...
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Oct. 27, 2022

Closing Day, Renos Yay or Nay? Interest Rate Rise & More...

Should You Buy a Home that Needs Work?

Imagine you find a home on the market that checks all the boxes. There’s only one issue. It needs work. Perhaps the paint has faded, or the kitchen is old, or there are repairs needed.

Should you make an offer on that ...

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