Victoria Real Estate Market Update-October 2024
October 2024 The Victoria real estate market continues to remain balanced, with a slight edge for Buyers at this time. The latest interest rate drop has helped bring more Buyers into the market, so the sales numbers were up slightly in September. However, the continued high supply of listings has given Buyers more choice […]
Victoria Real Estate Market Update-September 2024
September 2024 Victoria’s Summer real estate market is coming to an end and the Fall market transition has begun. Activity has picked over the last few weeks, which it typically does after the kids have returned to school and summer holidays have ended. The recent Bank of Canada interest rate drop should also bring […]
Victoria Real Estate Market Update-August 2024
August 2024 The Victoria housing market remains steady for buyers and sellers this summer. Hope you are enjoying this great summer weather. The market activity has been pretty good so if the Bank of Canada lowers interest rates again at the next meeting, the Fall market should remain steady as well. Below are some […]
Victoria Real Estate Market Update-July 2024
July 2024 The Victoria real estate market is in a ‘slow but steady’ phase at this time. The high interest rates are keeping sales numbers on the lower side which is contributing to the build up of the listing inventory. This gives more choice for Buyers, while Sellers need to price their properties competitively if […]
Victoria Real Estate Market Update-June 2024
June 2024 The Victoria real estate market has remained resilient through this high interest rate period, and now the Bank of Canada has finally decided to start to lower rates. Listing inventory is currently quite high in our region, while monthly sales numbers have remained seasonally low, yet prices have remained stable. […]
Victoria Real Estate Market Update-May 2024
May 2024 Just like the flowers, the Victoria spring real estate market is in full bloom! Listing inventory has increased substantially from a year ago giving lots of choice for Buyers. Sales are up slightly from last month, but lower than previous years for this time of the year, which may put some […]
Victoria Real Estate Market Update-April 2024
April 2024 The Greater Victoria real estate market is beginning to pick up as we enter the spring season. More homes are hitting the market this year which bodes well for Buyers. Prices remain stable and actually increased slightly in March for the first time in months. The Bank of Canada kept it’s overnight rate […]
Victoria Real Estate Market Update-March 2024
March 2024 The Victoria real estate market is entering the spring market with higher inventory and more choice for Buyers. With monthly listings far surpassing monthly sales, Sellers must price their homes competitively if they are to attract Buyers. The Bank of Canada did not make any rate changes last week, but most are […]
Victoria Real Estate Market Update- January 2024
January 2024 Happy New Year! 2024 is upon us, and the real estate market is poised to improve from the flat 2023 market. Interest rates are projected to start dropping in the spring, and the consumer confidence should increase as the year unfolds. 2023 was more of a watch and see market, with prices dropping […]
Victoria Real Estate Market Update-February 2024
Happy Valentine’s Day! February 2024 The current market conditions in Greater Victoria are one of a balanced market with good opportunities for buyers and sellers. Sales are low but so is inventory, so overall prices are remaining steady and with the high interest rates predicted to continue into the next quarter, the […]
