Blog

  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

  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

  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

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

      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,

    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

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

  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

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