Down Payment
Initial cash payment when purchasing Victoria BC property, typically 5-20% or more of the purchase price. Larger down payments may result in better mortgage terms.
Victoria Real Estate Market Update – March 2019
MARCH 2019 Blog: The weather is finally improving in Victoria and the flowers are now starting to bloom. Most of February was snowy and cold, but the temperatures over the last week have improved greatly, leading to an increase in activity in the real estate market which should result in higher sales over the course […]
Victoria Real Estate Market Update – Fall 2017
The Victoria real estate market is undergoing a slight change as the strong market continues into the fall. The average prices appear to have hit a peak as this summer experienced a small price drop for the first time in almost 2 years. The overall listing inventory has increased slightly in September compared to the […]
Victoria Real Estate Market Update-December 2023
December 2023 The holiday season is rapidly approaching, and while it is a busy time of the year, it is also a great time to wind down, take some time off and to spend quality time with family and friends. 2023 has been dominated by local news stories and conversations centering around inflationary issues. Whether […]
Victoria Real Estate Market Update – Spring 2015
The Victoria real estate market is experiencing a surge that has not been experienced since the start of 2010. We have had a large increase in the number of sales this year, and a definite firming up of pricing. In some areas, there has been an increase in the number of homes selling above their […]
Positive Cash Flow on an Investment Property
Positive Cash Flow on an Investment Property Unlike Vancouver with their souring prices, increased sales and increased building starts, Victoria is still lagging behind like most cities across Canada. Victoria had a small increase in sales in March, but still trails the 5 year average. Listing inventory has dropped slightly, but still only 1 in […]
Real Estate Stalemate?
I am always asked the question – where do I see the Victoria real estate market going in the next few months or the next few years. Based on my experience, there is no definitive answer to that question. I have been selling real estate since 1991, and I have been through the last slow […]