Victoria Real Estate Market Update – Winter 2017
2017 is already into it’s second month and who would have thought that Victoria would have received a severe snowfall in early February? The real estate market is always temporarily frozen when Victoria gets a snow fall, but things should be back to normal in the next day or so, as the snow is melting […]
Victoria Real Estate Market Update – Fall 2016
Government Intervention – Good or Bad? Wow! The Canadian and BC Governments are sure getting involved with the real estate market in Canada this year, with the intent to try and make real estate more affordable, help Canadians stay in a safer debt range, and to bring in extra tax revenue. The ultimate looser in […]
Victoria Real Estate Market Update – Summer 2016
Greater Victoria Real Estate Summer Outlook The BC Real Estate market has been extremely busy, and the Victoria market has experienced record sales volumes and record price increases over the last 3 months. Also, the BC Government has stepped in to intervene in the market with a number of measures that they feel will help the […]
Victoria Real Estate Market Update – Spring 2016
Greater Victoria Real Estate Spring Outlook If you have read my blogs over the last few years you would see that the Victoria Real Estate market was undervalued and ready for a significant market upturn. However, no one could have predicted the rapid ascent that has transpired over the last 60 days. Interest rates for […]
Victoria Real Estate Market Update – Winter 2016
The Greater Victoria real estate market has been extremely busy so far in 2016. The average prices are up 10% from a year ago, and the listing inventory is down about 25% from a year ago (3200 down to 2400). Sales increased by 50% this January over last. Interest rates are still at historic lows. […]
Victoria Real Estate Market Update – Fall 2015
This fall has been full of surprises. The Blue Jays are in the playoffs, the Canucks started out with a bang, The Seahawks are losing, and oh yeah, Canada has a new Prime Minister – Justin Trudeau of the Liberals. I watched CNN for a while after our election results were finished, and low […]
Victoria Real Estate Market Update – Summer 2015
Victoria really needs rain. Usually this is not a problem in our region, except for this year. 4 months of almost non-stop clear sunny days has been remarkable for outdoor activities and fun in the sun, but it has been hard on the plants, trees, grass and water reserve. The real estate market has been […]
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 […]
Victoria Real Estate Market Forecast 2015
2015 Real Estate Outlook Most Victoria real estate analysts are predicting a similar year to what we just experienced in 2014, which ended with an 11% increase in sales from the previous year combined with an approximate 10% drop in listing inventory, and a 1.8% increase in overall single family home prices. The result was […]
Victoria Real Estate Market Update – Fall 2014
The Victoria real estate market has continued to impress forecasters over the last few months. The overall sales are up about 12% from 2013, and the listing inventory is down about 7%. There are still about 4200 listings on the market for sale, so there is a lot of good choice for buyers. However, the […]
