Victoria Real Estate Market Update-November 2022
November 2022 Victoria experienced a slight uptick in sales volume last month but the overall market is still feeling the effects of the high interest rates and high inflationary times we are currently living in. Inventory is up significantly from a year ago giving Buyers more choice while prices are still trending in a downward […]
Victoria Real Estate Market Update- October 2022
OCTOBER 2022 The Victoria Real Estate market has slowed this Summer but I do not foresee any catastrophic collapse. Sales have slowed significantly over the last few months and Buyers and Sellers are now taking days to put deals together as apposed to hours in the Spring. Currently there is no urgency to act […]
Victoria Real Estate Market Update-September 2022
SEPTEMBER 2022 Hope you are enjoying the tail end of the Summer and this great run of weather we are experiencing in Victoria. The Bank of Canada has increased interest rates this year to try and offset the high inflation rate, resulting in a summer slow down of the Real Estate market. Housing sales and […]
Victoria Real Estate Market Update-August 2022
AUGUST 2022 Hope your summer is going well. The weather has been great and summer holidays are in full swing. Not much to report this month other than the continued slow down in sales and softening of prices predominantly created from the large interest rate increases over the last 2 months. With predictions […]
Victoria Real Estate Market Update-July 2022
JULY 2022 Hope you are enjoying your summer. The Victoria weather is improving this week which is nice to see. Alternately, Victoria’s hot housing market has continued to simmer this summer. The interest rate increases over the last 6 weeks have affected the overall market significantly, and this combined with the usual summer slow down, […]
Victoria Real Estate Market Update-June 2022
JUNE 2022 The Greater Victoria real estate market has made a quick shift from the extremely busy and frantic pace over the last few years to a more practical and calm level. This is a refreshing change and has allowed Buyers to take a deep breath and slow down the home buying process. The rapid […]
Victoria Real Estate Market Update-May 2022
May 2022 Spring is traditionally the busiest real estate season in Greater Victoria, but this trend has been changing this year. Sales have slowed, and listing inventory is on the rise. Interest rates are also on the rise which seems to be the main reason for the sales slow down. Prices are still high but […]
Victoria Real Estate Market Update-April 2022
HAPPY EASTER April 2022 The Victoria real estate market continues to experience low inventory and high demand as the spring market gets underway. Prices remain at record highs. However, there seems to be a slight shift in the market, as fewer homes are receiving multiple offers, and the over all sales numbers slowed for the […]
Victoria Real Estate Market Update-March 2022
March, 2022 The Victoria Real Estate Market is still very busy as the low listing inventory is keeping prices strong while house hunting for buyers remains a challenge. The interest rate increase on March 2nd by the Bank of Canada will not have much impact at this time, but we may see some balancing […]
Victoria Real Estate Market Update-February 2022
February, 2022 Limited listing inventory continues to be a key issue for the Victoria real estate market. The record low number of homes for sale in all categories has created a continued surge in prices and a real challenge for buyers that need housing. The anticipated Interest rate increase did not materialize […]
