Victoria Real Estate Market Update-May 2025
May 2025 Victoria real estate activity has slowed somewhat this spring compared to the last few years. This is most likely due to the ongoing economic uncertainty generated by the ongoing Trade war with the US, and the continued high interest rates. Prices have remained relatively unchanged over the last few months, which shows the […]
Victoria Real Estate Market Update-February 2025
Happy Valentines Day! Hope you and your loved ones have a very special day February 2025 2025 housing market starts off with a good balance of inventory and stable pricing. The recent interest rate drops and increased tax break thresholds should help increase sales in 2025. The main uncertainty at this point lies with the […]
Victoria Real Estate Market Update-November 2024
October 2024 The Victoria real estate market remains balanced this fall with Increased sales, lower interest rates and a healthy supply of listings. These conditions should remain for the balance of 2024 and into the new year. Below are some of the statistics for October 2024 Listing Inventory: There were 3,161 active listings for […]
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-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-October 2023
October 2023 The Victoria Real Estate market is plodding along with stable prices for the most part and increased listing inventory resulting in more choices for Buyers. Sales are slowing which may put some downward pressure on prices if the interest rates go up again in a few weeks and more Sellers decide to list […]
Victoria Real Estate Market Update-March 2023
March 2023 The Victoria Real Estate market remained stable in February with prices dropping slightly while monthly sales increased from the previous month. The overall listing inventory remains low which should help keep prices from dropping much further in the coming months. However, the higher interest rates appear to be with us for the foreseeable […]
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-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 […]