Market Update September 2019

Market Update

 

The overall trend in the Victoria area real estate market is continuing with strong sells in entry level homes, and slower sales at the top of the market. The overall sales to active listings ratio was just over 23%, meaning overall we are in what is generally considered a seller’s market however this doesn’t tell the whole story.

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Market Dichotomy A strange new beast

The outside influence on our real estate market continues to drive us into uncommon waters in...

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Bank of Canada: Interest Rate Stays at 1.75%

The Bank of Canada (BoC) is keeping its key interest rate target on hold at 1.75 per cent on Wednesday, citing concerns about the global economy and Canada’s own recent performance.

The central bank said...

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Older Homes:

Victoria is replete with older homes.  It’s a big part of what gives this city its charm.  Taking on an older home purchase can be a daunting task if you don’t know what you’re looking for, so today we’re going to talk about some things to consider when you go house hunting.

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