August 2020 Market Update

We had quite a month, Victoria! The Real Estate market remained pretty crazy with a continued multiple offer trend in some segments! Take a look at the July update. Sales in July were up nearly 40% compared to the same month last year with Single Family Homes up 61% and Condos up “only” 11.2%. The benchmark price for single family homes increased by 5.7% to $910,400 and condos by 1.7% to $529,900.

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Market Update December 2019

December 2019 Market Update

Happy Holidays! Merry Christmas! And whatever else you may...

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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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Sharing is Caring

'Tis the season for kindness!

This Christmas Season we are proud to support single-parent families in Victoria, in partnership with

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Bank of Canada holds rates steady at 1%

On October 25, 2017, the Bank of Canada announced it was keeping its trend-setting overnight lending rate on hold at 1%. The rate rose by 0.25% in July and again in September. Since then, the Bank has cautioned that future interest rate increases depend on whether economic data suggest that inflation is starting to percolate.

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Victoria Real Estate Market Slowly Stabilizing after a Record Breaking 2016

November 1, 2017 

A total of 664 properties sold in the Victoria Real Estate Board region this October, 9.7 per cent fewer than the 735 properties sold in October last year.


"As expected, we saw fewer sales than this time last year,"

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Summer has gone, long live the Fall!

Summer has gone, long live the Fall!

This summer has been an interesting one.  Record sale prices across the CRD have essentially driven down the amount of sales.  More people have chosen to try and ride this wave out rather than sell their house in this market.  Supply and demand takes over and prices go up.

Fools?  Well, to be a seller means you have to be a buyer as well...

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