Good news makes for a buoyant market. It looks like the turbulent and uncertain waters of inflation on our real estate market are behind us and it’s back to confidence. The news has been positive on many fronts since my last newsletter. The Bank of Canada held rates for the second time in a row … » Learn More about Real Estate Market Update for Victoria – April 2023
Victoria Real Estate Market Update – March 2023
Here comes the spring market!!! As expected, the Federal Government’s indication of interest rate stability by choosing not to raise interest rates in March, and recent announcement showing inflation continues to fall has breathed confidence back into the market in Victoria, a real estate market plagued with low inventory and soaring demand. The Sales-to-Active Listings … » Learn More about Victoria Real Estate Market Update – March 2023
Victoria Real Estate Market Update – February 2023
A frigid January in the real estate market Consumer confidence remained cool in the real estate market in the first half of January this year with sales quite cold but warming up towards the end of the month. The slowing of interest rate hikes with a modest 1/4 point rise this month coupled with indications … » Learn More about Victoria Real Estate Market Update – February 2023
Victoria Real Estate Market Update – September
Victoria Real Estate Market Update | Average Home $1.27M. The benchmark price for a home in Greater Victoria area was down 2.9% to $1,391,700 from July’s value of $1,433,400.
Real Estate Victoria | Market Update – July 2022
Not surprisingly the slowdown in the real estate market in Victoria continued with the Sales-to-Active Listings ratio down to 29.7% at the end of last month. This represents another 10% drop in sales over inventory month over month and the move back towards a balanced market. As this is a bit of a trailing indicator … » Learn More about Real Estate Victoria | Market Update – July 2022
