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
YYJ Real Estate
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.
Victoria Real Estate Market Update – June 2022
The shift towards a balanced market continues. In May we saw the effect of the Fed’s (Bank of Canada) interest rate hikes and the uncertainty in the economy as a whole. Although the economy continues to show great strength here combined with low unemployment, inflation and the fears associated with it are putting a long … » Learn More about Victoria Real Estate Market Update – June 2022
Victoria Real Estate Market Update – May 2022
Is change in the air. Rising inflation, rising interest rates and rising uncertainty seem is simmering just below the surface of a still hot, but markedly cooling real estate market. The Sales-to-Active listings ratio dripped last month to 60%. Although a substantial drop as you’ll realize if you’ve been following my newsletter, it’s also still … » Learn More about Victoria Real Estate Market Update – May 2022
Victoria Real Estate Market Update – April 2022
Is there change in the wind? As expected inflation is on the rise hitting levels not seen in decades. This is hardly surprising given the money printed to keep the economy from falling off a cliff during the pandemic combined with the supply chain issues we are all too familiar with. One of the leaders … » Learn More about Victoria Real Estate Market Update – April 2022
