Skip to Content

Category Archives: Real Estate

A Return to Balance for BC Housing Market

Written on July 13, 2018 at 2:17 pm, by

  Vancouver, BC – July 13, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 7,884 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in June, a 32.5 per cent decrease from the same month last year. The average MLS® residential price in BC was  Continue Reading »

Continued uncertainty brings predictable results for the Victoria real estate market

Written on July 3, 2018 at 8:53 pm, by

A total of 708 properties sold in the Victoria Real Estate Board region this June, 29.8 per cent fewer than the 1,008 properties sold in June of last year, and a 6.2 per cent decrease from May 2018. The sales of condominiums were down 25.1 per cent from last year in June with 230 units  Continue Reading »

Price Pressure Continues on Lower-Priced Housing in the Capital Regional District

Written on June 1, 2018 at 5:38 pm, by

A total of 755 properties sold in the Victoria Real Estate Board region this May, 25 per cent fewer than the 1,006   properties sold in May of last year, and a 2.5 per cent decrease from April 2018. The sales of condominiums were down 17.4 per cent from last year in May with 237 units  Continue Reading »

Outside Influences Impact Spring Real Estate Market in Victoria

Written on April 3, 2018 at 1:27 pm, by

A total of 688 properties sold in the Victoria Real Estate Board region this March, 25.9 per cent fewer than the 929 properties sold in March last year, but a 26.2 per cent increase from the month previous. The sales of condominiums were down 28.2 per cent from last year in March with 211 units  Continue Reading »

BC’s new real-estate taxes: what you need to know

Written on February 26, 2018 at 6:50 pm, by

MIKE KOZAKOWSKI, CITIFIED.CA Published February 26, 2018 The provincial government has introduced new tax legislation as part of its BC Budget for 2018 that it hopes will cool British Columbia’s rapidly escalating housing prices. Here’s what you need to know if you’re a homeowner in the Capital Region or are planning to purchase property in  Continue Reading »

Victoria Real Estate market begins the new year with low inventory and high demand

Written on February 1, 2018 at 10:42 pm, by

    A total of 431 properties sold in the Victoria Real Estate Board region this January, 9.8 per cent fewer than the 478 properties sold in January last year. The sales of condominiums were down 30.6 per cent from last year in January – with 118 sold. Single family homes were 4 per cent  Continue Reading »

Victoria Real Estate Market Strong to the End of 2017

Written on January 2, 2018 at 3:00 pm, by

A total of 462 properties sold in the Victoria Real Estate Board region this December, 1.9 per cent fewer than the 471 properties sold in December last year. A grand total of 8,944 properties sold over the course of 2017, 15.8 percent fewer than the record breaking 10,622 that sold in 2016. 2017 sales came  Continue Reading »

Victoria Real Estate Market Experiences a Burst of Activity

Written on December 1, 2017 at 12:35 pm, by

A total of 671 properties sold in the Victoria Real Estate Board region this November, 12 per cent more than the 599 properties sold in November last year. “We suggested last month that some buyers may accelerate their purchase timeline to buy a new home in anticipation of the mortgage stress test on uninsured buyers  Continue Reading »

Victoria Real Estate Market Changes Tempo for Autumn

Written on October 2, 2017 at 10:03 pm, by

A total of 640 properties sold in the Victoria Real Estate Board region this September, 18.1 per cent fewer than the 781 properties sold in September last year. “We can certainly feel the difference in the current market when we compare to last year’s record breaking numbers. Last year the pace of the market was  Continue Reading »

Victoria Real Estate Market Statistics for August 2017

Written on September 3, 2017 at 1:11 pm, by

A total of 736 properties sold in the Victoria Real Estate Board region this August, 16.6 per cent fewer than the 883 properties sold in August last year. “I admit to being a little surprised by the August numbers,” notes Victoria Real Estate Board President Ara Balabanian. “I expected inventory numbers to be climbing by  Continue Reading »