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Tag Archives: Condominium Living

The Victoria Real Estate Market Chills Out For Winter

A total of 498 properties sold in the Victoria Real Estate Board region this November, 25.8 per cent fewer than the 671 properties sold in November of last year and a 16.7 per cent decrease from October 2018. Sales of condominiums were down 30.9 per cent from last year in November with 152 units sold.  Continue Reading »

Victoria Real Estate Market Strong to the End of 2017

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 Changes Tempo for Autumn

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

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 »

Victoria Real Estate Market Starts the Year with Fewer Listings and Above Average Activity

A total of 478 properties sold in the Victoria Real Estate Board region this January, 11.3 per cent fewer than the 539 properties sold in January last year. Inventory levels edged lower, with 1,516 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of January 2017, 38.6 per  Continue Reading »

High Demand Continues as Inventory Shrinks in the Victoria Housing Market

A total of 599 properties sold in the Victoria Real Estate Board region this November, 4.5 per cent more than the 573 properties sold in November last year. Inventory levels remain lower than last year, with 1,815 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of November  Continue Reading »

Spring Sales Continue to Rise in the Victoria Market

The Victoria Real Estate Board today released its monthly report on real estate activity in the Victoria area for May 2014. 714 properties sold in the region in the month of May 2014 compared to 659 in May 2013 – an increase of over 8% year over year. Compared to last month in April, there  Continue Reading »

No bubble trouble: Genworth’s predictions for the Canadian condo market

Victoria Declining economic output and employment rates curbed growth in 2013, limiting demand for condos. Though with an improving economy, modest improvement is expected for 2014, lifting sales by about 2 per cent. Active condo listings dropped 9.5 per cent in 2013 and the report suggests a further 15 per cent drop is on the  Continue Reading »

ReMax Housing Market Outlook 2014 – Victoria, BC

Victoria’s residential housing market marked a notable turnaround in 2013. Sales gained traction throughout the year, with a solid rally evident over the summer months. The upswing in momentum should see transactions surpass 2012 levels, as 5,800 homes change hands in the city by year end. Inventory has receded and conditions have largely stabilized, with  Continue Reading »

Home Sales Bolstered by Proper Pricing in Greater Victoria

VICTORIA, BC–Finishing up the strongest third quarter since 2009, the Victoria Real Estate Board reports that properly priced homes are selling which, along with reduced inventory levels, contributed to favourable market conditions. Q3 sales totalled 1,610, a year-over-year increase of nearly 15 per cent. On a monthly scale, total real estate sales in Greater Victoria  Continue Reading »