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Monthly Archives: August 2014

RBC Forecasts a Moderate Slow Down for Canada’s Housing Economy in 2015 – Steady As She Goes for Victoria’s Market

Written on August 26, 2014 at 8:05 am, by

Canada’s seemingly unstoppable surge in housing sales and price growth may slow down soon according to a new report from RBC Economics. “Strained affordability” and rising interest rates are expected to cool down sales in the market in 2015 while prices will decrease substantially. While resales will still see an increase of 2.1 per cent  Continue Reading »

August continues to be hot and sunny – in the Victoria Real Estate Market too!

Written on August 18, 2014 at 10:04 am, by

Number of Sales is tracking to exceed August 2013, and inventory remains lower than this time last year, so definitely treading in balance market waters…….and no rain in sight to dampen the hot activity that continues with this sunny and warm summer in Victoria! Call me for more details about our current Victoria Real Estate Market.

Winners and losers in Canada’s housing market

Written on August 16, 2014 at 12:00 pm, by

Canada Mortgage and Housing Corp. released a new forecast this week that was more bullish about Canadian prices, sales and construction than its prior forecast in May. But the national figures meld together very different markets from coast to coast. Here’s a regional breakdown of what CMHC is expecting. BRITISH COLUMBIA Overview: -Housing starts are  Continue Reading »

Surprising Summer Sales for Victoria and Area Real Estate

Written on August 1, 2014 at 2:04 pm, by

The Victoria Real Estate Board today released its monthly report on real estate activity in the Victoria area for July 2014. 681 properties sold in the region in the month of July 2014, compared to 583 last year in July – an increase of nearly 17%. June 2014 saw 680 sales. When compared with year-to-date  Continue Reading »