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 Ingrid Jarisz
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 Ingrid Jarisz
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 Ingrid Jarisz
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 Ingrid Jarisz
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 »