Category Archives: Economy
Victoria Real Estate Market continues 2014’s upward trend
Written on February 2, 2015 at 12:30 pm, by Ingrid Jarisz
The Victoria Real Estate Board today released its report on real estate activity in the Victoria area for January 2015. 351 properties sold in the Victoria region this January, an increase of 2.6% when compared to the 342 properties sold in the same month last year. “We don’t expect to see big numbers in January. Continue Reading »
Should I Buy a House Now or Wait?
Written on January 15, 2015 at 2:03 pm, by Ingrid Jarisz
In the market for a new home this year? Then you must be quaking in your snow boots after the news agencies reported the recent catastrophic predictions of Duetsche Bank. According to the international Bank’s chief international economist, Torsten Slok, Canadian homes are 63% overvalued—the single largest prediction of doom for this country’s housing market. Continue Reading »
Will real estate sales in Victoria continue the upward trend into 2015?
Written on January 5, 2015 at 12:33 pm, by Ingrid Jarisz
The Victoria Real Estate Board today released its report on real estate activity in the Victoria area for December 2014. 389 properties sold in the Victoria region this December, an increase of 9.6% when compared to the 355 properties sold in December last year. Overall, 2014 saw 11.67% more sales than in 2013. Continue Reading »
Steady Real Estate Market in Victoria Continues as 2014 Sales Surpass 2013 Numbers
Written on December 1, 2014 at 4:32 pm, by Ingrid Jarisz
The Victoria Real Estate Board today released its report on real estate activity in the Victoria area for November 2014. 465 properties sold in the Victoria region this November, an increase of 12.9% when compared to the 412 properties sold in November last year. “This year has been great for Victoria real estate, we’ve seen Continue Reading »
Strong Victoria real estate market again in October
Written on November 3, 2014 at 11:21 am, by Ingrid Jarisz
November 3, 2014, Victoria BC – The Victoria Real Estate Board today released its report on real estate activity in the Victoria area for October 2014. 602 properties sold in the Victoria region this October, an increase of 17.6% when compared to the 512 properties sold in the same month last year. “Here Continue Reading »
Bank of Canada Interest Rate Decision – October 22, 2014
Written on October 22, 2014 at 1:38 pm, by Ingrid Jarisz
The Bank of Canada once again chose to maintain it’s target for the overnight rate at 1 per cent this morning. In the statement accompanying the decision, the Bank noted that core inflation, which excludes volatile prices such as energy and food, has risen more rapidly than expected due to unexpected sector-specific factors while CPI Continue Reading »
Surprising Summer Sales for Victoria and Area Real Estate
Written on September 2, 2014 at 12:17 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 »
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 »