Category Archives: Housing in Canada
Will there be a July 15 interest rate cut?
Written on July 7, 2015 at 10:02 am, by Ingrid Jarisz
by Steve Randall | 07 Jul 2015 The recent events in Greece have created an unprecedented situation and one which is causing ripples throughout the world’s economies. It has meant a surge in speculation by analysts about whether the bank of Canada will take a pre-emptive strike against potential weakness emanating from the Eurozone. However Continue Reading »
Victoria Real Estate Market Still Strong and Steady
Written on June 1, 2015 at 5:39 pm, by Ingrid Jarisz
The Victoria Real Estate Board today released its report on real estate activity in the Victoria area for May 2015. A total of 905 properties sold in the Victoria Real Estate Board region this May, a 26.8% increase compared to the 714 properties sold in the same month last year. “May was another great month Continue Reading »
Victoria Real Estate Market Activity Continues to Exceed Expectations
Written on May 4, 2015 at 12:00 pm, by Ingrid Jarisz
The Victoria Real Estate Board today released its report on real estate activity in the Victoria area for April 2015. A total of 840 properties sold in the Victoria region this April, a 26.5% increase compared to the 664 properties sold in the same month last year. “We’ve seen modest sales increases in the area Continue Reading »
Another Busy Month for the Victoria Real Estate Market
Written on April 1, 2015 at 8:45 pm, by Ingrid Jarisz
The Victoria Real Estate Board today released its report on real estate activity in the Victoria area for March 2015. A total of 734 properties sold in the Victoria region this March, a 27.7% increase compared to the 575 properties sold in the same month last year. “We saw 393 single family homes in the region 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 »
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 »
Strong Sales and Stable Market Conditions Continue Through September
Written on October 1, 2014 at 11:01 pm, by Ingrid Jarisz
October 1, 2014, Victoria BC – The Victoria Real Estate Board today released its report on real estate activity in the Victoria area for September 2014. 565 properties sold in the region this September – an increase of 16% compared to the 487 properties sold in the same month last year. The quarter ending in 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 »
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 »