Category Archives: Living in Victoria
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 »
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 »
Where are buyers coming from? Not where you might think!
Written on July 16, 2014 at 11:30 am, by Ingrid Jarisz
The Victoria Real Estate Board recently released some interesting statistics on where buyers are coming from in our region. I have personally seen a marked interest in both buying and selling with the Greater Victoria region in the past few weeks and months which leads me to believe that this is the start of a small, but moderate, Continue Reading »
Spring Sales Continue to Rise in the Victoria Market
Written on June 2, 2014 at 10:31 am, by Ingrid Jarisz
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
Written on April 8, 2014 at 12:02 pm, by Ingrid Jarisz
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 »
Real Estate Activity Continues Ahead of Spring Market
Written on March 4, 2014 at 11:35 am, by Ingrid Jarisz
VICTORIA BC – Real estate market activity in the first two months of 2014 remained slightly ahead of the same period in 2013. Total MLS® sales in February were 412, a 4.6 per cent increase over February 2013 when 394 units sold and a 20.5 per cent increase over the 342 sales reported to the Continue Reading »
January Real Estate Market Starts on Solid Ground
Written on February 3, 2014 at 1:02 pm, by Ingrid Jarisz
Victoria’s real estate market had a solid start in January, re-establishing momentum after the holiday season. Total MLS® sales in January were 342, a 16.3% increase over January 2013 when 294 units sold. January sales were close to the 355 sales reported to the Victoria Real Estate Board (VREB) in December 2013. 2014 VREB President, Continue Reading »