Category Archives: Real Estate
Victoria Real Estate Market Changes Tempo for Autumn
Written on October 2, 2017 at 10:03 pm, by Ingrid Jarisz
A total of 640 properties sold in the Victoria Real Estate Board region this September, 18.1 per cent fewer than the 781 properties sold in September last year. “We can certainly feel the difference in the current market when we compare to last year’s record breaking numbers. Last year the pace of the market was Continue Reading »
Victoria Real Estate Market Statistics for August 2017
Written on September 3, 2017 at 1:11 pm, by Ingrid Jarisz
A total of 736 properties sold in the Victoria Real Estate Board region this August, 16.6 per cent fewer than the 883 properties sold in August last year. “I admit to being a little surprised by the August numbers,” notes Victoria Real Estate Board President Ara Balabanian. “I expected inventory numbers to be climbing by Continue Reading »
Victoria Real Estate Market Continues Trend of Low Inventory, High Demand
Written on April 3, 2017 at 4:57 pm, by Ingrid Jarisz
April 2, 2017 – A total of 929 properties sold in the Victoria Real Estate Board region this March, 17.1 per cent fewer than the 1,121 properties sold in March last year. “We predicted early in the year that we wouldn’t see a continuation of the record sales numbers that we saw in 2016,” says Continue Reading »
Victoria Real Estate Market Starts the Year with Fewer Listings and Above Average Activity
Written on February 1, 2017 at 12:45 pm, by Ingrid Jarisz
A total of 478 properties sold in the Victoria Real Estate Board region this January, 11.3 per cent fewer than the 539 properties sold in January last year. Inventory levels edged lower, with 1,516 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of January 2017, 38.6 per Continue Reading »
High Demand Continues as Inventory Shrinks in the Victoria Housing Market
Written on December 1, 2016 at 8:05 pm, by Ingrid Jarisz
A total of 599 properties sold in the Victoria Real Estate Board region this November, 4.5 per cent more than the 573 properties sold in November last year. Inventory levels remain lower than last year, with 1,815 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of November Continue Reading »
Competitive Housing Market in Victoria Continues as Inventory Remains Low
Written on November 3, 2016 at 1:29 pm, by Ingrid Jarisz
A total of 735 properties sold in the Victoria Real Estate Board region this October, a single property more than the 734 properties sold in October last year. Inventory levels remain lower than last year, with 1,938 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of October Continue Reading »
Should You Stress About the Stress Test? What you should know about new mortgage rules.
Written on November 2, 2016 at 11:06 am, by Ingrid Jarisz
On October 3rd, Finance Minister Bill Morneau announced that new mortgage rules will include more stringent “stress testing” for borrowers. The new rules are designed to lower debt levels, enforce some belt-tightening, and protect the housing market over the long term. Here’s how these new rules will affect Canadians. THE HIGH-RATIO RULE There has been Continue Reading »
Victoria Property Sales Continue Record Breaking Pace
Written on September 1, 2016 at 12:26 pm, by Ingrid Jarisz
A total of 883 properties sold in the Victoria Real Estate Board region this August, an increase of 19.2 per cent compared to the 741 properties sold in August last year. “August is a record breaker in more than one way. For the sixth consecutive month, we have a sales record with more sales than Continue Reading »
April Property Sales in Victoria Continue to Exceed Expectations
Written on May 2, 2016 at 9:11 am, by Ingrid Jarisz
A total of 1,286 properties sold in the Victoria Real Estate Board region this April, an increase of 53 per cent compared to the 840 properties sold in the same month last year. Inventory levels remain lower than the previous year, with 2,594 active listings for sale on the Victoria Real Estate Board Multiple Listing Continue Reading »
An Early Spring for the Victoria Real Estate Market?
Written on February 1, 2016 at 11:53 am, by Ingrid Jarisz
The Victoria Real Estate Board today released its report on Multiple Listing Service® real estate activity in the Victoria area for the month of January 2016. 2016 started with the busiest month of sales in January since 2002. A total of 539 properties sold in the Victoria Real Estate Board region this January, an increase Continue Reading »