Category Archives: Real Estate

BC Real Estate Association reports that February BC home sales continued at modest pace & pent-up demand is growing. Victoria’s February 2013 Average House Price of $463,265 is virtually unchanged from 2012’s average of $464,570 (down only -0.3%) and our listing volume has only increased 4% over February 2012 to 3,252 overall residential listings, even  Continue Reading »

VICTORIA BC – The Victoria Real Estate Board reports a total of 394 sales were processed through the Multiple Listing Service (MLS®) in February, an increase of 34% over the previous month. The highest activity was in single-family homes and condominiums. Compared to February 2012, sales were down by 18.26%. Shelley Mann, President of the  Continue Reading »

VICTORIA BC – A slow start to the year in Victoria’s real estate market is evidence that buyers are continuing to wait for prices to drop. Although January 2013 sales are 27% lower than January 2012, the six-month average price for a Greater Victoria home is only down 1% for the same period. “We are  Continue Reading »

Break out the mop and the paintbrush. It’s time to give your home a mini-makeover. I watched the new HGTV Show last night, Buying & Selling, with my two favourite Property Brothers, Jonathan and Drew Scott. I loved how honest they were with the homeowners about cleaning, de-cluttering and staging their home for sale.  Here  Continue Reading »

VICTORIA BC – Victoria’s real estate market ended 2012 with relatively flat pricing when compared to 2011, along with similar sales numbers for the third consecutive year. Total MLS® sales in December 2012 were 283, a 17% decrease over December 2011 when 339 units sold. A different picture is told, however, when comparing full years,  Continue Reading »

VICTORIA BC – While the number of single-family home sales has held relatively steady over the last three months, Greater Victoria REALTORS® are noting a year-over-year decrease that coincided with tighter mortgage regulations imposed in July of this year. Amortization periods were reduced to 25 years for high-ratio buyers – those with less than 20%  Continue Reading »

Two decades after the Jawl family bought a 25-acre former sawmill site on Gorge Road, the final project is going up on the Selkirk Waterfront. Heavy equipment is preparing the last piece of the mill site for a six-storey, $17-million building that will be ready for B.C. Investment Management Corp. in 2015, said Robert Jawl  Continue Reading »

VICTORIA, BC—While prices held steady through most of the Greater Victoria region’s real estate market in October, government lending regulations have had the desired “cooling effect” on year-over-year sales numbers. Total MLS® sales for October 2012 were 373 compared to 483 in October 2011. During the month, 211 single family homes sold throughout the Victoria  Continue Reading »

Don’t waste your hard-earned money on interest! These methods have allowed many people to shorten their mortgage life by years in a very short period and enjoy a greater lifestyle for a longer period.   One of the highest financial priorities of Canadian homeowners is to pay off their mortgage as quickly as possible. Paying  Continue Reading »

The Bank of Canada once again opted to hold its target for the overnight rate at 1 per cent this morning. Interest rates have been held constant for over two years, the longest such period since the 1950s.The Bank somewhat tempered its bias for higher future interest rates, including a softer statement regarding the appropriateness  Continue Reading »