Tag Archives: Home Sales
Strong Victoria real estate market again in October
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
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 »
Strong Sales and Stable Market Conditions Continue Through September
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 »
Surprising Summer Sales for Victoria and Area Real Estate
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
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!
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
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
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!
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 »
Strongest May for Home Sales Since 2007
Vancouver, BC – June 13, 2014. The British Columbia Real Estate Association (BCREA) reports that a total of 8,729 residential sales were recorded by the Multiple Listing Service® (MLS®) in May, up 13.9 per cent from May 2013. Total sales dollar volume was $4.9 billion, an increase of 20.6 per cent compared to a year Continue Reading »