Tag Archives: Housing Economy
Should You Stress About the Stress Test? What you should know about new mortgage rules.
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
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
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?
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 »
Strong Victoria Real Estate Market Continues
November 2, 2015, Victoria BC – The Victoria Real Estate Board today released its report on real estate activity for October 2015. A total of 734 properties sold in the Victoria Real Estate Board region this October, an increase of 21.9% compared to the 602 properties sold in the same month last year. There were Continue Reading »
Will there be a July 15 interest rate cut?
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
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
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
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 »
Spring sales start early in the Victoria BC real estate market
The Victoria Real Estate Board today released its report on real estate activity in the Victoria area for February 2015. 542 properties sold in the Victoria region this February, a 31.6% increase compared to the 412 properties sold in the same month last year and a 54.4% increase compared to the 351 properties sold last Continue Reading »