Tag Archives: real estate

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 »

I attended the Annual Victoria Real Estate Board election meeting this week where Cameron Muir, Chief Economist of BC Real Association spoke. He had some strong, positive news to report and feels the media and news are exaggerating some of the declines these past few months and feels as we head into 2013 we will see  Continue Reading »

VICTORIA, BC— The August real estate market continues to be steady and flat, considered by the Victoria Real Estate Board to reflect the “wait and see” attitude its Member REALTORS® are hearing from the buying public. Total MLS® residential sales for August 2012 was 462 compared to 542 for the same period in 2011. During  Continue Reading »

Demographic conditions in the next decade will be as supportive as in the past decade – and might soften housing correction TORONTO, Aug. 23, 2012 /CNW/ – Housing market activity is projected to soften in the near-term, but the good news is any adjustment will not be aggravated by negative demographic forces. In fact, at  Continue Reading »

VICTORIA BC – Real estate activity continues to be steady in Greater Victoria, reflecting favourable conditions attributed to stable pricing, low interest rates and good selection. Total MLS® sales for July 2012 were 523 compared to 523 for the same period in 2011. During the month, 293 single family homes sold throughout the Victoria Real  Continue Reading »