Tag Archives: Victoria Market
A STEADY, FLAT REAL ESTATE MARKET CONTINUES IN GREATER VICTORIA
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 Shifts Not as Bad for Housing as Perceived: CIBC
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 »
Activity Continues in Favourable Victoria Real Estate Market Conditions
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 »
SECOND QUARTER OF 2012 GREATER VICTORIA REAL ESTATE MARKET CONTINUES SLOW GROWTH
Last month 370 single family homes sold throughout the Victoria Real Estate Board’s region, whereas 348 sold in June 2011. The average price for single family homes sold in Greater Victoria last month was $580,557, a decrease from June 2011’s average of $618,429.It’s been a typical spring market in Greater Victoria real estate with good Continue Reading »
HARPER GOVERNMENT TAKES FURTHER ACTION TO STRENGTHEN CANADA’S HOUSING MARKET
Recently the Minister of Finance announced changes to the standards governing government-backed insured mortgages: the maximum amortization period was reduced from 30 years to 25years; the maximum amount Canadians can withdraw in refinancing their mortgages was lowered to 80 per cent from 85 per cent of the value of their homes; the maximum gross debt Continue Reading »
The Selkirk Waterfront – Live, Work & Play
Welcome to the award-winning Selkirk Waterfront Community. Located near Downtown Victoria, British Columbia along the beautiful coastal waters of the Upper Harbour, the Selkirk Waterfront Community offers you the best of all worlds. It is here where you’ll discover how the convenience of city living, natural beauty, and thoughtful planning combine to bring you the Continue Reading »
February 2012 Victoria Real Estate Market Reflects Consumer Confidence
VICTORIA, BC-The story continues from last month when the Victoria Real Estate Board reported a relatively stable market when compared to the same time in 2011, but REALTORS® report they are optimistic that new provincial HST transition rules and a New Home First-time Buyers Bonus will stimulate sales of new properties. February’s sale volume was Continue Reading »