Unwavering demand reinforces need to support supply of homes

Posted on Jun 02, 2021 in Newsletters

June 1, 2021 The Victoria market continued to show its strength through the month of May, with a near record setting pace for sales and ongoing record low inventory levels. A total of 1,049 properties sold in the Victoria Real Estate Board region this May, 129.5 per cent more than the 457 properties sold in May 2020, but 6 per cent fewer than the p...

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Housing in Greater Victoria remains in high demand

Posted on May 04, 2021 in Newsletters

May 3, 2021 “Comparing last year’s April market to 2021 does not provide us any real insight into long term market trends,” said Victoria Real Estate Board President David Langlois. “Instead of comparing to last year’s numbers, we need to look at years before the pandemic to see how April 2021 compares to average. In the most recent five years pre...

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Here Are 7 Strata Terms You Should Know

Posted on May 01, 2021 in Newsletters

One-third of BC residents live in a strata home, whether it's a condo, townhouse, or multi-plex unit.Strata homes are usually more affordable than their single-family counterparts. They can also lessen the burdens of homeownership, with strata residents sharing responsibilities for things like maintenance, snow shoveling, and security. And while th...

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The fast pace of Victoria real estate market surges on

Posted on Apr 05, 2021 in Newsletters

April 1, 2021 A total of 1,173 properties sold in the Victoria Real Estate Board region this March, 92.9 per cent more than the 608 properties sold in March 2020 and 35.9 per cent more than the previous month of February. Sales of condominiums were up 111.8 per cent from March 2020 with 377 units sold. Sales of single family homes were up 88.2 per...

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What Are Your Options After Your Offer Was Rejected?

Posted on Apr 01, 2021 in Newsletters

Finding an ideal home can be a daunting process. First, it involves getting pre-approved by your mortgage professional and finding an experienced realtor® who will represent your best interest. Then looking at all of the homes that fit your needs to find the "right home." Sometimes you may find a home that you're in love with. You write an offer th...

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Victoria Real Estate Market demand surges against limited supply

Posted on Mar 04, 2021 in Newsletters

March 1, 2021 "Our early spring market is in full swing carrying on from a fast start in January," said Victoria Real Estate Board President David Langlois. "Our market remains one with tightly constrained inventory and high demand. The good news is that we have seen some stabilization in listings and condo pricing between January and February, but...

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