September 2023 The Victoria real estate market has remained steady this summer. Inventory of homes on the market is still well below historic averages for this time of the year. Increased interest rates have slowed certain sectors of the market, but overall, prices have remained firm due to the lack of supply combined with […]
Read MoreAugust 2023 The Victoria Real Estate market might not be as hot as the weather this summer, but the overall market is doing quite well, especially considering the interest rate increases that keep coming. Prices are stable and, in some areas, going up slightly. Overall, the July and August numbers have been decent all […]
Read MoreJuly 2023 Summer is in full swing and the weather has been excellent in Victoria. The market has also been quite strong in certain areas and the demand for Buyers wanting to live in our great city never seems to wane. The interest rate increase is hurting a lot of the entry level markets […]
Read MoreJune 2023 The Victoria Real Estate market is slowly picking up this spring but mostly in certain high demand locations. The high interest rates are keeping sales and prices flat throughout most of the region, including the Westshore. Victoria and Saanich are experiencing an uptick in certain high demand areas resulting in some price increase […]
Read MoreMay 2023 The Victoria Spring market is well underway. This year has been slower than usual, and the continued high interest rates combined with lower-than-normal inventory levels are keeping sales numbers on the lower side, resulting in a more balanced market for Buyers and Sellers. Overall prices have remained stable while some neighbourhoods are experiencing […]
Read MoreHAPPY EASTER! April 2023 The early spring market is showing signs of improvement due to a growing consumer confidence and increased demand for housing. The interest current rates are becoming the new norm and average prices, while still dropping slightly in some, are holding steady for the most part. Sale volume increased month over month, […]
Read MoreMarch 2023 The Victoria Real Estate market remained stable in February with prices dropping slightly while monthly sales increased from the previous month. The overall listing inventory remains low which should help keep prices from dropping much further in the coming months. However, the higher interest rates appear to be with us for the foreseeable […]
Read MoreHAPPY VALENTINE’S DAY! February 2023 The Victoria Real Estate Market started out slow as January sales were the lowest since the financial crisis fallout in 2009. The continued high interest rates appear to be the main reason for the lower numbers. The overall market will be slower in 2023, and prices may continue to […]
Read MoreJanuary 2023 I Hope you and your family had a wonderful holiday season. 2023 is upon us and I wish everyone all the best throughout this year. Real Estate wise, it should be an interesting year as interest rates remain high and prices continue to soften. The future market activity is too hard to […]
Read MoreDecember 2022 Have a wonderful Holiday Season and a great New Years! As we near the end of 2022, the current market conditions continue to be greatly affected by the rising interest and mortgage rates resulting in lower sales numbers, slight price drops and higher listing inventory. This trend should continue in 2023. Below are […]
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