Victoria Real Estate Market Update-July 2024
July 2024 The Victoria real estate market is in a ‘slow but steady’ phase at this time. The high interest rates are keeping sales numbers on the lower side which is contributing to the build up of the listing inventory. This gives more choice for Buyers, while Sellers need to price their properties competitively if […]
Victoria Real Estate Market Update-June 2024
June 2024 The Victoria real estate market has remained resilient through this high interest rate period, and now the Bank of Canada has finally decided to start to lower rates. Listing inventory is currently quite high in our region, while monthly sales numbers have remained seasonally low, yet prices have remained stable. […]
Victoria Real Estate Market Update-May 2024
May 2024 Just like the flowers, the Victoria spring real estate market is in full bloom! Listing inventory has increased substantially from a year ago giving lots of choice for Buyers. Sales are up slightly from last month, but lower than previous years for this time of the year, which may put some […]
Victoria Real Estate Market Update-April 2024
April 2024 The Greater Victoria real estate market is beginning to pick up as we enter the spring season. More homes are hitting the market this year which bodes well for Buyers. Prices remain stable and actually increased slightly in March for the first time in months. The Bank of Canada kept it’s overnight rate […]
Victoria Real Estate Market Update-March 2024
March 2024 The Victoria real estate market is entering the spring market with higher inventory and more choice for Buyers. With monthly listings far surpassing monthly sales, Sellers must price their homes competitively if they are to attract Buyers. The Bank of Canada did not make any rate changes last week, but most are […]
Victoria Real Estate Market Update- January 2024
January 2024 Happy New Year! 2024 is upon us, and the real estate market is poised to improve from the flat 2023 market. Interest rates are projected to start dropping in the spring, and the consumer confidence should increase as the year unfolds. 2023 was more of a watch and see market, with prices dropping […]
Victoria Real Estate Market Update-February 2024
Happy Valentine’s Day! February 2024 The current market conditions in Greater Victoria are one of a balanced market with good opportunities for buyers and sellers. Sales are low but so is inventory, so overall prices are remaining steady and with the high interest rates predicted to continue into the next quarter, the […]
Victoria Real Estate Market Update-December 2023
December 2023 The holiday season is rapidly approaching, and while it is a busy time of the year, it is also a great time to wind down, take some time off and to spend quality time with family and friends. 2023 has been dominated by local news stories and conversations centering around inflationary issues. Whether […]
Victoria Real Estate Market Update-November 2023
November 2023 The Victoria Real Estate market is feeling the effects of the high interest rates. Sales are slowing while inventory is increasing, creating more of a Buyer’s market. While prices in most sectors have remained stable, some areas have seen a slight drop in prices since last month. The positive news for Buyers […]
Victoria Real Estate Market Update-October 2023
October 2023 The Victoria Real Estate market is plodding along with stable prices for the most part and increased listing inventory resulting in more choices for Buyers. Sales are slowing which may put some downward pressure on prices if the interest rates go up again in a few weeks and more Sellers decide to list […]
