Blog

Moving to Victoria - October Property Market Updates - Category: Market Trends

Posted by Jack Barker

With more and more people moving to Victoria and Vancouver Island there is a high demand for properties, but a low inventory, and so house prices are rising.

There is currently about half as many residential listings as we would like to see for a balanced market, resulting in the aggregate price of a home in Greater Victoria increasing 27.7% year-over-year to $957,400 in the third quarter of 2021, while the aggregate price of a home in Canada increased 21.4% year-over-year to $749,800 in the third quarter of 2021.

Read More »

Victoria Housing Trends – September Updates - Category: Market Trends

Posted by Jack Barker

The Victoria real estate market continues to be characterized by low inventory and high prices. There is also a concern that raising interest rates will drastically reduce property market activity and prices across all of Canada.

Because many Canadians carry debt, they are particularly susceptible to interest rate movements – one only has to look at the events of 2018, where the rate of home price appreciation came to an abrupt end due to a series of interest rate hikes.

Read More »

3 Reasons You Should Consider Buying a House With a Friend - Category: Market Trends

Posted by Jack Barker

Purchasing property in this day and age seems like an impossible goal when you’re a single person. Buying a house with a friend can open you up to a lot more possibilities, including specialty loans created just for these situations.

A co-owner doubles your buying power because you’ll be combining your income and savings with someone else. There’s also the added bonus of building a closer relationship with your friend as you own your home together. 

Read More »

Buying Property Without Seeing it in Person - Category: Market Trends

Posted by Jack Barker

The past year has been difficult for many people, but restrictions on gathering in person have also given rise to technology we already had in place to be used differently.

Real estate agents and buyers alike have found that remote viewing is not only possible, but often more desirable for all parties involved.

The use of this technology means that the property can be staged at the seller’s convenience, and they don’t necessarily have to leave the property in order for remote viewings to take place. This also helps buyers who plan to move long distances make a purchase with no regrets.

Here are a few more reasons how and why you can buy a house without ever stepping foot in it. 

Read More »

Decrease in First-Time Buyers: March Updates - Category: Market Trends

Posted by Jack Barker

Much like 2020, 2021 has represented a uniquely challenging and unpredictable time for all of us, and that’s reflected in the most recent news out of the BC Real Estate Market. Here are some market trend updates to know about. 

Read More »

Sellers: Tips on Staging Your Home for Sale - Category: Market Trends

Posted by Jack Barker

If you’re looking to sell your home there are two things you need to know: what does the market look like in my area, and what can I do to make my home as appealing as possible to prospective buyers.

That’s precisely what we’re going to be taking a look at in this post, with an overview of how the Victoria real estate market looks after December 2020, and some tips on how to stage your home to make it as appealing to buyers as possible!

Read More »

Changes in the Market: December Updates - Category: Market Trends

Posted by Jack Barker

As we close out what has been a strenuous year for all of us, we’re ending our monthly roundups for 2020 with some positive news that perfectly sums up what has been a strange year for the BC real estate market. 

Read More »

Pausing Open Houses and EOY Prices - November Updates - Category: Market Trends

Posted by Jack Barker

This month’s news update will look to both the present and the future as we take a look at the latest changes when it comes to open houses, as well as the end of year projections from the BCREA. 

Read More »

Record Sales - October Updates - Category: Market Trends

Posted by Jack Barker

Our latest news update still comes to you from a place of uncertainty. With the pandemic still holding its grip on the housing market, and the economy at large, predicting even as far as next year remains a tricky proposition.

However, the news in the present does present some opportunities for homeowners and buyers alike. Let's take a look. 

Read More »

Positive Trends in BC's Property Market - September Updates - Category: Market Trends

Posted by Jack Barker

For this month’s roundup we figured that everyone could do with a healthy dose of positivity! Something that it seems has been in short supply throughout 2020, with that in mind, here’s a look at some of the positive recent trends in BC real estate. 

Read More »