• Victoria
  • Sidney
  • Saanich Peninsula
    250-656-4626
In your neighbourhood...
  • Victoria
  • Sidney
  • Saanich Peninsula
    250-656-4626
In your neighbourhood...

Blog

Moving to Victoria - October Property Market Updates - Category: Real Estate

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.

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Victoria Housing Trends – September Updates - Category: Real Estate

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.

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What First Time Buyers Should Know Before Starting Their Search - Category: Real Estate

Posted by Jack Barker

Buying a house or condo for the first time is exciting, but as with anything you do for the first time, there can be a few unknown elements along the way. It can be a complex process and there is a lot to consider.

First thing is to make sure that the time is right. Do some soul searching and make sure you want to buy a home because you genuinely want a home — not because you need an investment or simply think it’s “time” to settle down.

Homes require a great deal of time, money, and energy to purchase and maintain. You want to love your home. If the timing isn’t right, you may regret the decision. If it is the right decision, then great! You can move onto the next step. 

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Things to Consider When Downsizing - Category: Real Estate

Posted by Jack Barker

Downsizing in property refers to when you move out of a property into a smaller one. This is often a decision made by those who now have an empty nest, are struggling to deal with the upkeep of their home, or are finding the related costs hard to deal with.

It may just be that you are eager for a change, want to simplify your life, want to move closer to friends or family members, or want to start a new phase in life. While many people have been trying to upsize throughout their home-buying journey, downsizing can offer so many options!

But before selling off all the major assets, there are a few things to consider before getting started.

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Avoid Money Pit Problems & Get a Home Inspection Before Purchasing a House - Category: Real Estate

Posted by Jack Barker

There are many reasons to be excited about purchasing a new home, but there are potential issues as well. Every time one thing comes to mind, you realize the money it could cost to repair or maintain it. Getting a home inspection completed can avoid blowing out your budget and make the process exciting all over again. 

If you are a first-time homebuyer, an inspection can give you a crash course in home maintenance and a checklist of items that need attention to make your home as safe and sound as possible. Whatever the situation, addressing issues early through a home inspection can save you tens of thousands of dollars down the road.

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3 Reasons You Should Consider Buying a House With a Friend - Category: Real Estate

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. 

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Buying Property Without Seeing it in Person - Category: Real Estate

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. 

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Sellers: Tips on Staging Your Home for Sale - Category: Real Estate

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!

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Changes in the Market: December Updates - Category: Real Estate

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. 

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