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

Blog

Record Sales - October Updates - Tag: Data

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. 

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2020 BC Assessments Due - Tag: Data

Posted by Jack Barker

Whether you’ve already received yours or are expecting one soon, if you’re among the 374,600 property owners throughout Vancouver Island to receive a 2020 assessment notice from BC Assessment, you may already be reevaluating your future property decisions for the coming year. 

These assessments — which reflect property values as of July 2019 — are issued yearly by BC Assessment based on their yearly analysis of the relevant data. The picture that’s being painted is one of relative stability, especially in the southern areas of Vancouver Island, with shifts falling primarily in the range of  -5% to +5%. However, further upland there are more significant examples of volatility, especially in terms of price increases. 

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Latest Trends In The BC Housing Market - Tag: Data

Posted by Jack Barker

With the recent figures for sales and prices for April and May in the books, it’s clear that the British Columbia housing market remains in a state of flux, with present challenges competing against cautiously optimistic projections to leave forecasters, agents and buyers alike opting for a ‘wait and see’ approach. 

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New Surveys Shed Light On The Concerns Of Young Homebuyers - Tag: Data

Posted by Jack Barker

With home ownership having undergone a volatile transition phase in terms of both volume and demographics, there are now emerging trends that explain what the new generation of homeowners are worried about when it comes to their property decisions.

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Stress Test Policy Leading To A Bottleneck Of Housing Demand - Tag: Data

Posted by Jack Barker

As was expected by many market forecasters, the B20 Stress Test implemented as a part of Federal level mortgage policy has had negative repercussions throughout the housing market.

This is especially true here in British Columbia, with the BCREA observing that residential unit sales figures in March saw a decline of 23% from the same point last year. These figures, coupled with a decline of 5.4% in residential house prices in BC in the same period, painting a stark picture of the current housing market in the province.

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Where Are Buyers Coming From? - Tag: Data

Posted by Jack Barker

We constantly hear about International buyers in BC and many people think that the majority of buyers are coming from overseas and other provinces. Let’s check the real facts...

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