• 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 - Tag: News

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 - Tag: News

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 »

Decrease in First-Time Buyers: March Updates - Tag: News

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 »

Changes in the Market: December Updates - Tag: News

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 »

Record Sales - October Updates - Tag: News

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 - Tag: News

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 »

Record House Prices in Victoria - New Mortgage Rules Come into Effect - Tag: News

Posted by Jack Barker

On July 1st the Canada Mortgage and Housing Corporation (CMHC) new mortgage rules came into effect. These changes are meant to reduce the risk of taxpayers footing the bill for bad loans, as well as protecting homebuyers who would be likely to take on too much risk in an economic downturn. 

These rules include: 

Read More »

How Might The Property Market Change After Covid-19 - Tag: News

Posted by Jack Barker

As buyers and sellers return to the market (and with open houses and presentation centres now reopening, albeit with pandemic related safety measures in place), it’s a good time for everyone in real estate to consider if the near future will look different.

In particular, we’re going to look at how the priorities for buyers might change, and how that could affect the market. 

Read More »

Protocols for Returning to Operation - Tag: News

Posted by Jack Barker

It has been a challenging time for everyone these last few months, and some restrictions are being lifted in BC. But what does this mean for resuming viewings in the BC real estate market?

Social distancing is still of course in effect, and employers are required to develop a COVID-19 Safety Plan that outlines the policies, guidelines, and procedures they have put in place to reduce the risk of transmission. This means identifying protocols that everyone at the workplace must follow to keep people safe. 

Read More »

 
Back To Top