British Columbia Canada
Victoria’s real estate market needs a better mix of housing supply to help restore the balance August 2023 Victoria Real Estate Market Stats show that a total of 544 properties were sold in the Victoria Real Estate Board region this August. This is 13.8 percent more than the 478 properties sold in August 2022, and […]
Spring is traditionally the busiest real estate season, but early on Victoria’s market sees a change May 2, 2022 A total of 824 properties sold in the Victoria Real Estate Board region this April, 26.2 per cent fewer than the 1,116 properties sold in April 2021 and a 1.1 per cent decrease from March 2022. […]
Record low inventory prevents Victoria real estate market from cooling-off A total of 718 properties sold in the Victoria Real Estate Board region this February, 16.8 per cent fewer than the 863 properties sold in February 2021 but a 51.5 per cent increase from January 2021. Sales of condominiums were down 7.9 per cent from […]
Canadian housing market expected to remain strong this fall, despite Delta variant, say RE/MAX brokers and REALTORS® Young families driving demand for single-detached homes in cities across the country Canadian housing market prices are anticipated to increase by 5% in the remaining months of 2021, according to RE/MAX brokers and agents. 26/29 major Canadian housing […]
Victoria housing inventory continues to decline over summer months driving inventory even lower. July 2021 Victoria Real Estate Market A total of 835 properties sold in the Victoria Real Estate Board region this July, 14.7 per cent fewer than the 979 properties sold in July 2020 and 11.4 per cent fewer than the previous month […]
Low inventory and strong demand continue in the Victoria real estate market. A total of 942 properties sold in the Victoria Real Estate Board region this June, 16.6 per cent more than the 808 properties sold in June 2020, but 10.2 per cent fewer than the previous month of May. Condominium sales were up 61.7 […]
The fast pace of Victoria real estate market surges on with a total of 1,173 properties sold in the Victoria Real Estate Board region this March, 92.9 per cent more than the 608 properties sold in March 2020 and 35.9 per cent more than the previous month of February. Sales of condominiums were up 111.8 […]
Resilient commercial real estate markets in Western Canada expected to rebound in latter half of 2021, says RE/MAX Industrial and multi-unit residential asset classes to lead the way Kelowna, BC (February 25, 2021) — While endless challenges faced commercial real estate markets in 2020, investors and end users in Western Canada showed incredible resilience in their […]
The Victoria Real Estate Market Sees a Strong Start to 2021! A total of 646 properties sold in the Victoria Real Estate Board region this January, 57.2 per cent more than the 411 properties sold in January 2020 and 2.4 per cent more than the previous month of December. Sales of condominiums were up 83.1 […]
While COVID-19 and social distancing adaptations have proven challenging for the overall economy, there has been an upswing of activity in most BC submarkets since the spring. Here are the Real Estate markets to watch this winter. Although overall, post-COVID economic recovery isn’t in sight just yet. The need for affordable housing options is dire in this province. A large gap remains between available housing options […]