Victoria Real Estate – Average home sale generates $32,000 for economy.

Posted by & filed under Victoria Real Estate Update.

For every Real Estate purchase that takes place in the Greater Victoria area generates hugh amounts of extra business for the community. British Columbia being the highest at an average of $40,450 per sale. According to an article in the Times Colonist by Eric Beauchesne, CanWest News Service, a industry study released Tuesday shows each home sale on average generates […]

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Another Glorious Day in Victoria (Even in the Rain)

Posted by & filed under Victoria Real Estate Update.

Another Sunday morning and another bike ride with the group. The weather was a little iffy this morning and that may have explained the less then stellar turnout for the ride. It was threatening rain all morning and the forecast was not that promising. Today’s adventure was to Shawnigan Lake. Shawnigan Lake is located some […]

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Victoria Housing Market Outlook for the Rest of the Year

Posted by & filed under Victoria Real Estate Update.

Canadian Mortgage and Housing Corporation (CMHC) is reporting that the Victoria market is starting to stabilize with minimum price increases over the remainder of 2007 at five percent, and a slowing to two to three percent for 2008. Prices are moderating do to a shift in the balance between supply and demand. There had been […]

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Colwood Council Looking to Change Property Highrise Bylaw

Posted by & filed under Victoria Real Estate Update.

Let the building begin. It looks like Colwood Council is looking to change the height restrictions in its city core. This looks to break up the council log- jam blocking some high-rise development proposals. I have seen numerous adjustments lately in the Greater Victoria area when it comes to building height limits do to the […]

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