Inventory Low, but Still a Great Variety for Buyers in Victoria

Posted by & filed under BC Real Estate Update, Blog Post.

Victoria Real Estate Board President Guy Crozier confirms that November was another busy month for the popular Victoria real estate market. “Holding true to the theme we’ve seen throughout the year, the Victoria market had another great month of sales, with numbers exceeding those from the same time last year.” A total of 573 properties […]

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CLI Points to Stable Commercial Real Estate Activity Next Year

Posted by & filed under Blog Post, Victoria BC.

The BCREA Commercial Leading Indicator (CLI) declined for a second consecutive quarter, falling 0.2 index points in the third quarter to 120.0. The index was still 1.2 per cent higher year-over-year, due to strong momentum from 2014 that carried into the early months of this year. Third quarter jitters in financial markets and modest employment […]

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Housing Demand to Ease but Remain Elevated in 2016

Posted by & filed under BC Real Estate Update, Blog Post, Victoria Real Estate Update.

The British Columbia Real Estate Association (BCREA) released its 2015 Fourth Quarter Housing Forecast Update. Multiple Listing Service® (MLS®) residential sales in the province are projected to surpass 100,000 units this year. This level of home sales will be the third strongest on record and mark the first year since 2007 that BC home sales […]

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Household Spending Keeps Growing!

Posted by & filed under Blog Post.

Yikes! Canadians kept spending despite economic concerns, according to figures from payment solutions firm Moneris. Its quarterly report shows a 6.8 per cent rise in consumer spending for the third quarter of 2015, with BC (up 10.2 per cent) and Ontario (up nine per cent) leading the way.  Alberta saw a 2.6 per cent rise […]

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Strong Victoria Real Estate Market Continues

Posted by & filed under Blog Post, Victoria Real Estate Update.

The Victoria Real Estate Board today released its report on real estate activity for October 2015. A total of 734 properties sold in the Victoria Real Estate Board region this October, an increase of 21.9% compared to the 602 properties sold in the same month last year. There were 3,170 active listings for sale on the […]

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