Happy New Year to all our blog readers.
For those of you who have been following our blogs you know we have been predicting some time now that 2008 will have a good and strong Real Estate Market here in Victoria. All the statistics for the past year should be out shortly and we will keep you posted as always. A recent release from our local Real Estate Board confirms and shows that there are more people of the same opinion:
Tony Joe, 2008 president of the Victoria Real Estate Board, says the Victoria area housing market should remain strong and stable in the coming year. “During the past couple of years we have seen a return to a more balanced market. Demand remains remarkably strong and prices continue to rise, but at a more moderate pace than we have seen in recent years. Barring unforeseen circumstances, all indications point to continued strength and stability in 2008.
Joe added that the Board will enhance its efforts to “go green in the coming year. “One of the Quality of Life principles adopted by our Board is ‘preserving the environment’ and we intend to further our efforts to promote green values as part of the real estate transaction, he said. Joe noted that the Board has had some initial discussions with the Ministry of Energy, Mines and Petroleum Resources about new ways to encourage home owners to heat their homes more efficiently. “We’ve volunteered to run a pilot project in Greater Victoria to inform buyers of the energy efficiency rating of various homes. We think growing public interest will prompt more and more sellers to do all they can to get their homes ‘energy-ready’ before they list for sale, said Joe.
Joe noted that the Board has also volunteered with the Ministry of the Environment to run a pilot project in our Board area to notify buyers of a home’s ‘water-conservation measures’. “We think REALTORS® can play a key role by helping to rate a home based on its use of such items as low-flush toilets, lowflow shower heads, front-end loading washing machines and the use of grey water and rain water, he added. End of Release.
What are your thoughts and predictions for 2008. Please feel free to comment below. Further feel free to contact us any time regarding Real Estate.
In Closing, we would like to Thank You for your past and continued support.
Anders Treiberg, Associate Broker, REALTOR®
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