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January 2016

Found 3 blog entries for January 2016.

There is a new arrival at the office of Ron Neal and The Neal Estate Team at RE/MAX Alliance Victoria … meet Dolly! Dolly is fifteen pounds of Brindle French bulldog and she is very happy to meet you. In fact, she’s become an integral part of our RE/MAX Alliance family and her owner, Jamie, explains the difference she makes in a work day:

“She spends her days in our office at RE/MAX Alliance bringing smiles to faces, she turns moments of frustration into deep breaths with the wiggle of her bum when she sneaks into people’s office unexpectedly for a quick back scratch. From time to time she unexpectedly greets our clients and to their surprise they find themselves smiling too.”

This positive effect jives with several studies that demonstrate the

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BC Property Value Assessment notices went out last week to owners of the approximately 360,000 households on Vancouver Island. Most notices reflect changes of between -5% and +10% for property values on the island from July 2014 to July 2015. Despite the overall robust market, some property values declined in the period. The cumulative value of property on Vancouver Island raised from $164 Billion to $170 Billion and more than $2 Billion of that increase was from new construction, subdivisions and rezoning.


 The summary below demonstrates market trends for the period for typical single family homes throughout Greater Victoria:


If you are concerned that your new BCAA property assessment does not accurately reflect your property’s value, you

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The year ended with continuing strong demand and short supply with 465 sales in December, 19.5% higher than December of 2014. The number of active listings at the end of the month was down 21.6% from the same time last year to only 2,517 listings. There were 8,295 sales reported on Victoria MLS for the year, our strongest year since 2007.

There are many factors that influence our market. Trends can rapidly change with local, provincial, federal and global events. As we’ve witnessed, subtle changes with mortgage rules or interest rates can change things swiftly. The current strength of the market comes from consumer confidence also fueled by strong investment from buyers from outside of our market area (primarily lower mainland and Alberta). It’s my

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