After declining sales activity for Victoria Real Estate Board each month since May, we experienced a seasonally unusual increase in local sales volume from October to November with a total of 671 properties sold, also 12% more than November the previous year. In fact it was the highest number of sales recorded in November since 1996.

This increase was attributable at least in part to a surge of activity generated from anxious buyers rushing to lock down purchases before new mortgage rules take affect in the new year. The new mortgage rules will decrease the average home buyer’s purchase threshold by more than 20%.

The total number of properties listed and available for sale followed our typical seasonal decline to just 1,764 listings down 7.4%

Westbay Quay condos are within the Westbay neighbourhood in Esquimalt. This neighbourhood has single-family houses, historic properties, and floating homes. It is the perfect location, and community, to add a brand new maintenance-free living option to this area. This condo complex is across the street from a stunning marina that provides links to downtown Victoria within minutes. You’ll have a pedestrian lifestyle, with so many dining, retail, and entertainment options within walking distance.

Westbay Quay Condos Real Estate

The Westbay Quay complex itself is a beautifully designed project that will appeal to many different types of buyers. There are three individual free-standing buildings all within the Westbay Quay complex. All the amenities

Horizon II is a new condo block that is located within the trendy Railyards condo development. Located just off of Bay Street as you cross the bridge into Victoria West, this condo project provides homebuyers with a fantastic environmentally friendly housing option. Just minutes to downtown via bus or bike, you’ll spend more time living and practically no time commuting. With more affordable condo options and convenient amenities close by, the reasons keep mounting as to why you need to check these condos out!

Horizon II Railyards Condos For Sale

The Horizon II is a 4-story apartment-style condo building next to the water. The choice of layout is either a 1 bedroom, 2 bedroom, or 2 bedrooms plus den. The interiors of each unit can be customized

Otto condos for sale are located in the heart of Victoria, BC. Just 10-minutes to downtown and 5-minutes to the University of Victoria, you are in an ideal location within this vibrant city. The Otto is a stunningly designed, environmentally sustainable, and amazingly laid out condo complex. All you have to do is decide if you want an apartment-style condo, a loft, or a townhome. Then you can choose a colour scheme that fits your personality and tastes. These affordable units are perfect for singles, couples, or young families. No matter what you are looking for in a starter home, you’ll find it in an Otto condo!

Otto Real Estate In Victoria, BC

Otto real estate is a project that was created by Casman Properties. The building is comprised of 59

Following a bit of a lull in the wake of rising interest rates, tightening lending policies and many threatened new tax measures, our team has experienced a surge of activity doubling our sales from last month and selling about 1 in 35 of the homes sold in Victoria in October. Some of this is arising clearly from those rushing to lock down financing before the new rules kick in January 1, 2018. The rest is simply from a massive backlog of demand from those who have been unable to make a move when the competition was so fierce. While the race for new listings isn’t over, the number of properties selling with delayed offers and multiple competing bids for over asking price has declined significantly.

As sales have generally declined over the past few

Parkside at Royal Bay homes for sale are located in the gorgeous community of Royal Bay just to the south of the Colwood area. These beautiful properties are just a 20-minute drive to Victoria and a 30-minute drive to the Victoria International Airport. This family-friendly neighbourhood has schools and parks that are conveniently located within or around Royal Bay. Parkside at Royal Bay is also close to many shopping and retail amenities just minutes away!

Parkside at Royal Bay Real Estate

Parkside at Royal Bay real estate is comprised of single-family homes within a master-planned community. These homes range in size from 2,300 sq. ft. to 2,900 sq. ft.. The houses come in many different plans and colour schemes that are sure to appease many

Our hot summer is over and it seems that our hot market is too, other than with a few specific property types, price ranges and neighbourhoods. The volume of sales reported each month since May 2017 has declined each month, but surprisingly the number of available active listings has remained low, hovering just over 1,500 active residential listings.

There were 640 sales reported last month in Greater Victoria which while was 18% less than the 781 reported sold in September 2016, is still more than 10% higher than the 10 year average of 573 sales in September. The number of total listings (including commercial and lots) at the end of September was 1,976 up 3% from the previous month and 4% less than the same time last year.

This proportion of

Dreaming of buying an investment property in Victoria with the intention of turning it into a profitable short-term vacation rental? With recent boosts to Victoria's appeal, including this year's high profile visit for Royals William and Kate and our Number 7 ranking of the Top 25 Condé Nast's recent readers' poll of the “Best Cities to Visit”, Victoria is experiencing an record-breaking upsurge in tourism. In 2016, Victoria International Airport reported a record number of arrivals, and with the favourable differential in the US-CDN exchange rate for Americans, the future is looking very bright for our tourist economy.

Demand for Vacation Rentals in Victoria is on the Rise

According to Tourism Victoria, in 2016 the occupancy rate for

Think Home Staging Isn't Important? Think Again.

Preparing a home for sale can be a daunting task, and hiring professionals to assist could make all the difference between having your home sit on the market for months, with little or no interest, or having an immediate stream of prospective buyers, potentially resulting in a bidding war. Staging isn’t simply about renting nice furniture and artwork for an upcoming open house; it’s much more about the targeted steps required to enhance a home’s salability, curb appeal and first impressions when viewed.

What is Home Staging & Why is it Necessary?

To break it down, home staging is the process of assessing and preparing a home for maximum salability and curb appeal to the largest number of

The real estate market in Victoria generally remains significantly undersupplied. This despite a strong sellers’ market despite the change of government, continuing threats of foreign buyers tax, crack down on vacation rentals and rising interest rates. With still fewer than 2,000 active listings at the end of June 2017 and more than 1,000 sales for the month, we have less than a two month supply of homes for sale. The result is continuing upwards pressure on prices, competing buyers with multiple offers in areas and property types in the highest demand.

There were 1,008 properties sold in June 2017 which was 14% fewer than the 1,174 in June of 2016. This is still tracking more than 20% above the ten year average sales volume of 798 sales for June.