Inventory pressures continue to constrain Victoria real estate market

Nov 1, 2021 A total of 745 properties sold in the Victoria Real Estate Board region this October, 24.7 per cent fewer than the 990 properties sold in October 2020 and 2.1 per cent fewer than the previous month of September. Condominium sales were down 18.1 per cent from October 2020 with 249 units sold. 18.6 per cent fewer condominiums …

A greater commitment to development required to balance local housing market

Oct 1, 2021 A total of 761 properties sold in the Victoria Real Estate Board region this September, 23.1 per cent fewer than the 989 properties sold in September 2020 and 8.4 per cent fewer than the previous month of August. Condominium sales were up 9.3 per cent from September 2020 with 306 units sold. 11.3 per cent fewer condominiums …

Victoria housing market continues to adapt to long-term lack of supply

September 1, 2021 A total of 831 properties sold in the Victoria Real Estate Board region this August, 15.1 per cent fewer than the 979 properties sold in August 2020 and 0.5 per cent fewer than the previous month of July. Condominium sales were up 31.7 per cent from August 2020 with 345 units sold. 21.5 per cent more condominiums …

Victoria housing inventory continues to decline over summer months

August 3, 2021 A total of 835 properties sold in the Victoria Real Estate Board region this July, 14.7 per cent fewer than the 979 properties sold in July 2020 and 11.4 per cent fewer than the previous month of June. Condominium sales were up 18.8 per cent from July 2020 with 284 units sold. 16 per cent fewer condominiums …

The Q Report – Q2 2021

The Q Report for Q2 2021 now available. We break down what has been happening behind the numbers during a record-breaking run for Victoria’s housing market, to tell you what actually happened. If you are a current or aspiring homeowner, or you’ve been considering putting a property up for sale, you will gain a deeper insight from the report’s market analysis. This edition …

Low inventory and strong demand continue in Victoria real estate market

July 2, 2021 A total of 942 properties sold in the Victoria Real Estate Board region this June, 16.6 per cent more than the 808 properties sold in June 2020, but 10.2 per cent fewer than the previous month of May. Condominium sales were up 61.7 per cent from June 2020 with 338 units sold. 4 per cent more condominiums …

How important are good listing photos?

How Important are Good Listing Photos?

There are two trends impacting real estate photography that you should know about if you’re thinking of selling this year. First, more than ever before, buyers are relying on pictures to decide whether or not to schedule a viewing. They expect to be able to go online and “tour” your home via the photography. If they don’t form a good …

Unwavering demand reinforces need to support supply of homes

June 1, 2021 The Victoria market continued to show its strength through the month of May, with a near record setting pace for sales and ongoing record low inventory levels. A total of 1,049 properties sold in the Victoria Real Estate Board region this May, 129.5 per cent more than the 457 properties sold in May 2020, but 6 per …

The Q Report – Mid-Quarter Update

Is the pressure finally beginning to ease in Victoria’s piping hot housing market? We are only part way through May, which is typically a busy month, but early signs of a slowdown are appearing. As our most recent Q Report predicted, Buyer fatigue is becoming a reality, with industry experts reporting fewer offers being submitted per property, and numerous listings …

Housing in Greater Victoria remains in high demand

May 3, 2021 “Comparing last year’s April market to 2021 does not provide us any real insight into long term market trends,” said Victoria Real Estate Board President David Langlois. “Instead of comparing to last year’s numbers, we need to look at years before the pandemic to see how April 2021 compares to average. In the most recent five years …