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id="x-iso-container" class="x-iso-container x-iso-container-posts cols-3"> <article id="post-411" class="post-411 post type-post status-publish format-standard hentry category-market-conditions no-post-thumbnail"> <div class="entry-featured"> </div> <div class="entry-wrap"> <header class="entry-header"> <h2 class="entry-title"> <a href="https://dirkvanderwal.com/unwavering-demand-reinforces-need-to-support-supply-of-homes/" title="Permalink to: "Unwavering demand reinforces need to support supply of homes"">Unwavering demand reinforces need to support supply of homes</a> </h2> </header> <div class="entry-content excerpt"> <p>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 … </p> <div><a href="https://dirkvanderwal.com/unwavering-demand-reinforces-need-to-support-supply-of-homes/" class="more-link">Read More</a></div> </div> </div> </article> <article id="post-407" class="post-407 post type-post status-publish format-standard hentry category-market-conditions no-post-thumbnail"> <div class="entry-featured"> </div> <div class="entry-wrap"> <header class="entry-header"> <h2 class="entry-title"> <a href="https://dirkvanderwal.com/the-q-report-mid-quarter-update/" title="Permalink to: "The Q Report – Mid-Quarter Update"">The Q Report – Mid-Quarter Update</a> </h2> </header> <div class="entry-content excerpt"> <p>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 … </p> <div><a href="https://dirkvanderwal.com/the-q-report-mid-quarter-update/" class="more-link">Read More</a></div> </div> </div> </article> <article id="post-396" class="post-396 post type-post status-publish format-standard hentry category-market-conditions no-post-thumbnail"> <div class="entry-featured"> </div> <div class="entry-wrap"> <header class="entry-header"> <h2 class="entry-title"> <a href="https://dirkvanderwal.com/housing-in-greater-victoria-remains-in-high-demand/" title="Permalink to: "Housing in Greater Victoria remains in high demand"">Housing in Greater Victoria remains in high demand</a> </h2> </header> <div class="entry-content excerpt"> <p>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 … </p> <div><a href="https://dirkvanderwal.com/housing-in-greater-victoria-remains-in-high-demand/" class="more-link">Read More</a></div> </div> </div> </article> <article id="post-372" class="post-372 post type-post status-publish format-standard hentry category-market-conditions no-post-thumbnail"> <div class="entry-featured"> </div> <div class="entry-wrap"> <header class="entry-header"> <h2 class="entry-title"> <a href="https://dirkvanderwal.com/the-q-report-q1-2021/" title="Permalink to: "The Q Report – Q1 2021"">The Q Report – Q1 2021</a> </h2> </header> <div class="entry-content excerpt"> <p>Our first Q Report of 2021 now available. In our tenth edition, we go behind the numbers to tell you what actually happened in Victoria’s housing market. Amidst the hottest conditions in history, we break down the reasons for the boom, the trends, the opportunities, and looks ahead to when buyers may see some relief. If you are a current or future homeowner, … </p> <div><a href="https://dirkvanderwal.com/the-q-report-q1-2021/" class="more-link">Read More</a></div> </div> </div> </article> <article id="post-284" class="post-284 post type-post status-publish format-standard hentry category-market-conditions no-post-thumbnail"> <div class="entry-featured"> </div> <div class="entry-wrap"> <header class="entry-header"> <h2 class="entry-title"> <a href="https://dirkvanderwal.com/the-fast-pace-of-victoria-real-estate-market-surges-on/" title="Permalink to: "The fast pace of Victoria real estate market surges on"">The fast pace of Victoria real estate market surges on</a> </h2> </header> <div class="entry-content excerpt"> <p>April 1, 2021 A total of 1,173 properties sold in the Victoria Real Estate Board region this March, 92.9 per cent more than the 608 properties sold in March 2020 and 35.9 per cent more than the previous month of February. Sales of condominiums were up 111.8 per cent from March 2020 with 377 units sold. Sales of single family … </p> <div><a href="https://dirkvanderwal.com/the-fast-pace-of-victoria-real-estate-market-surges-on/" class="more-link">Read More</a></div> </div> </div> </article> <article id="post-269" class="post-269 post type-post status-publish format-standard hentry category-market-conditions no-post-thumbnail"> <div class="entry-featured"> </div> <div class="entry-wrap"> <header class="entry-header"> <h2 class="entry-title"> <a href="https://dirkvanderwal.com/victoria-real-estate-market-demand-surges-against-limited-supply/" title="Permalink to: "Victoria Real Estate Market demand surges against limited supply"">Victoria Real Estate Market demand surges against limited supply</a> </h2> </header> <div class="entry-content excerpt"> <p>March 1, 2021 A total of 863 properties sold in the Victoria Real Estate Board region this February, 53.3 per cent more than the 563 properties sold in February 2020 and 33.6 per cent more than the previous month of January. Sales of condominiums were up 65.7 per cent from February 2020 with 290 units sold. Sales of single family … </p> <div><a href="https://dirkvanderwal.com/victoria-real-estate-market-demand-surges-against-limited-supply/" class="more-link">Read More</a></div> </div> </div> </article> <article id="post-267" class="post-267 post type-post status-publish format-standard hentry category-market-conditions no-post-thumbnail"> <div class="entry-featured"> </div> <div class="entry-wrap"> <header class="entry-header"> <h2 class="entry-title"> <a href="https://dirkvanderwal.com/victoria-real-estate-market-sees-strong-start-to-2021/" title="Permalink to: "Victoria real estate market sees strong start to 2021"">Victoria real estate market sees strong start to 2021</a> </h2> </header> <div class="entry-content excerpt"> <p>February 1, 2021 A total of 646 properties sold in the Victoria Real Estate Board region this January, 57.2 per cent more than the 411 properties sold in January 2020 and 2.4 per cent more than the previous month of December. Sales of condominiums were up 83.1 per cent from January 2020 with 216 units sold. Sales of single family … </p> <div><a href="https://dirkvanderwal.com/victoria-real-estate-market-sees-strong-start-to-2021/" class="more-link">Read More</a></div> </div> </div> </article> <article id="post-255" class="post-255 post type-post status-publish format-standard hentry category-market-conditions no-post-thumbnail"> <div class="entry-featured"> </div> <div class="entry-wrap"> <header class="entry-header"> <h2 class="entry-title"> <a href="https://dirkvanderwal.com/the-2020-victoria-real-estate-market-year-in-review/" title="Permalink to: "The 2020 Victoria real estate market year in review"">The 2020 Victoria real estate market year in review</a> </h2> </header> <div class="entry-content excerpt"> <p>January 4, 2021 A total of 631 properties sold in the Victoria Real Estate Board region this December, 57 per cent more than the 402 properties sold in December 2019 and a 20.6 per cent decrease from November 2020. Sales of condominiums were up 61.2 per cent from December 2019 with 195 units sold. Sales of single family homes increased … </p> <div><a href="https://dirkvanderwal.com/the-2020-victoria-real-estate-market-year-in-review/" class="more-link">Read More</a></div> </div> </div> </article> <article id="post-371" class="post-371 post type-post status-publish format-standard hentry category-market-conditions no-post-thumbnail"> <div class="entry-featured"> </div> <div class="entry-wrap"> <header class="entry-header"> <h2 class="entry-title"> <a href="https://dirkvanderwal.com/the-q-report-q4-2020/" title="Permalink to: "The Q Report – Q4 2020"">The Q Report – Q4 2020</a> </h2> </header> <div class="entry-content excerpt"> <p>Our year-end Q Report for Q4 2020 is out now! We took a look at the trends that made our market in the last days of a truly unexpected year: interest rate-fuelled demand, the effects of the short supply of homes for buyers, condo sales recovery, regional price movements, and another banner quarter for sales above $1M. As well, we answered … </p> <div><a href="https://dirkvanderwal.com/the-q-report-q4-2020/" class="more-link">Read More</a></div> </div> </div> </article> <article id="post-370" class="post-370 post type-post status-publish format-standard hentry category-market-conditions no-post-thumbnail"> <div class="entry-featured"> </div> <div class="entry-wrap"> <header class="entry-header"> <h2 class="entry-title"> <a href="https://dirkvanderwal.com/the-q-report-q3-2020/" title="Permalink to: "The Q Report – Q3 2020"">The Q Report – Q3 2020</a> </h2> </header> <div class="entry-content excerpt"> <p>The Q Report for Q3 2020 is out now! We check in on market predictions from a COVID-crippled Q2 and see how Q3 stacked up in reality (hint: it was way beyond expected!). Massive luxury sales, competition for detached houses, and sagging demand for condos in our delayed spring market are all analyzed, as well as regional price trends. 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