Your Monthly real estate update https://youtu.be/V4KafahWdgk"“Sales did increase notably over last year, but it’s important to include some context,” said 2024 Victoria Real Estate Board Chair-Elect Dirk VanderWal. “October 2023 saw the fewest sales in that month since 2008, which distorts a year-over-year comparison; in fact, last month’s sales count was almost...
Your Monthly real estate update https://youtu.be/V4KafahWdgk"“The real estate market in Victoria right now is much more stable and more predictable than it has been in recent years,” said 2024 Victoria Real Estate Board Chair Laurie Lidstone. “We have seen a few solid months of near-balance in the market, which means it’s neither a seller’s nor a buyer’s market...
Your Monthly real estate update https://www.youtube.com/watch?v=7cuNL6Lc-fs"A total of 545 properties sold in the Victoria Real Estate Board region this August, 0.2 per cent more than the 544 properties sold in August 2023 and a 16.5 per cent decrease from July 2024. Sales of condominiums were up 10.4 per cent from August 2023 with 181 units sold. Sales of single family homes...
Your Monthly real estate update https://youtu.be/vW-MS860lpw""A total of 650 properties sold in the Victoria Real Estate Board region this July, 9.2 per cent more than the 595 properties sold in July 2023 and a 1.7 per cent decrease from June 2024. Sales of condominiums were up 6.5 per cent from July 2023 with 213 units sold. Sales of single family homes increased by 8.9...
Your Monthly real estate update https://youtu.be/vW-MS860lpw"“June followed our normal seasonal trends,” said 2024 Victoria Real Estate Board Chair Laurie Lidstone. “With more inventory and slightly fewer sales when compared to May, most buyers last month would have experienced a market with more choice and more time to make decisions, and some sellers may have...
Your Monthly real estate update https://www.youtube.com/watch?v=J87T4xhVrZA"“Spring is generally prime time for real estate in Victoria,” said 2024 Victoria Real Estate Board Chair Laurie Lidstone. “And May is typically when we are at or near to the peak of activity in our property market. This May was another stable month for both buyers and sellers. With more...
Your Monthly real estate update https://youtu.be/Ca_ir4KyTtU"“The spring market in Victoria kicked off with a gentle increase in sales when compared to last year and continued stable pricing,” said 2024 Victoria Real Estate Board Chair Laurie Lidstone. “These factors, combined with growth in the available inventory, has created a welcoming and more balanced market for...
First Time Home Buyers Program in BC Property Transfer Tax Exemption Changes The BC government has made some changes starting April 2024 to the First Time Home Buyers program where eligible individuals are either exempt completely or partially from paying Property Transfer Tax. These changes were laid out in the 2024 Provincial Budget.The exemption threshold on a properties market value has now...
Your Monthly real estate update https://youtu.be/Nd8QROEFBIo"“We’ve concluded a rather quiet first quarter and are transitioning into the spring market,” said 2024 Victoria Real Estate Board Chair Laurie Lidstone. “Many of our local REALTOR® members are noting that more shoppers are coming into the market – but this has not necessarily translated into sales...
Change to local government act & Small Scale Multi-Unit Housing These proposed changes are part of the Homes For People Action Plan to create more housing that is within reach for people. This includes building homes for the "missing middle". https://youtu.be/WzP_N9KmyP4 How Did We Get Here? Outdated zoning rules: due to this, new housing has been in the...