Prices Hold Steady in Greater Victoria
Sales Down but Prices Hold in Greater Victoria Real Estate Market February 1, 2013 VICTORIA BC - A slow start to the year in Victoria's real estate market is evidence that buyers are continuing to wait for prices to drop. Although January 2013 sales are 21% lower than January 2012, the six-month average price for a Greater Victoria home is only down 1% for the same period. "We are realistic and sales are not what we would like to see," ...
Canadian home sales remain at lower levels in November
Ottawa, ON, December 17, 2012 - According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity edged back down in November 2012 on a month-over-month basis, returning to where it stood in August. Demand geared down in August in the wake of tighter mortgage lending rules, and has since been running about eight per cent below levels in the first half of the year. Highlights: Home sales ...
November – Buyers Market – Slow and Steady
VICTORIA REAL ESTATE SALES SLOW BUT STEADY IN BUYERS’ MARKET VICTORIA, BC—While the number of single-family home sales has held relatively steady over the last three months, Greater Victoria REALTORS® are noting a year-over-year decrease that coincided with tighter mortgage regulations imposed in July of this year. Amortization periods were reduced to 25 years for high-ratio buyers – those with less than 20% down ...
October Real Estate Update
VICTORIA, BC—REALTORS® across Vancouver Island are experiencing a “wait and see” attitude amongst buyers and sellers alike. The result? Prices remain steady but sales numbers are down in some categories. Total MLS® residential sales for September 2012 were 400 compared to 435 in September 2011. During the month, 216 single family homes sold throughout the Victoria Real Estate Board’s region, just 28 fewer than the 244 sold in September ...
A STEADY, FLAT REAL ESTATE MARKET CONTINUES IN GREATER VICTORIA
September 4, 2012 A STEADY, FLAT REAL ESTATE MARKET CONTINUES IN GREATER VICTORIA VICTORIA, BC— The August real estate market continues to be steady and flat, considered by the Victoria Real Estate Board to reflect the “wait and see” attitude its Member REALTORS® are hearing from the buying public. Total MLS® residential sales for August 2012 was 462 compared to 542 for the same period in 2011. During the ...
July Sales & Listings for Greater Victoria
Real estate activity continues to be steady in Greater Victoria, reflecting favourable conditions attributed to stable pricing, low interest rates and good selection. Total MLS® sales for July 2012 were 523 compared to 523 for the same period in 2011. During the month, 293 single family homes sold throughout the Victoria Real Estate Board’s region, on par with the 283 sold in July 2011. The average price for single family homes ...
WHO SAYS THERE’S NO FREE LUNCH!
Who says there's no free lunch? These resources may not be here for a long time, but they ARE available now to savvy investors. We want to pass this great list of grants and rebates to our partners who may also invest in rental property. This is a great list to print and keep for future reference. Top 25 grants and rebates for property buyers and owners: 1. Home Buyers’ Plan Qua...
Market Update for May 2012
June 1, 2012 MAY 2012 REAL ESTATE MARKET IS PICKING UP IN GREATER VICTORIA VICTORIA, BC–Consumers are showing confidence in the Greater Victoria real estate market, evidenced by a spike of 71 residential sales in May 2012 over the previous month. “During the last two or three months, we’ve seen many potential buyers out looking,” says Carol Crabb, President of the Victoria Real Estate Board. “During May, they made their decisions. ...
Know the Basics of home Security
Do You Know the Basics of Home Security? Most people feel confident about the basics of home security. For example: Keep all doors locked. Have a light on in the house while away. Never hide a key outside in an obvious place, like under the mat. Yet, almost a million and a half properties get burglarized in North America each year. So how can you prevent that from happening to your home? Here are a few less known home security basics: ...