From the category archives:

Victoria Real Estate Market Conditions

MLS Statistics for Esquimalt and View Royal

by hwilde January 31, 2012

MLS statistics for Esquimalt and View Royal reveal opportunities for first time homebuyers to get into the market with some reasonably priced townhomes and condos.  And these municipalities are very well located adjacent to the city of Victoria. So people who are taking their first leap into home ownership CAN find affordable homes in Victoria […]

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MLS Statistics for Saanich

by Jodi Baker January 26, 2012

Saanich is the largest of Greater Victoria’s municipalities, both geographically and in population and it encompasses a wide range of neighborhoods including urban, suburban and rural.  This means that housing options are diverse and prices can range wildly depending upon exactly where you look. The Victoria Real Estate Board divides this huge area into two […]

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MLS Statistics for Colwood and Langford

by Geoff McLean January 21, 2012

The municipalities of Colwood and Langford sit next to each other and constitute the centre of Greater Victoria’s west shore communities.  Both have seen an explosion of development in the last decade thanks in large part to a dedicated infrastructure improvement strategy. Along with a lot of newer housing, there has been plenty of commercial […]

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MLS Statistics for Highlands

by hwilde January 16, 2012

Just a short drive and yet a world away from city life in Victoria, Highlands is a unique district with a strong sense of environmental responsibility and conservation. Homes in this rugged rural community range from rustic cabins to luxury estate properties, all nestled gently into the surrounding wilderness.  People who live here must be […]

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MLS Statistics for Sooke

by Jodi Baker January 11, 2012

The furthest of Greater Victoria’s west shore communities, Sooke is a fantastic community for first time home buyers, offering the lowest prices in the region for single family homes, and generally reasonable real estate values across all categories.   Housing Type Average Price (2012) Total Units Sold Single Family Dwelling $409,023 190 Townhouse $320,586 35 […]

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Victoria BC House Prices

by Geoff McLean November 17, 2011

Check out this article published recently in the Victoria Times/Colonist newspaper about Victoria house prices and how they’ve increased over the past decade. I was asked to comment on present Victoria real estate market conditions in relation to the global financial crisis that began in 2008 and offered that, in my opinion “we are stabilizing, […]

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Economic Outlook for Victoria BC – Real Estate Investment

by Geoff McLean September 18, 2011

You all know that recent months have seen a return of some uncertainty on the part of investors, who worry that we may be on the verge of a significant downturn similar to what we experienced in 2008. I was able to attend a recent economic update (through a local Edward Jones representative) that put […]

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Economic Outlook for Victoria BC’s Real Estate Market

by hwilde June 20, 2011

Another component of the Economic Outlook for Victoria BC breakfast hosted by Chemistry Consulting last February was a presentation by Dennis Fimrite, president of the Victoria Real Estate Board. Dennis reiterated the fact that the real estate industry is cyclical in nature, and a driving force in the economy.  Historically, real estate prices in Victoria […]

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Victoria Real Estate Market Summary – Fall 2010

by Geoff McLean October 25, 2010

In the fall of 2010 we find that the real estate market in Victoria is feeling the effects of the Harmonized Sales Tax (HST) brought in as of July 1st, as well as resurfacing uncertainty about the state of the economic recovery. Resale (existing) homes are exempt from HST, but costs that are subject to […]

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