Collectively Serving Victoria, Western Communities and Sooke for Over 40 years Contact Us: 250-642-5050 facebook instagram


SALES SLOW...INVENTORY GROWS Category: Real Estate Market

In June 2018, Central Mortgage and Housing Corporation(CMHC), released the results of a survey of home buyers who purchased a home in 2017 in the Montreal, Toronto and Vancouver Census Metropolitan Areas. The objective was to determine buyers’ attitudes as to factors drive the market, particularly prices. The study was an effort to explore “behavioural economics” or what the layman might term the psychology of buying.

Read More →

THE MARKET INVENTORY Category: Real Estate Market

There were 1,910 properties (including lots and acreage) active on the VREB’s MLS® database for the Greater Victoria area (i.e., excluding the Malahat, Up-Island and the Gulf Islands) on July 1, 2018, up +50.3% from 1,271 a year ago. As an additional point of reference, the inventory was 2,796 on July 1, 2015.

Read More →

THE VICTORIA MARKET Category: Real Estate Market

The real estate market in Victoria continues to cool and begins to move towards a more balanced market.

Read More →

Home Ownership and Public Policy Category: Real Estate Market

For the most part, governments in Canada have pursued polices encouraging home ownership. The rate of home ownership
increased from 60.3% in 1971 to 69.0% in 2011. In the past five years, many urban areas, particularly the Lower Mainland
of BC, the Golden Horseshoe around Toronto, as well as Victoria have experienced a marked appreciation in real estate

Read More →


A Scotiabank Group report entitled “Global Real Estate Trends,” released in November 2017, reported the results of a survey of the housing markets in twenty-three countries. This survey found that seventeen countries enjoyed year-over-year (y/y) “real house price increases” (i.e., inflation-adjusted) into the 1st and 2nd Qtrs of 2017.

Read More →

The Victoria Market Update - Fall 2017 Category: Real Estate Market

The frenzied pace that marked the Victoria real estate market in 2016 has slowed. However, Victoria still remains a solid seller’s market.

Read More →