Blog

2023 Homebuyer Protection Plan (HPP)

Posted on Jul 27, 2022

Last week the provincial government announced the roll out of their Homebuyer Protection Plan (HPP).

This new measure will begin January 2023.  The Victoria Real Estate Board, the other provincial boards and BCREA will continue to work with the BC Financial Services Authority preparing for the introduction and implementation of the HPP.

Please note t...

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Understanding Parking and Storage Designations

Posted on Jul 13, 2022

Articel courtesy of condo clear services - condoclear,ca

Most buildings that were built in the 90s or earlier came with more parking stalls and storage lockers than units. Today, we’re seeing many new strata developments that have less parking stalls and storage than units, which makes these components that much more important and valuable to consum...

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Victoria Market Update - July 2021

Posted on Jul 08, 2021


Article Courtesy of the Victoria Real Estate Board - full stats package available HERE

Low inventory and strong demand continue in Victoria real estate market


July 2, 2021 A total of 942 properties sold in the Victoria Real Estate Board region this June, 16.6 per cent more than the 808 properties sold in June 2020, but 10.2 per cent fewer than the pr...

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Victoria Market Update - June 2021

Posted on Jun 03, 2021





Article Courtesy of the Victoria Real Estate Board - full stats package available HERE

Unwavering demand reinforces need to support supply of homes

 
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 Vic...

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Victoria Market Update - May 2021

Posted on May 03, 2021



Article Courtesy of the Victoria Real Estate Board - full stats package available HERE


Housing in Greater Victoria remains in high demand

 
"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 number...

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WRITING A WINNING OFFER

Posted on Apr 09, 2021

TIPS FOR BUYERS – WRITING A WINNING OFFER

When notified of a multiple offer(s) you have an opportunity to revise the offer, should you choose to do so, provided you can meet the timelines they set for presentation.

As a general rule, it’s a good idea to make your best offer in these circumstances, as you may not get a second chance. Things the seller...

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