2024 Victoria real estate market year in review A total of 421 properties sold in the Victoria Real Estate Board region this December, 28 per cent more than the 329 properties sold in December 2023 and a 23.6 per cent decrease from November 2024. Sales of condominiums were up 25 per cent from December 2023 with 135 units sold. Sales of single family homes increased 20.9 per cent from December 2023 with 191 sold. A grand total of 6,893 properties sold over the course of 2024, an 11 per cent increase from the 6,207 sold in 2023. “2024 was a fairly calm year for local real estate,” said 2024 Vi ..read more

I wanted to update you on the Bank of Canada’s latest decision. Today, the Bank of Canada cut its policy rate by 50 basis points (0.50 percentage points), bringing it down to 3.25%. This is the fifth reduction this year and will result in a lower prime rate -- which affects variable-rate mortgages and other loans. We anticipate most lenders will lower their prime rates to 5.45% in the coming days, with TD Bank’s mortgage prime, which is priced slightly higher, likely dropping to 5.60%. If you’d like to read more details, you can find the full statement from the Bank of Canada here. H ..read more

As December arrives, Victoria, BC, shines with holiday magic, making it one of the best places to call home. From festive events to the cozy charm of winter living, this season is also an excellent time to explore the Victoria real estate market—whether you’re buying or selling. Festive Events in Victoria, BC Victoria comes alive in December with events that bring the community together and showcase the city’s unique charm. Here are a few highlights: Festival of Trees: Enjoy dazzling Christmas trees decorated by local businesses at The Bay Centre. Christmas at Butchart Gardens: Wander th ..read more

A warm start to winter sales in the Victoria real estate market A total of 551 properties sold in the Victoria Real Estate Board region this November, 39.8 per cent more than the 394 properties sold in November 2023 and a 15.7 per cent decrease from October 2024. Sales of condominiums were up 55 per cent from November 2023 with 186 units sold. Sales of single family homes increased by 36.3 per cent from November 2023 with 263 sold.   “I’ve found that buyers and sellers are feeling optimistic right now,” said 2024 Victoria Real Estate Board Chair Laurie Lidstone. “With the steady dec ..read more

Victoria’s summer real estate market meets seasonal expectations   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 decreased by 7.7 per cent from August 2023 with 252 sold.   “The final month of the summer is generally a rather relaxed one in terms of real estate sales and listings,” said 2024 Victoria Real Estate Board Chair Laurie ..read more

Not enough growth in inventory means spring market sales slow A total of 637 properties sold in the Victoria Real Estate Board region this April, 22.7 per cent fewer than the 824 properties sold in April 2022 but an 8 per cent increase from March 2023. Sales of condominiums were down 21.8 per cent from April 2022 with 205 units sold. Sales of single family homes decreased 19.4 per cent from April 2022 with 325 sold. “Sales numbers for this April are more moderate than the higher levels we’ve seen in recent years,” said Victoria Real Estate Board Chair Graden Sol. “We are in a familiar market ..read more

I have sold a property at 3115 Glasgow St in Victoria on Nov 22, 2024. See details here Priced Below Assessed Value. Fantastic location with the great bones you have been looking for with loads of opportunity and potential for you to make it your own. Featuring a bright main floor with high ceiling with hardwood floors, a spacious living room with fireplace and vintage built-in, 2 bedrooms, bathroom and office/bedroom no closet. Large kitchen with built-in dining nook, mud room with counter space with access to the deck and tree lined backyard. Walkout lower level, with 2 bedrooms and garage ..read more

Victoria market exceeds expectations but remains balanced A total of 654 properties sold in the Victoria Real Estate Board region this October, 60.7 per cent more than the 407 properties sold in October 2023 and a 14.5 per cent increase from September 2024. Sales of condominiums were up 32.6 per cent from October 2023 with 187 units sold. Sales of single family homes increased by 76.2 per cent from October 2023 with 340 sold. “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 ..read more

I have sold a property at 28 4125 Interurban Rd in Saanich. See details here Spacious End Unit 2 Bed + Office Townhome in desirable Oak Glen Estates. This beautifully maintained town offers a flexible floor plan with possible primary bedroom with a full bath on each level. New flooring in the vaulted entry, large updated bedrooms and bathrooms with lots of storage, hardwood floors throughout kitchen/living/dinning room, an office/flex space and laundry room. The large kitchen with center island, pantry and stainless steel appliances overlooks the fenced patio with retractable powered awing ba ..read more

I have sold a property at 1021 Tulip Ave in Saanich. See details here Neat and Tidy family home in a central, family neighbourhood. Great way to enter the market in a single-family home. Bring your renovation ideas and expand downstairs to a larger family home or suite. Or start fresh on a large level lot in Saanich. This loved and cared-for home features 2 bedrooms, 1 bathroom, kitchen, eating area and living room. Low maintenance front and back yard is open & flat for kids or dogs to play. Sunny southern backyard exposure. Finishings include 1-year-old roof, upgraded 200 amp electrical ..read more