Welcome back to my market updates post! I will continue to update this Victoria, British Columbia, real estate market page at the beginning of each month.    This post’s data, housing prices, statistics, and property information are from the Vancouver Island Real Estate Board Region. Alright, let’s get to it!   The Market Overall  In total, 588 residential properties were sold in the Victoria Real Estate Board region during March 2024. This is 0.3% less than the 590 properties sold in March 2023 (last year) and a 25.1% increase from February 2024 (the previous month ..read more

Welcome back to my market updates post! I will continue to update this Victoria, British Columbia, real estate market page at the beginning of each month.    This post’s data, housing prices, statistics, and property information are from the Vancouver Island Real Estate Board Region. Alright, let’s get to it!   The Market Overall  In total, 470 residential properties were sold in the Victoria Real Estate Board region during February 2024. The number of property sales is 2.2% more than the 460 properties sold in February 2023 (last year) and a 37.8% increase from Januar ..read more

Are you ready to make your dream of homeownership a reality in Victoria, BC? You’re in the right place! From essential tips and benefits to tax rebates and a step-by-step guide to buying your first home in BC. Before we dive into the tips and strategies, let’s first go over what makes Victoria so special. From charming heritage buildings in James Bay, Oak Bay, Fernwood and Fairfield to the scenic waterfront drive along Dallas Road. Victoria offers plenty of family-friendly neighbourhoods, a vibrant downtown with delicious restaurants and activities, and a bustling Inner Harbour. Victoria, BC ..read more

Selling your home can be both exciting and overwhelming! Whether you’re downsizing, relocating, or simply ready for a change, selling a property involves numerous considerations. With the right guidance and strategic approach, you can sell your home with confidence. It’s good to start by setting realistic goals and timelines for your home’s sale before your home is listed on the market. Other points to consider include market conditions, your financial objectives, and any necessary preparations or repairs that may be needed before you list your home on the market. Big home repairs may not be ..read more

Welcome back to my market updates post! I will continue to update this Victoria, British Columbia, real estate market page at the beginning of each month.    This post’s data, housing prices, statistics, and property information are from the Vancouver Island Real Estate Board Region. Alright, let’s get to it!   The Market Overall  In total, 341 residential properties were sold in the Victoria Real Estate Board region during January 2024. The number of property sales is 22.7% more than the 278 properties sold in January 2023 (last year) and a 3.6% increase from December ..read more

Welcome back to my market updates post! I will continue to update this Victoria, British Columbia, real estate market page at the beginning of each month.    This post’s data, housing prices, statistics, and property information are from the Vancouver Island Real Estate Board Region. Alright, let’s get to it!   The Market Overall  In total, 329 residential properties were sold in the Victoria Real Estate Board region during December 2023. The number of property sales is 2.8% more than the 320 properties sold in December 2022 (last year) and a 16.5% decrease from Novemb ..read more

Welcome back to my market updates post! I will continue to update this Victoria, British Columbia, real estate market page at the beginning of each month.    This post’s data, housing prices, statistics, and property information are from the Vancouver Island Real Estate Board Region. Alright, let’s get to it!   The Market Overall  In total, 493 residential properties were sold in the Victoria Real Estate Board region during September 2023. The number of property sales is 20.2% more than the 410 properties sold in September 2022 (last year) and a 9.4% decrease from Augu ..read more

The closing date is when ownership of the property officially transfers from the seller to the buyer, marking the culmination of weeks or months of viewing properties, negotiations, and paperwork. It’s an exciting time for both the buyer and seller, and one of the final documents is the real estate closing statement. The closing statement is prepared by a lawyer or notary when there is a transfer of real property. A little further in this post is an example of a closing statement for a home purchase. What Is a Real Estate Closing Statement? This document outlines all of the financial details ..read more

In the realm of real estate, professionals play diverse roles to ensure that the industry functions smoothly. Two critical roles are often confused due to their similarities but are fundamentally different in their responsibilities and objectives: property managers and real estate agents.  In this post, I’ll discuss the main differences between the responsibilities of a real estate agent and a property manager. Alright, let’s get to it!  Real Estate Agent: Your Guide to Buying and Selling Homes Primary Role: Real estate agents facilitate the buying and selling of properties (ho ..read more

Welcome back to my market updates post! I will continue to update this Victoria, British Columbia, real estate market page at the beginning of each month.    This post’s data, housing prices, statistics, and property information are from the Vancouver Island Real Estate Board Region. Alright, let’s get to it!   The Market Overall  In total, 705 residential properties were sold in the Victoria Real Estate Board region during June 2023. The number of property sales is 15.2% more than the 612 properties sold in June 2022 (last year) and a 9% decrease from May 2023 (the pr ..read more