All Wrapped Up - 2024
Stephen Foster Blog
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1w ago
Homes Sold on Vancouver Island-2024 This year has been full of new opportunities  I’ve have been able  to work further up island, broadening my reach across the island. I want to take a moment to express my gratitude to all of my clients this year, for trusting me to guide them through their real estate journeys. Your trust means the world to me and I am truly thankfull for your business. With 2025 upon us, I’d love to share a look back at some of the wonderful properties I’ve had the privilege of selling this year.  SELLERS - SOLDs    2055 Cowichan Bay Rd. - MLS9 ..read more
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Market Report - January 2025
Stephen Foster Blog
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1w ago
2024 Victoria real estate market year in review January 2, 2025  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 r ..read more
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Market Report - December 2024
Stephen Foster Blog
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1M ago
A warm start to winter sales in the Victoria real estate market December 2, 2024 - 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. “Wit ..read more
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A weekend on Decourcy Island
Stephen Foster Blog
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1M ago
DeCourcy Island is a charming, off-grid gem tucked into the Gulf Islands, just off the coast of Vancouver Island in British Columbia. It’s situated between Gabriola and Valdes Islands, about 20 kilometers from Nanaimo by boat. Life on DeCourcy is quiet, peaceful, and very much in tune with nature, making it a unique retreat for those who seek simplicity and self-sufficiency. The island is boat-access only, which adds to its secluded charm and requires a bit of planning and adaptability for those living here full-time. Many residents are pioneers of off-grid living, with homes powered by solar ..read more
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Stephen Foster Blog
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1M ago
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Prepping Your Home For Top Dollar
Stephen Foster Blog
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2M ago
How To Get The Best Price When Selling Your Home  Selling your home can be an exhilarating yet daunting experience. Victoria’s real estate market is known for its breathtaking scenery and prime location which presents fantastic prospects, but selling successfully demands a strategic approach. Steering clear of typical errors is crucial to securing the best deal and a hassle free process. Let’s take a look at some frequent missteps and how to avoid them. Pricing Your Home Choosing a pricing strategy should depend on current market conditions, the property’s unique qualities and the se ..read more
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Market Report-November 2024
Stephen Foster Blog
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2M ago
Victoria market exceeds expectations but remains balanced November 1, 2024  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 ..read more
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Changes to the Mortgage Rates this October 2024
Stephen Foster Blog
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2M ago
Understanding the New Mortgage Rates in Canada: What You Need to Know for Your Home Purchase in BC BREAKING NEWS: The Bank of Canada lowered its key interest rate to 3.75 with a significant 50 basis-point cut, responding to subsiding inflation concerns and aiming to stimulate economic growth. This marks the fourth consecutive cut since June and reflects the Bank's strategy to manage borrowing costs as the economy faces challenges under high rates. With inflation back to the 2 target, the Bank is focused on maintaining stable rates to support consumers and businesses. These lower interest rates ..read more
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Market Report-October 2024
Stephen Foster Blog
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3M ago
Victoria real estate market current conditions benefit buyers and sellers October 1, 2024  A total of 571 properties sold in the Victoria Real Estate Board region this September, 15.8 per cent more than the 493 properties sold in September 2023 and a 4.8 per cent increase from August 2024. Sales of condominiums were up 21.9 per cent from September 2023 with 189 units sold. Sales of single family homes increased by 19.3 per cent from September 2023 with 272 sold. "The real estate market in Victoria right now is much more stable and more predictable than it has been in recent years," said 2 ..read more
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Black Creek & Beyond
Stephen Foster Blog
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4M ago
Black Creek, BC-Vancouver Island Black Creek, situated on the eastern shore of Vancouver Island and is just north of Courtenay. This quaint village is mainly agricultural and serves as a residential area for those commuting to Courtenay and Campbell River, which are to the north. There are approximately 9400 people in the area. The charming rural community of Black Creek welcomes travelers passing through the scenic farmlands along the Island Highway. This idyllic segment of a journey to the North Central Vancouver Island enchants visitors with its fresh scents, lush g ..read more
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