April 2024 - Real Estate Market Update One Sentence Synopsis:  In March 2024, the Victoria Real Estate Board observed a stable market with a slight decrease in property sales compared to the previous year, an increase in active listings indicating a healthier market, and a rise in home prices, highlighting the importance of continued focus on new home construction to meet demand. Full Version, with stats courtesy of the Victoria Real Estate Board: In March 2024, the Victoria Real Estate Board reported a slight decrease in property sales compared to March 2023, with 588 properties sold. De ..read more

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A Glimpse of Balance in Victoria’s Real Estate Market As we usher in the early days of 2024, the real estate market in Victoria is showing promising signs of equilibrium. This January, the market witnessed a significant increase in property transactions, with 341 properties changing hands. This marks a 22.7% increase from January 2023 and a slight 3.6% rise from the previous month, December 2023. Notably, the condominium and single-family home segments have demonstrated considerable growth, with sales up by 10.9% and 35%, respectively. The market is gradually steadying, reflecting a shift from ..read more

Sometimes, you just need a blank form! This post contains some blank forms which may come in handy.  *These forms are blank, and provided as a courtesy. They are not intended to replace legal advice, nor provide any kind of service for which a license is required. They are just forms. Use them at your risk. * Residential Tenancy Application Form BC Reminder: *These forms are blank, and provided as a courtesy. They are not intended to replace legal advice, nor provide any kind of service for which a license is required. They are just forms. Use them at your risk. * “There might be no rest ..read more

Little old Victoria keeps bucking the trend, with prices increasing year-over-year again. When reading the headlines from across Canada, it can be easy to think that our market has dropped, but SFD prices have slightly increased! (See HPI Graph below for context). If 2023 was about hitting the brakes with high interest, 2024 is about cautious optimism as 5 year fixed rates begin to creep down. BC Property Assessments are out! Property Assessments are out! WAIT Before you weep bitterly or jump for joy, please realize that this is not usually an accurate marker of your home's real market value ..read more

We meet monthly at the Delta Hotel.  Build community. Grow your business. Savour the view.  Click here to RSVP to the next event ..read more

Victoria, BC, is known for its lush greenery, and maintaining your trees is essential for a healthy and vibrant landscape. In this article, we'll explore the best time to trim trees, eco-friendly disposal options, and a top-notch tree trimming service to keep your outdoor space in top shape. WHEN should I trim? Best Time for Tree Trimming: Trimming trees at the right time is crucial for their overall health. In Victoria, the ideal time for tree trimming is during late winter to early spring, typically between late February and early April. This period, before the new growth season begins, all ..read more

Introduction: Asbestos, once hailed as a miracle material for its fire-resistant and insulating properties, has left a lasting impact on the health and safety of individuals. In Victoria, BC, the presence of asbestos in homes is not uncommon due to its historical use. In this blog post, we'll explore the history of asbestos, guide homeowners on safe removal practices, highlight when to call a professional, discuss how to get materials tested in Victoria, and touch upon the differences in disposal between homeowners and contractors. The History of Asbestos: The use of asbestos dates back centur ..read more

Welcome to the YYJ Real Estate Podcast, your go-to source for the latest news and insights into the ever-evolving real estate landscape in beautiful Victoria, British Columbia.  In this episode, we delve deep into the most recent trends, market dynamics, Affordable Housing and Groceries Act, new BC grant for homeowners to add suites, windstorm Insurance all in Vancouver Island's capital city. Our hosts Adrian Maclaren & Vincent Baart, seasoned real estate experts with a finger on the pulse of Victoria's property market, will guide you through a captivating discussion that covers a wi ..read more

Fireplace FAQ’s Buying:  When buying a property with a wood burning appliance, your home insurance provider will want more info. The two main concerns will be:  Is this WETT Certified? Will you be using it as your primary heat source? (Burning more than 3 cords of wood per year?) Selling: The goal of any seller is to remove doubt from a buyer’s mind. Make sure you have a WETT certification handy for the listing info package, OR provide a clear explanation on your Property Disclosure statement if the Fireplace is broken or has not been used in a long time.  Maintaining/Repairing ..read more