Happy New Year! We hope 2025 is off to a great start! Speaking of the future, have you gotten your hands on a VR headset yet? The technology that was once purely science fiction is now transforming how we live, work, and even buy homes. This month’s newsletter explores how virtual reality is changing real ..read more

In October 2024, the Victoria Real Estate Board region saw a total of 654 property sales, marking a 60.7% increase over October 2023 and a 14.5% rise from September 2024. Condominium sales rose 32.6% year-over-year, with 187 units sold, while single-family home sales grew by 76.2% with 340 units sold. This notable rise follows a ..read more

What to Expect in the Victoria, BC Housing Market as 2024 Ends As we are in the final quarter of 2024, the Victoria housing market remains a focal point for buyers, sellers, and real estate professionals alike. With evolving economic indicators and changes in consumer behavior, staying informed is essential for making smart real estate ..read more

Is it really cheaper to buy a home than to rent one? Introduction: In recent years, the dream of homeownership in Victoria, BC has taken an interesting turn. With shifting economic conditions affecting both the rental and housing markets, a significant change has emerged. Recent analyses show that, in certain parts of Victoria, owning a ..read more

An introduction to micro units As home ownership aspirations adapt to urban living, micro units are emerging as the answer to space issues and financial challenges. Here’s a primer on micro units and how they might be suitable for you too. What is a Micro Unit? A micro unit, typically found in studio apartments, is an exercise in space efficiency. Ranging from 100 to 500 square feet depending on where you’re located, these units redefine what it means to live small, ensuring a full living experience with a minimal footprint. In Vancouver, legal dwelling unit sizes can go as low as 320 square f ..read more

The journey of buying a home is an exciting and pivotal moment in many people’s lives. It marks the beginning of a new chapter, a place to call your own and a space where memories are made. However, before you embark on this adventure, it’s essential to recognize the distinction between your home buying needs and wants. Needs are the fundamental elements that form the foundation of your new residence, while wants are the desirable extras that can make your dream home even more special. Balancing your needs and wants allows you to find a home where you can thrive. Let’s explore your home buyin ..read more

The Canadian real estate market has seen significant price increases in recent years, particularly in major cities like Vancouver and Toronto. This growth has boosted home equity for many homeowners. With rising home values comes a noticeable uptick in home equity loans. Many homeowners are tapping into their home equity to finance everything from renovations to consolidating high-interest debts. Home equity is essentially the financial stake you have in your house. It’s the monetary difference between your home’s current market value and the remaining balance on your mortgage. When property v ..read more

Buying a house is a big deal for many of us. Owning a home is the ultimate symbol of personal success. It’s the reward for years of hard work, smart planning, and sticking to your financial goals. It means finally having a space that’s all yours—a place where you can kick back, grow, and make countless memories. But the thrill of chasing home-ownership comes with its share of surprises, from the roller coaster of market prices to figuring out loans and sifting through a mountain of paperwork. We hope to make your journey smoother by sharing common mistakes made by first-time buyers. We will pr ..read more

Downsizing your home usually signifies a major transition, often driven by a need for a simpler life, financial considerations in retirement, or the nest becoming empty as children move out of the house. When selling your home, it’s not merely the physical task of moving or getting rid of possessions that makes this process daunting; it’s the emotional journey that accompanies it. There are emotional hurdles associated with downsizing, so it will take insights and strategies to embark on this significant life change. By addressing the complexities of emotional attachments to possessions, the i ..read more

Preparing for the Spring Market Spring – the flowers are blooming, the birds are chirping, and the “For Sale” signs are sprouting up on lawns all around you. This can be one of the best times to list your home, which also makes it one of the most competitive times. So, how can sellers stand out in a busy spring market? RE/MAX affiliates across Canada shared their top tips. Clean up Outside Pressure washing your driveway, sweeping your front walkway and picking up winter debris such as twigs and branches are incredibly important steps to take to make your property look its best once the snow h ..read more