From the category archives:

Victoria Real Estate Market Conditions

The BC First-Time New Home Buyers’ Bonus

by jbaker March 16, 2012

If you’re thinking about buying a new home in Greater Victoria but have been hesitant to do so because of the HST, the BC government has proposed a solution for first time buyers.   Subject to approval by the legislature, the BC government is planning to implement a temporary BC First-Time New Home Buyers’ Bonus.  This [...]

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Cost of Living in Victoria BC vs Vancouver BC

by hwilde February 20, 2012

It’s been all over the news recently – Vancouver has earned the dubious honour of being the most expensive city in North America in which to live.  Those of us who are living in Victoria can be thankful that our fair city, while not inexpensive by Canadian standards, hasn’t the same affordability issues that Vancouver [...]

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MLS statistics for Victoria, Oak Bay, Metchosin, North Saanich and Sidney

by gmclean February 10, 2012

MLS statistics for Victoria, Oak Bay, Metchosin, North Saanich and Sidney underscore the desirability of these municipalities.  Property values are, for the most part, substantial and holding their value, even in today’s real estate market. What does this mean for buyers?  Well, it means that the Greater Victoria area and especially these particular municipalities are [...]

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MLS Statistics for Central Saanich

by gmclean February 5, 2012

MLS statistics for Central Saanich show that this municipality, occupying the centre of the Saanich Peninsula, also occupies the centre of the price range of properties that have sold in the Greater Victoria area.  It sits in the “middle ground” in several ways! Housing Type (Central Saanich) Average Price (2011) Median Price (2011) Single Family [...]

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MLS Statistics for Esquimalt and View Royal

by hwilde January 31, 2012

MLS statistics for Esquimalt and View Royal reveal opportunities for first time homebuyers to get into the market with some reasonably priced townhomes and condos.  And these municipalities are very well located adjacent to the city of Victoria. So people who are taking their first leap into home ownership CAN find affordable homes in Victoria [...]

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MLS Statistics for Saanich

by jbaker January 26, 2012

Saanich is the largest of Greater Victoria’s municipalities, both geographically and in population and it encompasses a wide range of neighborhoods including urban, suburban and rural.  This means that housing options are diverse and prices can range wildly depending upon exactly where you look. The Victoria Real Estate Board divides this huge area into two [...]

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MLS Statistics for Colwood and Langford

by gmclean January 21, 2012

The municipalities of Colwood and Langford sit next to each other and constitute the centre of Greater Victoria’s west shore communities.  Both have seen an explosion of development in the last decade thanks in large part to a dedicated infrastructure improvement strategy. Along with a lot of newer housing, there has been plenty of commercial [...]

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MLS Statistics for Highlands

by hwilde January 16, 2012

Just a short drive and yet a world away from city life in Victoria, Highlands is a unique district with a strong sense of environmental responsibility and conservation. Homes in this rugged rural community range from rustic cabins to luxury estate properties, all nestled gently into the surrounding wilderness.  People who live here must be [...]

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MLS Statistics for Sooke

by jbaker January 11, 2012

The furthest of Greater Victoria’s west shore communities, Sooke is a fantastic community for first time home buyers, offering the lowest prices in the region for single family homes, and generally reasonable real estate values across all categories.   Housing Type Average Price (2011) Median Price (2011) Single Family Dwelling $411,370 $395,000 Townhouse $325,533 $309,000 [...]

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Victoria BC House Prices

by gmclean November 17, 2011

Check out this article published recently in the Victoria Times/Colonist newspaper about Victoria house prices and how they’ve increased over the past decade. I was asked to comment on present Victoria real estate market conditions in relation to the global financial crisis that began in 2008 and offered that, in my opinion “we are stabilizing, [...]

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