Real Estate Blog

Victoria Real Estate Market Experiences a Burst of Activity 

December 1, 2017 

A total of 671 properties sold in the Victoria Real Estate Board region this November, 12 per cent more than the 599 properties sold in November last year. 

Victoria Real Estate Market is busy

"We suggested last month that some buyers may accelerate their purchase timeline to buy a new home in anticipation of the mortgage stress test on uninsured buyers - those with a down payment of 20 per cent or more - that will come into effect on January 1," says Victoria Real Estate Board President Ara Balabanian. "Judging by the sales we saw in November and what I have heard from our REALTOR® members, some buyers have indeed accelerated their purchasing plans to avoid the stress test.

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Moving to a new home is always stressful. Throw in a new neighbourhood, or even a whole new city, and everyone involved is bound to feel anxious. We’ve seen our fair share of house moves within Victoria real estate, and have noticed behaviours that lend to a smooth relocation and behaviours that lend to a not-so-smooth one. Here’s what we’ve found to be the top five savvy tips to make your next move as stress-free as possible. With a little planning and organization, this move could be a breeze (and hey, maybe even enjoyable!)

Make a list

First things first: write down what needs to get done. By getting clear on specific tasks (like “donate lamp in attic” or “clean behind fridge”), you’ll break the daunting moving process down into manageable chunks

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Victoria Real Estate Market Slowly Stabilizing after a Record Breaking 2016

November 1, 2017 A total of 664 properties sold in the Victoria Real Estate Board region this October, 9.7 per cent fewer than the 735 properties sold in October last year.

"As expected, we saw fewer sales than this time last year," notes Victoria Real Estate Board President Ara Balabanian. "Looking at the longer term picture however, sales last month were 17.1 per cent above the ten year average of 567 properties for the month of October, so the market is still very active here in Victoria, and this is in spite of the ongoing low inventory levels."

There were 1,905 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of October 2017, a

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There are two main reasons you might need a home renovation: firstly, you think you need a reno (you’re bored of the way your space looks and feels), and secondly, physical deterioration indicates you’re in need of an upgrade. The second reason can be trickier to spot, since some deterioration (like mold or corrosion) can be hidden.

Of course renovations can be costly and very disruptive to your living arrangement in terms of noise and mess, which can add temporary stress at home. So want to make sure you’re investing in a reno when it’s actually necessary.  Take some time to go through your space and think about the following factors when deciding whether or not to reno.

Kitchen

Some say the kitchen is the most important room in the house. More often

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It’s that time of year again...the leaves are turning, the days are shorter, and something in the brisk air seems to whisper “pumpkin spice latte” and “let’s stay home tonight.” With the change of the season and Halloween just around the corner, you may be looking for ways to get your house prepared for Trick or Treaters, autumnal dinner parties, or simply to get in the spooky spirit while at home cooking dinner or watching scary movies. Here are some tips on how to prepare your space for the spooky season.

Choose a theme and stick to it

Before decorating your space, I suggest choosing an overall Halloween theme. With so much Halloween paraphernalia to choose from (black cats to cauldrons...goblins to the Grim Reaper), it can be overwhelming to take on

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Waterfront Living

A West Coast Waterfront Paradise!  Nestled on 2.54 private acres is this quintessential West Coast waterfront home in Cherry Point. Featuring lofted ceilings throughout the home designed to take in natural light and exposing ocean views from almost every window in the home.To accommodate guests and entertaining; a new kitchen, 2 family rooms conveniently connected to over 1500sq ft of Kitchen decks, along with 4/5 bedrooms & 4 bathrooms. Downstairs features a waterside gym & lounge with walkouts to acovered waterfront patio. Plenty of parking with a covered carport with separate upstairs storage & sheltered walkways to the front door. Fully landscaped with terraces, mature shrubs & trees with meandering paths to the lowbank beach where you can

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Victoria Real Estate Market Changes Tempo for Autumn

October 2, 2017  A total of 640 properties sold in the Victoria Real Estate Board region this September, 18.1 per cent fewer than the 781 properties sold in September last year.

“We can certainly feel the difference in the current market when we compare to last year’s record breaking numbers. Last year the pace of the market was intense, there was a lot of pressure on pricing and demand,” notes Victoria Real Estate Board President Ara Balabanian. “Now the tempo of the market is trending slowly – very slowly – towards more balanced conditions. Recently we’ve seen overall price increases level out, which can indicate slightly less demand, and inventory is building.”

There were 1,976 active listings for

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Cadboro Bay Real Estate

Organic Cadboro Bay living. Only steps to the ocean and the shops of Caddy Bay sits this sweet home on Mystic Pond. 4 Bed & 2 Bath with a custom kitchen & open plan living is just the beginning of this story. Oak flooring, along with a custom wood burning fireplace creates the warmth that this home exudes. Taking advantage of the exceptional sun, the organic gardens were planted to provide food for the homeowners and to teach the children sustainability. Espalier fruit trees are only just coming into their own and with the additional new greenhouse, the growing is just getting started. The backyard is on Mystic pond and from the sun drenched decks one can watch the wildlife. Less than a minute walk down the quiet street is the

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There is a growing trend throughout the U.S. and Canada towards bigger and bigger homes. We want to discuss this trend and also ask the question is there ever such thing as too much house? As with any dispute personal taste and individual prerogatives are the driving forces.  People quite often look at upgrading their existing home for a larger one when they have outgrown their smaller one, receive a promotion or raise at work, or when they live a particular lifestyle. The idea of a “dream,” home is usually placed alongside having a large lot and home on that property but in real estate we learn everyday that everyone has a different idea of what their “dream,” home could be.

 

Income: How much house can you afford? The driving forces for the

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Condo for Sale

1 Bedroom & Den Sub Penthouse Floor. If you are looking for an investment in either your life or portfolio, look no further than this excellent building called the Astoria.

 

ABOUT CONCERT

Founded in 1989, Concert specializes in developing rental apartments, condominium homes and retirement communities, acquiring and developing commercial, industrial and infrastructure properties and in property management. With operations in British Columbia, Alberta and Ontario and the backing of more than 200,000 Canadians represented by the union and management pension plans who own Concert, our commitment is to build strong, sustainable communities across Canada

Victoria Condo for sale

Astoria Building

Concert's first residential development in Victoria, Astoria is a

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