Victoria real estate activity tempered by political and economic uncertainty

May 1, 2025  A total of 642 properties sold in the Victoria Real Estate Board region this April, 5.3 per cent fewer than the 678 properties sold in April 2024 but 4.7 per cent more than in March 2025. Sales of condominiums decreased by 10.1 per cent from April 2024 with 187 units sold. Sales of single family homes decreased by 0.6 per cent from April 2024 with 335 sold.

"While sales were up from March, activity in April was most likely impacted by events in play well beyond our immediate real estate market," said 2025 Victoria Real Estate Board Chair Dirk VanderWal. "Political uncertainty associated with the federal election, combined with broader economic concerns…

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Victoria real estate market stable in the face of uncertainty

April 1, 2025  A total of 613 properties sold in the Victoria Real Estate Board region this March, 4.3 per cent more than the 588 properties sold in March 2024 and 16.1 per cent more than in February 2025. Sales of condominiums were up 14.1 per cent from March 2024 with 202 units sold. Sales of single family homes increased by 2.1 per cent from March 2024 with 292 sold. 

“The economic uncertainty the world faces right now certainly colours our local real estate market,” said 2025 Victoria Real Estate Board Chair Dirk VanderWal. “In spite of this, our market remains as it has in recent months - stable and balanced. Inventory levels this past month held steady at over three thousand…

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February a steady month for Greater Victoria Buyers & Sellers

March 3, 2025  A total of 528 properties sold in the Victoria Real Estate Board region this February, 12.3 per cent more than the 470 properties sold in February 2024 and 25.1 per cent more than in January 2025. Sales of condominiums were up 26.3 per cent from February 2024 with 192 units sold. Sales of single family homes increased by 4.5 per cent from February 2024 with 234 sold.

"February was another stable month for local real estate," said 2025 Victoria Real Estate Board Chair Dirk VanderWal. "The combination of slowly growing inventory and slightly increased sales means that our market remains in balance from the start of the year, which creates comfortable conditions for both…

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2025 housing market kicks off with good balance of inventory and stable pricing

February 3, 2025  A total of 422 properties sold in the Victoria Real Estate Board region this January, 23.8 per cent more than the 341 properties sold in January 2024 and 0.2 per cent more than in December 2024. Sales of condominiums were up 30.4 per cent from January 2024 with 146 units sold. Sales of single family homes increased by 19.8 per cent from January 2024 with 194 sold.

"We've seen a strong hand off from the December market to January with a good sense of momentum building," said 2025 Victoria Real Estate Board Chair Dirk VanderWal. "Over the course of the month, we saw an uptick in new listings, and it is the first time in ten years that over one thousand…

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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. - MLS#981258  $1,149,000
Cowichan Bay - Duncan

3777 Pinecrest Rd. ~  MLS#973903  $1,545,000
Black Creek - Comox Valley

363 Shopland Rd.e ~ MLS#959301 $935,000
…

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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 real estate," said 2024 Victoria Real Estate Board Chair Laurie Lidstone. "And this is what we like to see for consumers! It has been a year of stability and…

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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. “With the steady decrease we’ve seen in interest rates and the continued balance in the market, consumers are feeling more comfortable and empowered to make the big…

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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 panels, generators, or even wind turbines. Water collection, filtration systems, and composting toilets are common as well. People here are often skilled in…

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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 seller’s timeline. Both strategies have their risks & rewards. A balanced approach often involves considering nearby comps and recent market trends.

Pros & cons…

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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 Dirk VanderWal. 'October 2023 saw the fewest sales in that month since 2008, which distorts a year-over-year comparison; in fact, last month's sales count was almost…

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