Strong First Quarter for BC Housing Markets, But Rising Rates Loom Large
March Market Report 2022

The British Columbia Real Estate Association (BCREA) reports that a total of 11,463 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March 2022, a decrease of 24.1 per cent from a record March 2021.

The average MLS® residential price in BC was $1.096 million, a 15.7 per cent increase from $946,813 recorded in March 2021. Total sales dollar volume was $12.6 billion, a 12.1 per cent decline from the same time last year.

“Home sales in the province continue to moderate from record highs of this time last year,” said BCREA Chief Economist Brendon Ogmundson. “Given the sharp rise in Canadian mortgage rates and expected…

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Consumer Protection

The British Columbia Real Estate Association (BCREA), with support from the province’s eight real estate boards and 24,000 REALTORS®, has presented a white paper to the BC government with sweeping recommendations on creating more housing options for British Columbians, improving affordability and better protecting consumers in real estate transactions. We call our white paper A Better Way Home: Strengthening Consumer Protections in Real Estate.

Our recommendations are based on extensive feedback from consumers and Realtors, including focus groups and surveys. It combines on-the-ground insights from buyers, sellers and Realtors with detailed economic analysis and a study of the impacts of attempted housing market interventions…

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Float Home for Sale in Fishermans Wharf

Fisherman's Wharf


Video Tour

Charming Float Home in the heart of James Bay at Fisherman's Wharf. Living on the water is a lifestyle and this one comes with lots of perks. Arriving at the home, you are greeted by a lovely porch where you can have coffee and chat with your neighbours. There is ample room with 738 sqft of finished living space featuring clean lines, exposed painted white rafters & ceiling joists giving the home a beach feel. Open concept kitchen with stainless appliances, gas stove and breakfast bar. Living room with efficient propane fireplace. Main floor 4-pc bath. Master bedroom has sliding doors to your own private covered balcony to enjoy the sights and sounds of waterfront life. Skylight and plenty…

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Record low inventory prevents Victoria real estate market from cooling-off

A total of 718 properties sold in the Victoria Real Estate Board region this February, 16.8 per cent fewer than the 863 properties sold in February 2021 but a 51.5 per cent increase from January 2021. Sales of condominiums were down 7.9 per cent from February 2021 with 267 units sold. Sales of single family homes decreased 20.8 per cent from February 2021 with 309 sold. “It was heartening this month to see some more listings come to market in February,” said 2022 Victoria Real Estate Board President Karen Dinnie-Smyth. “However, inventory levels remain at record lows and without a strong government focus on increasing supply, buyers will continue to face escalating…

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Top Victoria Realtor I am honoured to receive the President's Premier Award representing the Top 1% of Coldwell Banker Agents Worldwide from one of the largest Real Estate brokerages globally. If you need help selling or buying a home, my phone is always on and I would be happy to advise and help you through this transitional process. Feel free to reach out anytime if only for a coffee/tea and a chat.

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This Beacon Hill condo is perfectly located in the highly sought after Roberts House development in the charming and historic James Bay area. No need for a car with its walkability factor, but an underground parking spot is included along with convenient electric charging stations & guest parking. Floor to ceiling windows allow for stunning views of famous Beacon Hill Park with a convenient balcony that adds outdoor living space to this groovy studio. The well planned layout offers seating & office space, an eating area, a sleep zone, a separate kitchen & bath plus an oversized walk-in closet. Tastefully decorated and updated throughout. An extremely well run concrete and steel building with on-site management, parking, community gardens, bike…

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Limited inventory continues to be key in Victoria real estate market

A total of 474 properties sold in the Victoria Real Estate Board region this January, 26.6 per cent fewer than the 646 properties sold in January 2021 but an 8.2 per cent increase from December 2021. Sales of condominiums were down 13 per cent from January 2021 with 188 units sold. Sales of single family homes decreased 39.7 per cent from January 2021 with 179 sold.

“A cursory glance at our sales numbers could lead to the quick conclusion that our market is slowing down,” says 2022 Victoria Real Estate Board President Karen Dinnie-Smyth. “But what we must consider is not only the number of homes that have sold, but also the number of homes which were for available for sale within…

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Victoria Market Report 2021

No change on the horizon for the Victoria real estate market

A total of 653 properties sold in the Victoria Real Estate Board region this November, 17.9 per cent fewer than the 795 properties sold in November 2020 and 12.3 per cent fewer than the previous month of October.

236 condominiums sold, 5.2 per cent fewer than in the previous month of October. 276 single family homes sold, 18.6 per cent fewer than in the previous month of October. "Strong demand for housing in our community continues to exceed the ultra-low number of listings of homes available for sale,” said Victoria Real Estate Board President David Langlois. “This demand creates competition and pressure on pricing and we continue to see home values notch…

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Renovation of a Historic home in Victoria

This past year, I helped clients purchase a beautiful home on Fort St in Victoria.  This section on Fort st is home to a variety of zones including; Residential, Multi family, Commercial and Office.

Originally a family home, over the past 130 years it has had several uses ( Real Estate Office, Care Home management to name a few)  Historic home renovation

The house required a major lift for these clients who were looking for a space to move their family wealth management business into.  The home had great interior features that needed some new love and planning.  Parking downtown was tough and at the very least, this site offered generous space for employees and clients.  

I thought it would be fun to take people on a journey…

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Multiple Offers!

  Tight housing market continues in February with relentless demand and low inventory. Demand has grown in all housing types and sales increased 36% compared to January with only a 3% increase in inventory. Prices were up 7% overall compared to January averaging 121% of assessed value. Median house price has increased from $710,000 to $746,000. Housing supply has again diminished, leaving us with only 1.2 months of inventory vs. 1.5 months in January and December. Not sure we can get more blood from this beautiful rock we live on.  

Sales stats for Victoria

Single Family Homes: We are down to a 0.9 month supply of single family homes with 314 sales and 296 listings; with an average of 9 days on market, most sales…

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