Victoria Market Report - August 2023

Victoria real estate sales reflect summer trends

August 1, 2023  A total of 595 properties sold in the Victoria Real Estate Board region this July, 16.7 per cent more than the 510 properties sold in July 2022 and a 15.6 per cent decrease from June 2023. Sales of condominiums were up 16.3 per cent from July 2022 with 200 units sold. Sales of single family homes increased 15.4 per cent from July 2022 with 293 sold.
"We talked about the return to seasonal norms last month," said Victoria Real Estate Board Chair Graden Sol. "The July numbers reinforce the re-establishment of seasonal patterns with a slow-down in activity as the summer season set in. This dip in activity doesn't come as a surprise - it…

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Coastal Living On Cortes Island


Cortes Island is one of the Discovery Islands situated between Vancouver Island and the mainland. It is accessible by boat or ferry from Campbell River or Quadra Island.

A hidden gem with breathtaking landscapes, rich biodiversity, lush vegetation and a pristine shoreline. Cortes offers a serene escape from the hustle and bustle of modern life.  Whether you seek outdoor adventures, artistic inspiration or a a place to reconnect with nature, it has something magical to offer everyone.

Imagine waking up to the sound of waves lapping against the shore or enjoying your morning coffee while watching the sunrise over the water. The island provides and abundance of privacy and tranquility.

Real Estate on Cortes:


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Coastal & Inland Communities of the Cowichan Valley

The boundaries of the Cowichan Valley region are not strictly defined on a map, however they generally encompass the southern coastline of Cowichan Bay to the northern edge of the Cowichan Lake area. The main communities within the valley include Shawnigan, Mill Bay, Cobble Hill, Cowichan Lake and Duncan.

Its name comes from the Cowichan First Nations who have inhabited the area for thousands of years. The valley has rich Indigenous heritage and the Cowichan Tribes play an essential role in the region's cultural fabric. 

The scenic drive from Shawnigan to Duncan offers a delightful journey through diverse landscapes. As you embark on this drive, you'll experience the beauty of the regions lush…

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VICTORIA MARKET REPORT - July 2023


Conclusion of a strong spring Victoria real estate market

July 4, 2023  A total of 705 properties sold in the Victoria Real Estate Board region this June, 15.2 per cent more than the 612 properties sold in June 2022 and a 9 per cent decrease from May 2023. Sales of condominiums were up 19.8 per cent from June 2022 with 242 units sold. Sales of single family homes increased 6.6 per cent from June 2022 with 322 sold.

"As we consider the first half of the year, we see a return to a more traditional sales trend which follows the seasons," said Victoria Real Estate Board Chair Graden Sol. "During and shortly after the pandemic, we couldn't rely on our usual comparisons to explain the market. This year we have seen a…

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ESCaPE TO SERENITY
ON 'SALT SPRING IslanD'

Salt Spring Island is a stunning and unique Gulf Island located in the Strait of Georgia, between the mainland of British Columbia and Vancouver Island. It is the largest and most developed of the Gulf Islands with a population of around 10,000 residents.

It is known for its vibrant arts community and laid back casual lifestyle.  The island offers picturesque landscapes, charming villages and a welcoming atmosphere. There are a wide range of recreational activities here such as hiking, kayaking, boating and cycling. With its diverse eco-system of lush forests, rolling hills and gorgeous beaches, there are plenty of opportunities to explore and enjoy nature.

Salt Spring has an artistic flair with a…

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LIFE ON A FLOAT HOME 

 

Living in style on the water has never been more affordable.  Minutes away from the city amenities. Float homes have become highly sought after since the tiny home movement picked up speed.   

Float homes offer a unique living option as a full time resident or a vacation home. They are modest scaled down efficient homes that just make sense for individuals with a desire to live their lives in harmony with nature. 

People have been living from floating structures other than just boats, throughout British Columbia for over 150 years. Floating fish and logging camps have been a way of life for many years. 

Float homes in BC are strictly regulated by government authorities regarding discharge of sewage, fire control,…

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VICTORIA MARKET REPORT - June 2023

Spring market begins to grow just in time for summer

A total of 775 properties sold in the Victoria Real Estate Board region this May, 1.8 per cent more than the 761 properties sold in May 2022 and a 21.7 per cent increase from April 2023. Sales of condominiums were down 0.8 per cent from May 2022 with 248 units sold. Sales of single family homes increased 8.7 per cent from May 2022 with 399 sold.

“The month of May marks the highest number of sales we’ve seen since April of last year,” said Victoria Real Estate Board Chair Graden Sol. “While we haven’t seen the number of total sales we would expect in a spring market, the month of May marks the fourth consecutive month with sales higher than the month…

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PENDER ISLAND-
IN THE GULF ISLANDS OF BC






Pender Island is one of the Southern Gulf Islands in British Columbia, Canada. It is situated in the Strait of Georgia between Vancouver Island and the mainland of British Columbia. The island is part of Capital Regional District and has an approximate population of just under 2,500 people.

The island is made up of two main communities, North Pender Island and South Pender Island, which are connected by a bridge and are surrounded by the Salish Sea. Each community has its own distinct character and amenities. North Pender Island is more developed and offers services such as grocery stores, restaurants, shops, and accommodations. South Pender Island, on the other hand, is more rural and features a quieter…

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The Gulf Islands in British ColumbiaKO_97678.JPG

There are over 200 Gulf Islands located in the Strait of Georgia between Vancouver Island and the mainland coast of British Columbia. They are known for their natural beauty, mild climate and relaxed way of life. The Gulf Islands are a popular tourist destination that attract visitors who enjoy the beaches, parks, wildlife and recreation opportunities. They are also home to a number of artists, writers and musicians so there is a thriving arts and culture scene.  They islands are also home to a number of protected areas including the Gulf Islands National Reserve which encompasses several islands and provides habitat for a variety of plant and animal species.  The islands are an important part of the traditional…

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MARKET REPORT - May 2023

Victoria Market Report


Not enough growth in inventory numbers means spring market sales slow

May 1, 2023  A total of 637 properties sold in the Victoria Real Estate Board region this April, 22.7 per cent fewer than the 824 properties sold in April 2022 but an 8 per cent increase from March 2023. Sales of condominiums were down 21.8 per cent from April 2022 with 205 units sold. Sales of single family homes decreased 19.4 per cent from April 2022 with 325 sold.

"Sales numbers for this April are more moderate than the higher levels we've seen in recent years," said Victoria Real Estate Board Chair Graden Sol. "We are in a familiar market pattern, where the majority of sales for the year occur in the spring. While…

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