FEBRUARY MARKET REPORT
Posted on Mar 06, 2025
February was another stable month for local real estate market. 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 buyers and sellers. Nearly two years of steady prices combined with recent favourable interest rat...
MAY MARKET REPORT
Posted on Jun 04, 2024
Spring is generally prime time for real estate in Victoria and May is typically when we are at or near to the peak of activity in our property market. This May was another stable month for both buyers and sellers. With more inventory on the market, consumers had more choice and could take time to make decisions and complete their due diligence. The...
FEBRUARY MARKET REPORT
Posted on Mar 05, 2024
We saw glimmers of a start to the spring market over the course of February. In addition to the increase in sales, more than 500 new listings came to market when compared to last year's inventory numbers. This much needed inventory gives buyers more selection and more time to make their purchasing decisions. We've also seen prices continue to remai...
JANUARY MARKET REPORT
Posted on Feb 08, 2024
Our housing market eased into the new year with a renewed sense of balance. Sales were up slightly based off last year's very low numbers, and overall, we saw the stabilization that we observed in late 2023 continue into 2024. Mortgage rates have levelled out, inventory is slowly creeping back up, and we are no longer in that highly pressurized mar...
DECEMBER MARKET REPORT
Posted on Jan 03, 2024
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I've spoken a lot this year about our market's return to traditional seasonal patterns and at the conclusion of 2023 we can see that this trend continues. This is a welcome relief for sellers and buyers after an extraordinary 5 years of real estate market disruption. Everyone benefits from a more predictable real estate m...
I've spoken a lot this year about our market's return to traditional seasonal patterns and at the conclusion of 2023 we can see that this trend continues. This is a welcome relief for sellers and buyers after an extraordinary 5 years of real estate market disruption. Everyone benefits from a more predictable real estate m...
NOVEMBER MARKET REPORT
Posted on Dec 06, 2023
This November we saw a 2.6% increase from the number of properties sold in November 2022 but a 3.2% decrease from October. Sales of condominiums were down 11.8% from this time last year and sales of single family homes increased by 6% from November 2022. At the end of November, we saw a decrease in active listings overall compared to the previous m...