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A greater commitment to development required to balance local housing market     October 1, 2021  A total of 761 properties sold in the Victoria Real Estate Board region this September, 23.1 per cent fewer than the 989 properties sold in September 2020 and 8.4 per cent fewer than the previous month of August. Condominium sales were up 9.3 per cent from September 2020 with 306 units sold. 11.3 per cent fewer condominiums sold in September 2021 than in the previous month... [read more]

Inventory pressures continue to constrain Victoria real estate market     November 1, 2021  A total of 745 properties sold in the Victoria Real Estate Board region this October, 24.7 per cent fewer than the 990 properties sold in October 2020 and 2.1 per cent fewer than the previous month of September. Condominium sales were down 18.1 per cent from October 2020 with 249 units sold. 18.6 per cent fewer condominiums sold in October 2021 than in the previous month of... [read more]

      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... [read more]

Happy New Year! The Victoria Market Stats are here! The inventory continued to be low throughout the month of December despite the high demand for properties from buyers. There was 438 properties sold in the Victoria Real Estate Board region this December! 30.6 per cent fewer than the 631 properties sold in December 2020 and a 32.9 per cent decrease from November 2021. We had a historic year however. A total of 10,052 properties were sold during 2021, which was 18.3... [read more]