Stay Informed: The Latest Market Updates in Victoria, BC

January 2025 - Victoria MLS Market Update

January Marks a Strong Start for Victoria’s Housing Market The Victoria real estate market began 2025 on solid footing, with 422 properties sold in January, reflecting a 23.8% increase from the 341 sales in January 2024 and a slight 0.2% rise from December 2024. This steady activity suggests growing

December 2024 - Victoria MLS Market Update

December Reflects Seasonal Calm in Victoria’s Housing Market The Victoria real estate market reflected typical seasonal trends this December, with 421 properties sold in the region. This represents a 28% increase compared to the 329 sales in December 2023, yet a 23.6% decline from November 2024’s s

November 2024 - Victoria MLS Market Update

November Brings Balanced Conditions to Victoria's Real Estate The Victoria real estate market continued to demonstrate stability this November. A total of 551 properties were sold, reflecting a 39.8% increase compared to the 394 sales recorded in November 2023. However, sales dropped by 15.7% compa

November 2024 - Victoria MLS Market Update

Interest Rates In Canada: What’s Going On, and What’s Next?

Canada’s Evolving Interest Rate Landscape: What to Expect in the Months Ahead In recent months, the Bank of Canada (BoC) has been on a mission to stabilize the Canadian economy by adjusting interest rates. The latest move—a half-point cut in October, bringing the policy rate to 3.75%—indicates the

October 2024 - Victoria MLS Market Update

Market Remains Stable with Increased Sales Activity October 2024 continued to show a stable real estate market in Victoria, BC, with 654 properties sold—a 60.7% jump from the 407 sold in October 2023 and a 14.5% increase from September 2024. This rise in sales activity, though substantial, aligns mo

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