British Columbia Real Estate Association Economist Predictions for 2025  Curious about where British Columbia’s real estate market is headed in 2025? The British Columbia Real Estate Association’s top economists have released their latest predictions. In this video, we break down their key forecasts and what they mean for buyers, sellers, and investors. Watch now to…

2024 Victoria real estate market year in review January 2, 2025  A total of 421 properties sold in the Victoria Real Estate Board region this December, 28 per cent more than the 329 properties sold in December 2023 and a 23.6 per cent decrease from November 2024. Sales of condominiums were up 25 per cent…

A warm start to winter sales in the Victoria real estate market December 2, 2024  A total of 551 properties sold in the Victoria Real Estate Board region this November, 39.8 per cent more than the 394 properties sold in November 2023 and a 15.7 per cent decrease from October 2024. Sales of condominiums were up…

First Home Savings Account First time buyers (or people who haven’t owned a house for 4 years) must open their account to take advantage of the ability to use the $8000 tax deductible benefit for 2024. If they don’t open the account in 2024 they lose that $8000 benefit for 2024. The FHSA, or First…

Victoria market exceeds expectations but remains balanced November 1, 2024  A total of 654 properties sold in the Victoria Real Estate Board region this October, 60.7 per cent more than the 407 properties sold in October 2023 and a 14.5 per cent increase from September 2024. Sales of condominiums were up 32.6 per cent from October…

Victoria real estate market current conditions benefit buyers and sellers October 1, 2024  A total of 571 properties sold in the Victoria Real Estate Board region this September, 15.8 per cent more than the 493 properties sold in September 2023 and a 4.8 per cent increase from August 2024. Sales of condominiums were up 21.9…

Victoria’s summer real estate market meets expectations September 3, 2024  A total of 545 properties sold in the Victoria Real Estate Board region this August, 0.2 per cent more than the 544 properties sold in August 2023 and a 16.5 per cent decrease from July 2024. Sales of condominiums were up 10.4 per cent from August…

Victoria housing market remains steady for buyers and sellers over summer August 1, 2024  A total of 650 properties sold in the Victoria Real Estate Board region this July, 9.2 per cent more than the 595 properties sold in July 2023 and a 1.7 per cent decrease from June 2024. Sales of condominiums were up 6.5…

Victoria real estate market slow and steady for buyers and sellers July 2, 2024  A total of 661 properties sold in the Victoria Real Estate Board region this June, 6.2 per cent fewer than the 705 properties sold in June 2023 and a 13.4 per cent decrease from May 2024. Sales of condominiums were down…

More time and choice in the Victoria real estate market June 3, 2024 A total of 763 properties sold in the Victoria Real Estate Board region this May, 1.5 per cent fewer than the 775 properties sold in May 2023 and a 12.5 per cent increase from April 2024. Sales of condominiums were down 5.2…

Spring property market brings positives for buyers and sellers in Victoria May 1, 2024 A total of 678 properties sold in the Victoria Real Estate Board region this April, 6.4 per cent more than the 637 properties sold in April 2023 and a 15.3 per cent increase from March 2024. Sales of condominiums were up…

Supply still key to Victoria’s housing market April 2, 2024 A total of 588 properties sold in the Victoria Real Estate Board region this March, 0.3 per cent fewer than the 590 properties sold in March 2023 but a 25.1 per cent increase from February 2024. Sales of condominiums were down 10.2 per cent from…

More inventory means greater opportunity in Victoria real estate market March 1, 2024  A total of 470 properties sold in the Victoria Real Estate Board region this February, 2.2 per cent more than the 460 properties sold in February 2023 and a 37.8 per cent increase from January 2024. Sales of condominiums were down 5.6…

A balanced market means opportunity for buyers and sellers in Victoria February 1, 2024  A total of 341 properties sold in the Victoria Real Estate Board region this January, 22.7 per cent more than the 278 properties sold in January 2023 and a 3.6 per cent increase from December 2023. Sales of condominiums were up 10.9…

The 2023 Victoria real estate market year in review January 2, 2024  A total of 329 properties sold in the Victoria Real Estate Board region this December, 2.8 per cent more than the 320 properties sold in December 2022 and a 16.5 per cent decrease from November 2023. Sales of condominiums were up 14.9 per cent…

Slower winter markets can benefit buyers and sellers December 1, 2023  A total of 394 properties sold in the Victoria Real Estate Board region this November, a 2.6 per cent increase from the 384 properties sold in November 2022 and a 3.2 per cent decrease from October 2023. Sales of condominiums were down 11.8 per cent…

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Interest rates a large factor in Victoria real estate market November 1, 2023  A total of 407 properties sold in the Victoria Real Estate Board region this October, 15.2 per cent fewer than the 480 properties sold in October 2022 and a 17.4 per cent decrease from September 2023. Sales of condominiums were down 7.2 per…

While value of homes in Victoria remains stable, the cost to own continues to rise October 3, 2023  A total of 493 properties sold in the Victoria Real Estate Board region this September, 20.2 per cent more than the 410 properties sold in September 2022 and a 9.4 per cent decrease from August 2023. Sales…

Victoria real estate market needs better mix of housing supply to help restore balance September 1, 2023  A total of 544 properties sold in the Victoria Real Estate Board region this August, 13.8 per cent more than the 478 properties sold in August 2022 and an 8.6 per cent decrease from July 2023. Sales of…

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…

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…

Spring market begins to grow just in time for summer June 1, 2023  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…

Everything Strata Seminar How the recent changes to the strata property act will affect you.   When: March 28, 2023. 4PM – 6PM 4440 Chatterton Way, Victoria BC   Must RSVP 250-477-5551 or team@mcleanrealestategroup.ca Space is limited!   Presentations by; Jesse Mullin – Lawyer with Mullin DeMeo Wirk Ryan Stenquest – Condo Clear Strata Doc…

Winter real estate market wraps with improved consumer confidence and more stable pricing March 1, 2023  A total of 460 properties sold in the Victoria Real Estate Board region this February, 35.9 per cent fewer than the 718 properties sold in February 2022 but a 65.5 per cent increase from January 2023. Sales of condominiums…

A slow start to the year may not foretell the future for the Victoria housing market February 1, 2023  A total of 278 properties sold in the Victoria Real Estate Board region this January, 41.4 per cent fewer than the 474 properties sold in January 2022 and a 13.1 per cent decrease from December 2022. Sales…

The 2022 Victoria Real Estate Market Year in Review January 3, 2023  A total of 320 properties sold in the Victoria Real Estate Board region this December, 26.9 per cent fewer than the 438 properties sold in December 2021 and a 16.7 per cent decrease from November 2022. Sales of condominiums were down 38.2 per…

Victoria Real Estate Board Market Report for November 2022 December 1, 2022  A total of 384 properties sold in the Victoria Real Estate Board region this November, 41.2 per cent fewer than the 653 properties sold in November 2021 and 20 per cent fewer than in October 2022. Sales of condominiums were down 42.4 per…

2023 Canadian Housing Market Outlook RE/MAX experts give an overview of the national housing market and their insights into 2023 National Market Trends A look back at real estate activity in 2022 and what to expect in the year ahead. NATIONAL AVERAGE PRICE EXPECTED TO DECREASE 3.3% 55% OF REGIONS LIKELY TO SHIFT TO BALANCED…

A slight uptick in sales and inventory, but Victoria market still requires commitment to homes A total of 480 properties sold in the Victoria Real Estate Board region this October, 35.6 per cent fewer than the 745 properties sold in October 2021 but a 17.1 per cent increase from September 2022. Sales of condominiums were…

Victoria’s summer real estate market conditions push into September A total of 410 properties sold in the Victoria Real Estate Board region this September, 46.1 per cent fewer than the 761 properties sold in September 2021 and a 14.2 per cent decrease from August 2022. Sales of condominiums were down 58.8 per cent from September…

The three sectors of the Residential housing market, Condominiums, Townhouses and Single Family are all headed to a more balanced market situation based on the months of inventory measurement. Single family values based on average selling prices comparing August 2021 to August 2022 have declined approximately 3%. As stated last month if you compare average…

Shift in Victoria Real Estate market brings more time for buyers and sellers A total of 510 properties sold in the Victoria Real Estate Board region this July, 38.9 per cent fewer than the 835 properties sold in July 2021 and a 16.7 per cent decrease from June 2022. Sales of condominiums were down 39.4…

Victoria’s hot housing market levels off, supply still important for long-term attainability A total of 612 properties sold in the Victoria Real Estate Board region this June, 35 per cent fewer than the 942 properties sold in June 2021 and a 19.6 per cent decrease from May 2022. Sales of condominiums were down 40.2 per…

May 2022 Victoria Market Stats A total of 761 properties sold in the Victoria Real Estate Board region this May, 27.5 per cent fewer than the 1,049 properties sold in May 2021 and a 7.6 per cent decrease from April 2022. Sales of condominiums were down 23.1 per cent from May 2021 with 250 units…

An industry that is millions of real estate agents strong comes with its own set of compliments and complaints! In fact, as of October 2020, there were 1,451,031 members of the National Association of Realtors. Buying or selling a home is the biggest financial transaction that you’ll have in your life, so of course, who you work…

Sometimes, you have to get a little creative to stand out in this busy market. Over the past year, the real estate market has been so hot that it’s not unusual for homes to go off-market in days. (The lack of inventory is to blame.) When even homes that need serious work are breaking price…

Home design has become the trend to watch as life at home became so in-focus last year. Each year new design trends find their way into magazines, TV shows, home decor stores, and lastly, homes, and 2021 is certainly no different. From multi-functional workspaces to design that has the simple charms of old school nostalgia…

If last year has taught us anything, it is to appreciate all the little moments and to hold your loved ones a little tighter when you can. That’s why we want to encourage you to celebrate Valentine’s day, even if it feels a little different this year. Love can manifest itself in many different ways,…