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In April, Greater Victoria condo sales increased 20 per cent month-over-month while single-family sales remained virtually unchanged. According to the Victoria Real Estate Board, new developments in View Royal and Langford, resulting in a higher sales volume in April when 171 condos were s...
The BC government has introduced a pair of measures worth a combined $51 million to spur this province’s homebuilding industry. The first-time homebuyers' bonus will offer eligible buyers up to $10,000 back on new homes purchased between Feb. 21 of this year and April 201...
Worried about a housing bubble and burst impacting Canadian real estate markets? Expect a slow cooling suggests a leading bank economist, as markets correct and affordability concerns are addressed. In early January, BMO Capital Markets chief economist Sherry Cooper asserted th...
How low can rates go? For many Victoria homeowners and Victoria real estate purchasers, it’s never looked more attractive to lock in their mortgage rate for five years. However, recent news that the U.S. Federal Reserve won’t be hiking rates until the end of 2014 should make ho...
Real estate optimism springs eternal in Victoria and this optimism was buoyed by December 2011 sales stats recently released by the Canadian Real Estate Association. According to the association, sales of existing homes in Canada rose 1.8 per cent in December from the previous month, and ...