There’s an arbitrary divider in market activity that I’ve written about a number of times in the past: the CMHC mortgage cap of $1M has concentrated activity below that amount while weakening activity above it. ...
Victoria has been in the news for approving several buildings with minimal parking, with a recent approval of a rental building at Quadra and Fisgard with 4 parking spaces joining a car-free sixplex on Belton...
August ended with 545 sales and 1043 new listings. Year over year that’s the same number of sales and slightly (4%) fewer new listings. Adjusting for the fact there was one fewer business day this...
We’re over two years from a rise in rates that was in some ways unprecedented in Canada. It’s not that the magnitude of rates is unusual (they’ve been much higher in the past), but because...
It’s a quiet time in the market between the active spring market and the back to school bump in activity we usually see in September. Despite prices that are unchanged, incomes that are higher, and...
Property owners have generally been accustomed to not worrying too much about what aspects of their property is or isn’t legal. Buying a home with an illegal suite? Well that’s almost all of them, and...
Though July’s 650 sales were up 9% from last year, the reality is the sales rate was unchanged, with the increase entirely due to a couple more business days this year. The 1319 new listings...
The year is 2004, mid-summer. The real estate market is on fire, with the average house selling for just under $400,000, up 40% from just two years ago. The average tenant is paying $629 for...
I’m still out of town, but as I lounge by the pool, a quick update on the BC government’s Small Scale Multiunit Housing mandates that were due to be implemented into zoning by June 30th....
A quick update on the week’s market activity since I’m out of town for a couple weeks. July 2024 July 2023 Wk 1 Wk 2 Wk 3 Wk 4 Sales 134 285 595 New Listings...
The province has announced that most of our regional municipalities will be subject to housing targets, with timelines starting either last October, this May, or in the near future. That means municipalities will be required...
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