New population data came out last week, and it showed that though growth was down from the last two years, Victoria grew by 1.7% in 2024, still substantially faster than what we were used to...
From the blood-from-a-stone department, we have a new flipping tax in BC since the start of the year. Similar to the federal version, the BC flipping tax imposes additional tax on homes flipped for a...
Well it’s the time of year again when we look back at the predictions made for 2024 and how well they did (or more likely, didn’t) pan out. There are dozens of people whose job...
CMHC dropped their annual rental market report last week, and though headlines focused on the fact that Victoria is the second most expensive city in Canada (overtaking Toronto), the data for Victoria is actually very...
With the inevitable long run trend of deteriorating affordability for the typical house on a 6000sqft lot, I believe the future of family housing in most of our cities is some form of townhouse. Problem...
Something I’ve been puzzling over is how active the market has been recently, despite the fact that affordability is still quite poor relative to historical norms. Even setting aside single family which is fundamentally supply...
The market started picking up in September, detached went on something of tear in October, and November brought continued strong activity, this time more broadly across all residential property types. Make no mistake, this is...
The market is continuing on a bit of a tear in November, and while cities around the province and country are reporting a rebound in sales activity, Victoria is showing one of the strongest recoveries. ...
Occasionally I will get a question like “hey I’m looking to sell soon, when’s the best time?” or “when should I buy to get a good deal?” The answer to both is: you’re probably focused...
It’s Remembrance Day, and across the country there will be ceremonies today honouring the sacrifices of members of the Canadian Armed Forces, both current and past. These ceremonies remind us of the profound debt we...
As discussed last month, the market set up and achieved a big outperformance in October. In fact with 654 sales, activity was 61% above last year’s total, even stronger than my estimate of a 30-50%...
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