February: It depends on where you look
This post is 2 years old. The data and my views may have since evolved.The leap year saved the market from year over year sales declines, with 29 sales reported on the 29th bringing us...
Category: Monthly
January: Teetering
This post is 2 years old. The data and my views may have since evolved.January was in some ways fairly unremarkable, with market conditions coming in essentially identical to this time a year ago. With...
December: Signs of life to end the year
This post is 2 years old. The data and my views may have since evolved.A brief update with the December month-end stats and charts. Generally, not much happens in December, and on the surface of...
October: Rates and Regulations
This post is 2 years old. The data and my views may have since evolved.It’s been an eventful month for the housing market both in Victoria and the broader regulatory landscape in the province. In...
September: It’s all about them rates
This post is 3 years old. The data and my views may have since evolved.September is a wrap, and it’s clear that rising rates are putting a damper on the market, at least in terms...
August: Market stall continues
This post is 3 years old. The data and my views may have since evolved.August ended with 544 sales, up 14% from last year’s total, and 21% below the 10 year average. Weak sales activity...
June: Market still largely undeterred by rising rates
This post is 3 years old. The data and my views may have since evolved.The Bank of Canada hit resume on their rate hiking path in June, and may well continue with another rate hike...
April: New listings shortage gets critical
This post is 3 years old. The data and my views may have since evolved.I’ve been banging on about the shortage of new listings for months, but in April things really got critical for the...
March: Slow sales & tight supply, plus housing reforms
This post is 3 years old. The data and my views may have since evolved.March is a wrap, and the situation remained substantially the same as in February. Sales are still historically slow for this...
February: Market tightens up due to low new listings
This post is 3 years old. The data and my views may have since evolved.February numbers are in, and though sales were nothing to write home about, the market nevertheless tightened up substantially due to...