Data wants to be free
I’ve been collecting data relevant to the Victoria market for over 15 years. Based on that I’ve written around 1000 articles and 20,000 comments (and probably another 20k housing-related comments on other platforms). At this...
May: Sales up a little, market remains balanced
The 758 properties sold in May represented a drop of just under a percent from a year ago, but that slight dip was only because there was one fewer business day this May than last. ...
Contra the herd
Apologies to the investment newsletter of a similar name, but our sluggish market raises the question: Does it make sense to be a contrarian in Victoria’s real estate market? To find out, I looked at...
Should home prices go down?
Four years ago Liberal MLA Adam Vaughan appeared in a TVO interview and was asked what to do about runaway prices that had jumped 25% in a year. Despite the huge jump he said that...
What it’s costing to run a house
Just over a decade ago I wrote this article detailing the costs to run our fairly average house. At the time, the total annual cost for taxes, insurance, and utilities for our 1970s ~2100 sqft...
April: Market roughly stable on cool side of balanced
Despite the timing of Easter this year meaning one less business day this April, sales came in not too much lower than a year ago. At 642 sales, we are down 5% from last April’s...
How to value garden suites
I’ve written about garden suites in the past, noting that though they’ve been legalized on paper in some municipalities for a couple decades, the uptake so far has been slow. However with the province pushing...
Is the luxury market picking up?
As Marko Juras reports, there’s been a series of high end sales in Victoria recently, with 8 sales over $2.5M in April, including one at $6.3M, one at $5M, and one at $4.4M. Two weeks...
Long run update
Uncertainty is roiling the stock market and kicking the crap out of some real estate markets across the country. Interestingly enough, while some markets are suffering from multi-decade lows in sales, Victoria seems to still...
March: Uncertainty continues to drag on market
March numbers are in, and the slow weakening of the market continues. We’ve gone from a 60% increase in year over year sales in October as buyers took advantage of lower rates, to now only...
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