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...
Election: Temper your expectations
We’re one day into the campaign, and just like the provincial election last fall, both parties have immediately forgotten their previous concern about budgets and deficits and switched to handing out goodies to the electorate. ...
Sales waver in the face of strong new listings
Brief update as I’ve been out of town, but I thought it was worth noting that while are still slightly ahead (+5%) of this time last year, activity has been slowly losing steam these last...
Blood from a stone
This post is 2 years old. The data and my views may have since evolved.The BC Budget was released last week, and there was essentially very little new in it, especially on housing. Other than...
February market steady but surge on pause
This post is 2 years old. The data and my views may have since evolved.Well the trade war is on again, but it’s far from clear what it will do to the Victoria market. On...
Recent Comments