You've been thinking it over carefully for a while. You've looked at your financial situation, considered your options, and have an idea of when you want to move forward. Are you ready to sell your home? Absolutely!
The capital of BC and home of Vancouver Island's largest municipality, the Greater Victoria Area is home to historical properties and a vast array of homes and neighbourhoods ready to charm new residents. With vibrant gardens, detailed history, and rich culture, Victoria is a city worth living in.
Today we'll be taking a look at the various districts, municipalities, and neighbourhoods to be found in Victoria BC, and the different reasons why you might want to call each one home.
In 2016, the Victoria real estate market broke records across the board: over 10,000 transactions took place, the most ever since the Board began tracking the number in 1990. Real estate values for single family homes increased 20% overall, with increases ranging as high as 37% in the Victoria core.
The Canadian Housing Market Association (HMA) has warned of the problems arising from real estate price increases and overbuilding across the country, but predictions are hopeful that the market will slow and stabilize by 2018.
I'll be taking a detailed look at the real estate market forecast for Victoria in 2017, as predicted by a number of leaders in the industry.
Deciding on a new home can be a huge, frustrating project when you're new parents or your family has recently grown. How do you tell when your current home is too small for your kids? What will your kids need in a new home or neighbourhood, and how can you make it fit your budget? How do you tour houses when you have an infant or a toddler and no way to get a babysitter?
Psychologists say that involving kids of any age in the house selection and moving process will help them adjust to their new home better, faster, and happier — but it's not easy. As a real estate agent with children of my own, I've been around the block (literally) on both sides of the issue, and I've learned some tricks over the years that I hope will help other young families searching for a home in Victoria.
With the release of housing market reports from the Canada Mortgage and Housing Corporation (CMHC), VREB, TD Bank, Royal LePage, and other real estate and economic organizations over the past few months, a picture of the Victoria housing market in 2016 is slowly starting to come together. The majority of available reports focus on Vancouver and BC as a whole, but as the Victoria market takes cues from the mainland, our outlook doesn't look to be too different. Here's what we keep seeing.