Topic: News

Victoria Real Estate Market Remains Hot Into the Summer Months

The activity level in the Victoria real estate market continues to be brisk, though we always expect a slowdown in the summer months,” says 2017 Victoria Real Estate Board President Ara Balabanian. “This July, we saw a strong focus on the lower priced end of the market, with condos and townhomes and single family homes listed for under $700,000 in high demand.

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Congratulations Ole and Christina!

Congratulations Ole and Christina for earning MLS® Gold Awards for 2016! The Victoria Real Estate Board awards Gold, Silver and Bronze Awards to the top 30% of its members at the end of each calendar year. All awards are based on total real estate sales volumes. By earning Gold Awards, Ole and Christina have shown they are

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Taxes, utilities to push Victoria rents to 3.7% higher in 2017

British Columbia’s maximum residential rental rate increase will jump to 3.7% next year, a 28% surge over 2016’s 2.9% limit. The rate is set each fall by the province and is tied to the Consumer Price Index plus a 2% base allotment. Between 2014 and 2016 increases were capped below 3% while 2004, 2006, 2007 and 2012 saw rates at or above 4%.

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