Victoria housing tilts toward buyers
Filed Under Main Content · Tagged: Business Buyers, Business Victoria, Real Estate Board, Statistics, Victoria House, Victoria Real Estate, Victoria Real Estate Board
For house hunters, Victoria has become more of a buyers’ market, according to statistics released Tuesday by the Victoria Real Estate Board.
Victoria housing tilts toward buyers
Home sales rise for first time since March
Filed Under Main Content · Tagged: Canadian Real Estate, Canadian Real Estate Association, Existing Home Sales, Four Months, Ottawa, Real Estate Association, Statistics, Times Colonist
Times Colonist- Existing home sales climbed in August for the first time in four months, the Canadian Real Estate Association said.
However statistics from the Ottawa-based group, which represents about 100 boards across the country, show prices continue to fall.
The average price of a home sold last month was $324,928, up only slightly from $324,843 a year ago. However, compared with last month, when the average price of a home sold was $330,351, prices are down 1.6%…
Home sales rise for first time since March
Victoria area real estate still strong in April
Filed Under Main Content · Tagged: April, Area Real Estate, Chris Markham, Housing Market, Interest Rates, Mortgages, President Chris, Promises, Real Estate Board, S Market, Statistics, Victoria Area, Victoria Market, Victoria Real Estate, Victoria Real Estate Board
Times Colonist- The approach of tougher qualifying rules for mortgages, coupled with increasing interest rates and promises of more hikes to come, buoyed the Victoria housing market again in April, according to the Victoria Real Estate Board.
Statistics released yesterday by the board showed a strong number of sales in April, with buyers getting into the market and keeping sale prices stable.
"I’d say it’s good, and I think what’s happening now is we’re balancing out. It’s becoming a balanced market — we’re still getting multiples [offers], but not as fast and furious as it was a few months ago," said VREB past-president Chris Markham. "We haven’t switched to a buyer’s market, but it has come off being a seller’s market…"
Victoria area real estate still strong in April
A tricky dance of debt for home buyers
Filed Under Main Content · Tagged: Globe And Mail, Globe Mail, Home Buyers, House Prices, Housing Sales, Interest Rates, Negative Relationship, Statistics
Globe and Mail- Historically, the relationship between interest rates and housing sales and prices has been a complicated one. But generally, when interest rates go up, house prices go down and when interest rates go down, house prices go up. Statistics that compare house prices to interest rates demonstrate this negative relationship in a rudimentary way. More importantly, numbers of housing sales are also affected by interest rates…
