Oak Bay Real Estate Update
January 15th, 2013Oak Bay Real Estate Update - January 2013


Graph Showing Oak Bay Home Sales By Price Range
A total of 207 Oak Bay home sales for 2012. Topping off with one ...


A total of 207 Oak Bay home sales for 2012. Topping off with one ...
The Victoria Real Estate Board has provided this new inforamtion about this mornings announcement from the Minister of Finance announcing changes to the standards governing government-backed insured mortgages:
Oak Bay had a total of 41 home sales year-to-date with 14 of those sales during the month of March. Below is a great graph that I like to view every month from the Victoria Real Estate Board showing the Victoria and Oak Bay area sales by 'price range' for Single Family Dwellings.


I hope this information ...
February turned out to have good activity for Single Family Dwellings. Sixteen homes sold with a total of twenty-three year-to-date. One of the luxury priced listings sold between the $2,500,000. - $2,999,9999. range and on the other side of the scale a sale showed between $550,000. - $599,999. See below for all the Oak Bay home sales by price range ...

UNITED STATES. Phoenix real estate rises with Canadian buyers. Bob Major returned to Phoenix in October in search of more bargains like the four empty houses he purcahsed in 2010. The retired builder from Vancouver instead found real estate about 20 per cent higher and stiff competition. "There's been an extreme turn" Major, 66, said ...


A strong loonie and depressed U.S. real estate prices have led to a buying binge south of the border by Canadians. Canadian's are now the largest non-American buyers of U.S. real estate. Many purchasers, however, have only a vague idea of what they've committed to from a tax and legal standpoint. "There's a presumption among people ...

James McNaught, President of PacWest International, sent this information to me which I thought was very interesting and wanted to share with you.
PacWest China-Beijing
On a sunny Saturday in early June, Larry Zhou strolled the floor of a property exhibition in Hong Kong, wondering whether it was time to buy another home -- not in the city, where residential prices have soared 50 percent in the past two years, but maybe in Thailand or Malaysia. “My wife and I have been thinking ab ...