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Blog by Brenda Russell

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Oak Bay Real Estate Update

January 15th, 2013

Oak Bay Real Estate Update - January 2013

Victoria Parliament Building at Christmas

You may have seen this already on the Victoria Market Update page but I thought this time it was important to review it here as well. The Victoria Real Estate Board provides a few graphs that are helpful to understand sales vs. listings.

01-2013 Victoria Active Listings and Sales Graph

Graph Showing Oak Bay Home Sales By Price Range

A total of 207 Oak Bay home sales for 2012.  Topping off with one ...

Oak Bay Real Estate Update

November 2nd, 2012

Oak Bay Real Estate Update - November 2012

For the month of October Oak Bay had 17 Single Family Sales, 175 Year To Date. Below is a chart reporting sales by price range from the Victoria Real Estate Board.  If you are interested in reviewing Chief Economist Cameron Muir Outlook that was presented to the Victoria Real Estate Board last month please click on Housing Market Snapshot.

 

11-2012 Victoria Home Sales By Price Range 

Below ...

Victoria BC Real Estate Update

June 21st, 2012

Rules for Government Backed Insured Mortgages
Victoria Parlement Buildings 

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:

  • the maximum amortization period was reduced from 30 years to 25 years;
  • the maximum amount Canadians can withdraw in refinancing their mo ...

Oak Bay Real Estate Update

April 26th, 2012

Oak Bay Real Estate Update - April 2012

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. 

04-11 Oak Bay and Victoria House Sales

Condominium Sales - March 2012 By Price Range

04-11 Condominium Real Estate Stats

I hope this information ...

Oak Bay Real Estate Update

March 11th, 2012

Oak Bay Real Estate Update - March 2012

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 ...

Victoria China USA Real Estate

January 22nd, 2012

Real Estate Report on Victoria China USA and Australia

PacWest International Management Inc Logo

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 ...

Oak Bay Update

December 12th, 2011

Oak Bay Market Update - December 2011

OakBayWelcomeChristmas


Real estate sales activity remained steady throughout Victoria and I am very grateful for new, referring and existing clients that have allowed me to help with their real estate needs and wants this year.  For those of you that know me this won't be a big surprise but for those of you that don't I would like to explain. I take pride in presenting full s ...

Canadians And U.S. Property Tax Rules

September 12th, 2011

U.S. Property Tax Rules Hit Real Estate Hard for Canadians!

PacWest International Management Inc Logo

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 ...

Chinese Immigration to Victoria BC Canada

July 5th, 2011

Media Release from PacWest on Real Estate June 30, 2011

PacWest International Management Inc Logo

James McNaught, President of PacWest International, sent this information to me which I thought was very interesting and wanted to share with you. 


*  British Columbia gets about fifty-five percent of Canada's investor-class immigrants, people who have a minimum net worth of $1.6 million Canadian.  British Columbia drew a total of 3,77 ...

Chinese Buying Overseas Property in 2011

June 22nd, 2011

Where are the Chinese Buying Overseas Property in 2011?

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 ...
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