Real estate

Low interest rates have acted as a catalyst for the pandemic real estate market. THE CANADIAN PRESS/Graeme Roy

Millennial homebuyers benefiting from pandemic pricing

Mortgage rates at lowest in decades, helping people enter the market

 

(Pixabay)

Kelowna real estate group hacked, confidential information leaked online

RE/MAX Kelowna victim of malware attack, insist no client data leaked

 

In 2020, 8,497 properties were sold in the Victoria Real Estate Board region – a 17.1 per cent jump from 2019. (Unsplash)

Here’s how many months you would have to save up to buy a home in these B.C. cities

Best to start planning early, the National Bank of Canada has found

 

FILE – A real estate sign is pictured in Vancouver, B.C., on June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward

B.C. residential real estate prices have gone up by 16% since last January: report

BCREA said unit sales and dollar sales volume were much higher than January last year

FILE – A real estate sign is pictured in Vancouver, B.C., on June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward
(AP Photo/Elaine Thompson, File)

16% boom predicted for B.C. real estate sales in 2021: experts

Along with sales, the average price of homes is also predicted to rise, by nearly 8 percent

(AP Photo/Elaine Thompson, File)
Located at 9750 West Saanich Rd., this North Saanich mansion is on the market for $10.25 million. (Realtor.ca photo)
Located at 9750 West Saanich Rd., this North Saanich mansion is on the market for $8.65 million. (Realtor.ca photo)

The five most expensive homes for sale in Greater Victoria

A roundup of luxury estates currently on the market

Located at 9750 West Saanich Rd., this North Saanich mansion is on the market for $10.25 million. (Realtor.ca photo)
Located at 9750 West Saanich Rd., this North Saanich mansion is on the market for $8.65 million. (Realtor.ca photo)
A real estate sold sign hangs in front of a Canadian property Friday, Nov. 4, 2016. THE CANADIAN PRESS/Graeme Roy

W-shaped recovery would be ‘very severe’ without government assistance: CMHC

The corporation says the COVID-19 pandemic could trigger nearly 50 per cent drop in housing prices

A real estate sold sign hangs in front of a Canadian property Friday, Nov. 4, 2016. THE CANADIAN PRESS/Graeme Roy
Charles Rochfort, left, and Jonathan Grenier work on a home as Quebec lifts the ban on residential construction due to the COVID-19 pandemic Monday April 20, 2020 in Deux-Montagnes, Que. THE CANADIAN PRESS/Ryan Remiorz

Annual pace of housing starts down in December: Canada Mortgage and Housing Corp

Rural starts were estimated at a seasonally adjusted annual rate of 22,373 units

Charles Rochfort, left, and Jonathan Grenier work on a home as Quebec lifts the ban on residential construction due to the COVID-19 pandemic Monday April 20, 2020 in Deux-Montagnes, Que. THE CANADIAN PRESS/Ryan Remiorz
This couple is happy to have found the perfect home!

Discover the harbourfront home you’ve been waiting for in Downtown Victoria

Construction is underway on The Pearl Residences, celebrating the best of the city

  • Jan 18, 2021
This couple is happy to have found the perfect home!
In 2020, 8,497 properties were sold in the Victoria Real Estate Board region – a 17.1 per cent jump from 2019. (Unsplash)

High demand, low supply drove up Greater Victoria home prices in 2020

8,497 properties sold in the Victoria Real Estate Board region

In 2020, 8,497 properties were sold in the Victoria Real Estate Board region – a 17.1 per cent jump from 2019. (Unsplash)
Typical property assessments across Greater Victoria appreciated in 2020, a trend reflected in municipalities across the province. (Black Press Media File)

Home values surge across Greater Victoria

BC Assessment’s 2021 data reveals appreciating values across the region

Typical property assessments across Greater Victoria appreciated in 2020, a trend reflected in municipalities across the province. (Black Press Media File)
FILE – Construction cranes tower above condos under construction near southeast False Creek in Vancouver on February 9, 2020. THE CANADIAN PRESS/Darryl Dyck

B.C. property values went up 4.2% in 2020 as most homeowners see ‘moderate increases’

Every region in B.C. reported a zero to 10 per cent increase in valuation, although individual cities differ

FILE – Construction cranes tower above condos under construction near southeast False Creek in Vancouver on February 9, 2020. THE CANADIAN PRESS/Darryl Dyck
(The Canadian Press)

1st-time homebuyers see new opportunities, challenges in pandemic economy

Canadians are willing to give a child, family member an average of $60,513 to help them buy a home

(The Canadian Press)
A 12.1 hectare parcel of land (shown in orange) has been purchased for $760,000 by the Capital Regional District as an addition to Mount Work Regional Park. (Map courtesy CRD)

Mount Work Regional Park grows by 12 hectares in Highlands

Capital Regional District purchases land held by family for 61 years

  • Dec 29, 2020
A 12.1 hectare parcel of land (shown in orange) has been purchased for $760,000 by the Capital Regional District as an addition to Mount Work Regional Park. (Map courtesy CRD)
Houses are seen in an aerial view, in Langley, B.C., on Wednesday, May 16, 2018. A company that supports hundreds of credit unions across Canada predicts British Columbia’s housing market will remain healthy through 2021 as the province moves out of its COVID-19 slump. THE CANADIAN PRESS/Darryl Dyck

B.C. housing market to remain vibrant through the new year: report

The report also forecasts a firmer rental market through 2022 as economic conditions normalize

Houses are seen in an aerial view, in Langley, B.C., on Wednesday, May 16, 2018. A company that supports hundreds of credit unions across Canada predicts British Columbia’s housing market will remain healthy through 2021 as the province moves out of its COVID-19 slump. THE CANADIAN PRESS/Darryl Dyck
A real estate sold sign is shown in a Toronto west end neighbourhood May 17, 2020. The Canadian Real Estate Association says home sales rose 32.1 per cent in November compared with the same month last year, matching the record-breaking year-over-year increase seen in October. THE CANADIAN PRESS/Graeme Roy

Home sales shoot up 32.1% year-over-year in November

CREA says the average price is $122,000 lower excluding the Greater Vancouver and Greater Toronto Area

A real estate sold sign is shown in a Toronto west end neighbourhood May 17, 2020. The Canadian Real Estate Association says home sales rose 32.1 per cent in November compared with the same month last year, matching the record-breaking year-over-year increase seen in October. THE CANADIAN PRESS/Graeme Roy
A Victoria real estate agent has been disciplined for professional misconduct. (Black Press Media file photo)
A Victoria real estate agent has been disciplined for professional misconduct. (Black Press Media file photo)
Greater Victoria real estate sales continued on an upward trajectory in November. (Black Press Media file photo)

Greater Victoria home sales surge even as prices soar and volume drops

The average price of a Greater Victoria home in November was $1.1 million

Greater Victoria real estate sales continued on an upward trajectory in November. (Black Press Media file photo)
A real estate sold sign is shown outside a house in Vancouver, Tuesday, Jan. 3, 2017. nbsp;Real estate brokerage Royal LePage says home prices are increasing in Canada’s cottage country, as more buyers look to move there full-time. THE CANADIAN PRESS/Jonathan Hayward

Home prices rise in cottage country amid demand from remote workers, retirees

The data from Royal LePage comes amid an overall uptick in home prices this year,

A real estate sold sign is shown outside a house in Vancouver, Tuesday, Jan. 3, 2017. nbsp;Real estate brokerage Royal LePage says home prices are increasing in Canada’s cottage country, as more buyers look to move there full-time. THE CANADIAN PRESS/Jonathan Hayward
The Hockley Motel in Mono, Ont., is shown in this undated handout photo. An Ontario motel that served as a backdrop for the beloved CBC sitcom “Schitt’s Creek” is up for sale. The Hockley Motel in Mono, about an hour’s drive northwest of Toronto, was listed for $2 million today. THE CANADIAN PRESS/HO - Colliers International

Calling all eccentric millionaires: ‘Schitt’s Creek’ motel up for sale for $2 million

The listing presents the 6.7-acre riverside property as a fixer-upper that would appeal to travellers

The Hockley Motel in Mono, Ont., is shown in this undated handout photo. An Ontario motel that served as a backdrop for the beloved CBC sitcom “Schitt’s Creek” is up for sale. The Hockley Motel in Mono, about an hour’s drive northwest of Toronto, was listed for $2 million today. THE CANADIAN PRESS/HO - Colliers International