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Market Updates for the Victoria BC Real Estate Market

July 31, 2023

First Home Savings Account (FHSA)

the federal government is intorducing a new type of registered savings plan designed to assist Canadians in saving for their first home. A great idea that is long overdue in our opinion.  Works just like an RRSP but with greater flexibility.  

FHSAs - A Brief Overview

The FHSA (First ...

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Oct. 15, 2021

Could housing prices come crashing down?

RBC has given regulators a worst-case scenario of prices plunging 30 per cent. How likely is that?

Royal Bank of Canada’s regulatory filings for the second quarter of 2021 contain most of what you’d expect, including several best-case/worst-case scenarios that help the banking giant illustrate how much risk the ...

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Oct. 17, 2018

Buying Foreclosure Properties in Victoria BC

Bank Foreclosure

 

Buying foreclosure properties is not all that it's cracked up to be.  Buyers are often under the mistaken impression financially distressed Real Estate can be purchased at prices significantly below fair market value. While that may be the case in the US where foreclosure laws are substantially ...

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Dec. 27, 2017

All About Bidding Wars and Competitions


Bidding War

 

Bidding wars for Real Estate have become an almost unavoidable reality in Victoria over the past few years, much to the chagrin of buyers and the delight sellers in what has become known as the strongest Real Estate market in the history of Victoria. 

It all started when ...

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Aug. 16, 2017

What's Happening in Real Estate Victoria

Victoria Real Estate Market

Understanding the Victoria Real Estate Market.       

The key to understanding the current Real Estate market cycle is by a comparison of the dynamics that precipitated the previous one of the 2000 to 2007 period with the present.    

Lending standards, interest rates and mortgage underwriting criteria ...

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