2019 – Slow Start to Victoria’s Real Estate Market

January 21, 2019


Welcome to the new year. We hope 2019 is a wonderful year for you and your family.

Not sure what your plans are for the coming months, but chances are, you will need to speak to an expert in a specific field at some point during the year. For example, you might ask a gardening expert some questions later this spring, get some recommendations from a trusted investment advisor, or ask your doctor an important health question.

It makes sense to take advantage of expertise when you need it.

That’s why we’re here. When you need to talk to someone about real estate – someone who is knowledgeable about the local market and considers you a valued client – we will be available.

Consider us your personal Real Estate experts!  We also have a list of other experts to share. Just give us a call and we can steer you in the right direction.


Here’s what happened last year in Real Estate in Victoria….

“The story arc in real estate this year has been the impact of government influence on a market which was showing signs of leveling out through the latter part of 2017,” says outgoing Victoria Real Estate Board President Kyle Kerr. “All levels of government turned their focus to try to make housing more affordable and attainable across the property spectrum. The federal government’s change to mortgage lending qualification rules this year meant many consumers lost 20 per cent of their purchasing power, which contributed to slowing down the pace of the market. On a municipal level, we saw many councils activating how they can influence affordable housing by leveraging current land assets, acquiring new land and creating partnerships to bring new affordable units to market – and that’s a very exciting thing for our market in the long term. The provincial government has also promised huge investments into new affordable developments. These developments are important to the long-term growth of our community, because the only way to make more affordable housing in our area is to build it.”

Follow this link for the full detailed report:    https://www.vreb.org/current-statistics