the link below will open a pdf with the latest CMHC Victoria Housing Starts, and construction information.
This is very interesting information to predict and anticipate where the market supply and absorption is and is likely to go in the foreseeable future.
We welcome and encourage your feedback.
Here is the link :
CMHC HOUSING STATS Victoria October 2007
Wednesday, October 31, 2007
Strong Real Estate Market
Continues in September
The strong real estate market throughout Greater Victoria showed no signs of slowing
down last month with continuing strong sales and robust prices. There were 632
sales through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®) in
September, up seven per cent from the 593 sales in the same month a year ago.
There were 846 sales in August of this year.
The average price of single family homes sold in September reached a new record
high of $584,193 although the median price was considerably lower at $520,000.
Victoria Real Estate Board President, Bev McIvor, noted that a number of highpriced
sales affected the overall average price, “There were 17 single family home
sales of over $1 million and this had a significant impact on the overall average.
Nearly a quarter of all single family homes sold for less than $425,000.”
The six-month average for single family homes was $572,007. McIvor added that
overall sales so far this year are running 12 per cent ahead of the first nine months
of last year.
The average price for all condominiums sold in September was $341,014; the
average for the last six months was $318,198. The median was again lower at
$288,500. The average price for townhomes last month was $402,313; the average
for the last six months was $402,246. The median was $375,000.
MLS® sales last month included 335 single family homes, 150 condominiums, 77
townhomes and 21 manufactured homes.
There were 3,381 properties listed for sale on the MLS® system at the end of last
month, down slightly from the 3,449 properties in the same month a year ago.
Continues in September
The strong real estate market throughout Greater Victoria showed no signs of slowing
down last month with continuing strong sales and robust prices. There were 632
sales through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®) in
September, up seven per cent from the 593 sales in the same month a year ago.
There were 846 sales in August of this year.
The average price of single family homes sold in September reached a new record
high of $584,193 although the median price was considerably lower at $520,000.
Victoria Real Estate Board President, Bev McIvor, noted that a number of highpriced
sales affected the overall average price, “There were 17 single family home
sales of over $1 million and this had a significant impact on the overall average.
Nearly a quarter of all single family homes sold for less than $425,000.”
The six-month average for single family homes was $572,007. McIvor added that
overall sales so far this year are running 12 per cent ahead of the first nine months
of last year.
The average price for all condominiums sold in September was $341,014; the
average for the last six months was $318,198. The median was again lower at
$288,500. The average price for townhomes last month was $402,313; the average
for the last six months was $402,246. The median was $375,000.
MLS® sales last month included 335 single family homes, 150 condominiums, 77
townhomes and 21 manufactured homes.
There were 3,381 properties listed for sale on the MLS® system at the end of last
month, down slightly from the 3,449 properties in the same month a year ago.
Tuesday, October 30, 2007
Real Estate Tip 1
If Owning a Money Machine, (Real Estate) that others pay for is not enough, here are a few more key reasons.
Value Appreciation
Tax Benefits
Leverage
Easy to Do
Secure Investment
You Control It
Many Options to Add Value
Help Others
Value Appreciation
Tax Benefits
Leverage
Easy to Do
Secure Investment
You Control It
Many Options to Add Value
Help Others
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