The Victoria real estate market experienced steady activity, with notable growth in sales compared to the same time last year. Although price trends have been somewhat mixed, the market shows signs of stabilization. 

Total Residential Market

Sales

According to the Victoria Real Estate Board, a total of 571 properties were sold in the Victoria Real Estate Board region in September 2024, marking...

The Bank of Canada’s Business Outlook Survey for the third quarter of 2024 indicates continued weak demand and slowing inflationary pressures for Canadian businesses. The survey, conducted between August 8 and 30, 2024, shows that firms are still grappling with soft sales, high interest rates, and economic uncertainty, despite recent cuts to interest rates. Business leaders remain cautious in their...

Landlords frequently get bad press, often unwarranted, but fostering positive landlord-tenant relationships can help prevent these misunderstandings. Building long-term tenant relationships is a key factor in maintaining low turnover and high tenant satisfaction. Small, thoughtful gestures can go a long way toward making tenants feel valued, which in turn encourages them to stay longer and take better...