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Posts from the ‘News’ Category

82% of Sooke Home Sales Unaffected By Federal Mortgage Insurance Rule Changes

6201 Hensbro Place, East Sooke.

Starting February 15, you’ll need a $37,500 down payment to buy this home, instead of $31,250. http://TimAyres.ca/167

This morning, federal finance minister Bill Morneau announced changes that his Liberal government is making to CMHC-backed mortgages in this country. The changes were hinted at by well known Canadian Mortgage Trends blogger Robert McLister back on December 1st. The actual changes aren’t quite what he had predicted, but are pretty close. Read more

Sooke Real Estate Update – Fall 2015

One of the many properties that sold in Sooke this summer

One of the many properties that sold in Sooke this summer

Sales up, listings down. Prices…?

It has been a busy spring and summer market for real estate in Sooke and all over the greater Victoria region. In the overall Victoria Real Estate Board trading area, sales as of August 31 showed a 21.7% increase in number of sales for August 2015 over August 2014, and the highest number of single family sales in August since 2007. At the end of the month, there were 3688 active listings on the MLS® system, representing nearly 15% fewer than were available in August last year. All of this is pushing the overall market into sellers’ territory fairly strongly. Prices in Victoria overall are on the rise, with the benchmark home up nearly 7% over the same home last year.

So how is Sooke looking this year?

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Sooke Real Estate Statistics – August 2013

Waterfront property with dock

49 Seagirt Sold in August 2013

August was much busier this year than in 2012 – not only in Sooke, but all over the Capital Region. Personally, most of the business I did was carried over from July, and was finished by the first week. From there on it was rest and relaxation the rest of the month, while managing the listings I have. One of the most relaxing Augusts I can remember in recent memory. The Thursday before the Labour Day long weekend, my phone, like clockwork, started ringing for appointments for the first week of September. It is those appointments which kept me from posting August stats until now. Let’s have a look at the numbers: Read more

Sooke Real Estate Statistics – July 2013

A living room of a home in Sooke, BC

2220 French Road sold in July, along with 25 other properties in Sooke

Sales activity in Sooke was nearly the same as it was in 2012, with prices remaining fairly flat overall. It is still my opinion that while prices seem flat, they are actually declining. This is to say that although the average and median prices seem to hover in the high $300,000s and low $400,000s, a buyer in 2013 is probably getting a nicer, larger and/or newer home for the same money as in 2012 or 2011. Sales activity continues to be better than last year in most cases, and it is good to see the number of houses for sale continue to decline.

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Sooke Real Estate Statistics – June 2013

Deck Season. From http://TimAyres.ca/113

Deck Season. From http://TimAyres.ca/113

Here we are, a third of the way through July and I’m just getting around to posting the June stats! I’ve been a bit busy lately, with listings and with buyers. The market seems to be ticking along, though no sales records are likely to be broken. The weather in June was the best in recent memory, despite a rainy period mid-month. How did the real estate market stack up? Read on… Read more

Sooke Real Estate Statistics – May 2013

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In May, the sale of the old golf course building completed.

May 2013 overall was a relatively busy month for real estate in the greater Victoria region. While the number of sales for the whole area was exactly tied with May of 2012, Sooke did better than in 2012. Let’s take a look at the numbers! Read more

Sooke Real Estate Statistics – April 2013

The master bedroom of 2407 Poplar - Click to learn more.

The master bedroom of 2407 Poplar – Click to learn more.

April 2013 was my busiest month in quite some time. There were lots of showings, I had buyers coming in from out of town, and I managed to put deals together on two of my listings. Hopefully this is a sign that our sluggish market is picking up. Overall in the greater Victoria region, sales were up 5% over last year’s April sales – the first year-over-year monthly increase this year and the best April since 2010. Let’s dive into the Sooke numbers, shall we? Read more

Sooke Real Estate Statistics – March 2013

Aylard Farm Beach, East Sooke Park

Aylard Farm Beach, East Sooke Park

Looking back on last month, I’m not sure if March came in like a lion, but it certainly went out like a lamb. What an amazing Easter long weekend we just had. I spent the weekend with family in from out of town, and enjoyed the way warmer-than-usual weather on my patio with a cold beverage and a book. But – how did the real estate market fare? Let’s take a look
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Strong Start to 2013 for Sooke Sales – Sooke Real Estate Statistics – January 2013

Ahh, Winter on the West Coast!

Ahh, Winter on the West Coast!

It’s been a busy first month of the year for local real estate agents – myself included! After a very quiet last quarter of 2012, I’m hoping this means that we can look forward to a year marked by robust sales yet affordable prices here in Sooke. Let’s see how the numbers break down: Read more

Growing Your Business By Community Blogging – I’m Speaking At WordCamp Victoria 2013

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Coming up this Saturday, January 12, 2013 is WordCamp Victoria 2013. If you are curious about blogging or how you can learn new skills and hear about new tools to blog better, WordCamp Victoria is where you want to be this Saturday.

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