More On The Origin of Real Estate

Hello all, I recently had a visitor to my blog comment on a recent Real Estate 101 post. The visitor chatted with me through the Meebo chat widget to your right and mentioned that my definition was a little narrow. For a broader definition and more information on the term, visit http://en.wikipedia.org/wiki/Real_property or http://en.wikipedia.org/wiki/Real_estate ThanksContinue reading “More On The Origin of Real Estate”

Real Estate 101

Hello everyone! This is a new section of the blog I like to call Real Estate 101. In these blog posts, I will answer common questions I get from buyers and sellers, for all to learn from. As your local Sooke and West Shore real estate expert, I am happy to answer any questions youContinue reading “Real Estate 101”

Housing Sales Forecast Skyrockets

Good news home owners! More evidence of Canada’s continuing insulation from the housing troubles in the USA comes in today’s Times Colonist newspaper. Our booming economy, strong dollar, and exploding job market are all combining to propel our housing market to new highs, despite the challenges faced by our cousins to the south. – TimContinue reading “Housing Sales Forecast Skyrockets”

July 2007 Sets Record For BC Home Sales

Vancouver, BC – August 16, 2007. British Columbia Real Estate Association (BCREA) reports that residential sales volume on the Multiple Listing Service® (MLS®) in BC climbed 44 per cent to $4.66 billion in July, compared to the same month last year. Residential unit sales increased 25 per cent to 10,447 units during the same period,Continue reading “July 2007 Sets Record For BC Home Sales”

Buyer Preferences Changing…

For 2015, it’s inside the house that counts Homes to grow in luxury, not size, study predicts BY NANCY TREJOS The Washington Post Tvice-president for research at the builders association. Another generation, those born from 1965 to 1977, are now in their prime home-buying years. And they’re just as demanding, Ahluwalia said. “They also wantContinue reading “Buyer Preferences Changing…”

Interest Rates may decrease; at least hold.

Why might the recent turmoil in the financial markets be good for home owners and buyers? See below:  From http://lfpress.ca/newsstand/Business/2007/08/11/4409763-sun.html TORONTO — The global financial turmoil that has rocked world financial markets may have a bright side for Canadians —    it could end up keeping interest rates lower despite rising inflation, economists say. WithContinue reading “Interest Rates may decrease; at least hold.”

Victoria Real Estate Board Unveils New Web Page

I am pleased to announce the launch of the newly revamped VREB website, http://www.vreb.org. The new site offers easier access to key information and guides on buying, selling, leasing, MLS® statistics, commercial real estate and community involvement. Also: Open house information for all open houses being held on the upcoming weekend. Open house listings includeContinue reading “Victoria Real Estate Board Unveils New Web Page”

July MLS® Statistics – Victoria, BC

Summer Market Sizzles August 1, 2007 Sales of homes and other properties in the Greater Victoria area continued to show exceptional strength last month reaching the highest level for the month of July in over 15 years. There were 922 sales through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®) in July, up overContinue reading “July MLS® Statistics – Victoria, BC”