The City of Victoria, located on the Southern tip of Vancouver Island, is Western Canada's oldest city and the capital of British Columbia. As such, it is home to the provincial legislature.
Victoria has the mildest climate in Canada and with greenery in evidence throughout the year there is little wonder that it's called the City of Gardens! Victoria boasts a spectacular setting of ocean and mountain vistas and offers numerous economic, cultural and recreational opportunities.
Pemberton Holmes has been serving the Vancouver Island area since 1887 and is still family owned and operated 6 generations later. Our real estate agents can offer you sound real estate advice and professional service. We have over 300 REALTORS® specializing in both residential and commercial real estate, with offices from Victoria to the Comox Valley, plus Saltspring Island.
If you are looking to buy or sell real estate anywhere in the Greater Victoria area, our agents can help ease the process.
Current Market Update: April 3, 2018 - from the Victoria Real Estate Board - Outside Influences Impact Spring Real Estate Market in Victoria
"A total of 688 properties sold in the Victoria Real Estate Board region this March, 25.9 per cent fewer than the 929 properties sold in March last year, but a 26.2 per cent increase from the month previous. The sales of condominiums were down 28.2 per cent from last year in March with 211 units sold. Single family homes were 30.8 per cent down from the year previous, with 337 sold this March.
"As we expected, March sales are tracking lower than in 2017," says Victoria Real Estate Board President Kyle Kerr. "This is likely due to a number of factors that have created hesitation in consumers, including recent heavy measures by the provincial government to reduce the value of home prices and the federal government's new mortgage qualification rules. Combine these factors with rising interest rates and you've got a housing market that is in transition due to outside influences. Every time there is intervention into a market, it takes a few months for the market to rebalance. With the continual changes of late from different levels of government, our market is experiencing a new cycle of ongoing uncertainty."
There were a total of 1,766 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of March 2018, an increase of 14.3 per cent compared to the month of February and 13.5 per cent more than the 1,556 active listings for sale at the end of March 2017."
Pemberton Holmes also offers property management services and rental properties. Whether you are looking to buy, sell, or rent property we can help you. To learn more about our services contact a local Pemberton Holmes professional today.
Pemberton Holmes Ltd.
150-805 Cloverdale Avenue
Victoria, British Columbia
Canada V8X 2S9
Phone: (250) 384-8124
Fax: (250) 380-6355