Thank you to Ryan Cook (see website) for helping put together this month's real-estate market update for August.
Marko is entering semi-retirement after a long and highly successful career in real-estate, and with that, Marko's real-estate activities in Victoria will be winding down over the next while.
Ryan Cook, of RE/MAX Camosun, was formerly involved with marketing efforts of high-end and high-profile condominium and new home pre-sales both here on the Island and in Metro Vancouver. Ryan's long history with the real-estate market, and transition to the realtor side of the equation, will help us deliver informative market stats to our readers.
Please join me in welcoming Ryan to the VV and Citified family, and wishing Marko much success in his new venture in Europe and semi-retirement from real-estate here in Victoria.
To get things started, Ryan and I had a chat about August's market activity. It was a stable month, with nothing extraordinary, but we do have an interest rate announcement tomorrow, and there are still some factors in play locally that could be in flux pending tomorrow's rate announcement (i.e. what's happening with studio and one-bedroom condos). And there is a magic number for single-family-home listing prices that has shown to drum up interest, particularly is a listing isn't resulting in as much activity as it should be.
August delivered stable end to summer as Victoria's real-estate market awaits interest rate decision
https://victoria.cit...-rate-decision/