Jump to content

      












Photo

Victoria's housing market, home prices and values


  • Please log in to reply
3347 replies to this topic

#3341 Victoria Watcher

Victoria Watcher
  • Member
  • 18,873 posts

Posted 18 December 2020 - 07:09 AM

yes there seems to be no advice.

 

and lots of "this may not be sustainable".  the percentage increases?  or the current high prices?



#3342 DavidL

DavidL
  • Member
  • 190 posts

Posted 18 December 2020 - 08:55 AM

I’d like to see what effect even a single one of these quarterly reports has actually had on the market in 20 years, other than giving newspapers quick story content.

So we’re moderately vulnerable, they say, whether we’re overheating or not overheating. As a purchaser, what does that even mean? Do I not buy a house today, and wait six months? Argue over the asking price and risk losing it to someone else? Buy less house? More house? Decide to rent for another year? Put down a larger down payment? A smaller down payment? Ask the Citified guy for advice?

 

 

It's a pick your narrative adventure.  8 months ago housing was going to drop 18% by the end of the year, according to CMHC, so anyone heeding that "advice" waiting to buy has earned the opportunity to spend significantly more in most markets for most products, albeit at a lower interest rate.  The people who write reports exist to write reports, on a quarterly basis, using a limited lexicon so as to provide continuity over products over time.  Accuracy over time matters not, forecasts matter not, only that the quarterly report is issued quarterly.  Same reason why we're told what the price of oil is 12 times a day.  I wouldn't ask that citified guy though.....


Edited by DavidL, 18 December 2020 - 08:55 AM.

  • Mike K. and Nparker like this

#3343 Citified.ca

Citified.ca
  • Administrator
  • 1,826 posts
  • LocationVictoria, BC

Posted 02 January 2021 - 09:55 AM

Sooke, West Shore lead rise in 2021 real-estate value assessments as Victoria's core yields tempered uplift

https://victoria.cit...empered-uplift/


Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.

#3344 Citified.ca

Citified.ca
  • Administrator
  • 1,826 posts
  • LocationVictoria, BC

Posted 05 January 2021 - 11:53 AM

$6.53 billion in transactions propelled Victoria’s real-estate market to record highs in 2020

https://victoria.cit...-highs-in-2020/


  • Nparker likes this
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.

#3345 Matt R.

Matt R.
  • Member
  • 3,228 posts

Posted 11 January 2021 - 08:48 PM

Nice looking reno on this one, but 1.5m for a house in Vic west?

https://www.realtor....9H-4Fx0lz_0jWzg

Matt.

#3346 Mike K.

Mike K.
  • Administrator
  • 60,729 posts

Posted 12 January 2021 - 02:36 AM

Or $11M for penthouse condo. Take your pick!

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#3347 sebberry

sebberry

    Resident Housekeeper

  • Moderator
  • 19,202 posts
  • LocationVictoria

Posted 12 January 2021 - 08:43 AM

Nice looking reno on this one, but 1.5m for a house in Vic west?

https://www.realtor....9H-4Fx0lz_0jWzg

Matt.

 

What, no garage? :D


  • Matt R. likes this

Victoria current weather by neighbourhood: Victoria school-based weather station network

Victoria webcams: Big Wave Dave Webcams

 


#3348 LJ

LJ
  • Member
  • 10,150 posts

Posted 12 January 2021 - 09:00 PM

Never a good idea to be the most expensive house in the neighbourhood.


Life's a journey......so roll down the window and enjoy the breeze.

 



3 user(s) are reading this topic

0 members, 3 guests, 0 anonymous users