Articles by Sean Farrell

Victoria Real Estate Statistics for October 2016

Posted by & filed under Blog Post, Luxury Real Estate in Victoria, Mortgage Trends, Statistics, Victoria Real Estate Info, Victoria Real Estate Trends.

Although we spent the last week of October attending a real estate conference in Scottsdale, AZ, both Leslee and I had enough anecdotal evidence that the real estate market back in Victoria was still a busy place, specifically, our phones kept ringing while we were away.  Now that we are back in the saddle we’re busy […]

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New Tax Reduces Vancouver Foreign Investment By Half

Posted by & filed under B.C. Real Estate, Calgary, Canadian Real Estate, Statistics, U.S. Real Estate Trends, Victoria BC, Victoria Real Estate Trends.

I came across an article in the Vancouver Sun today showing that foreign investment in Real Estate in Vancouver has decreased by half from August 2nd to September 30th of this year, a direct result of the 15% tax levied against foreign buyers earlier this year for purchases in the Greater Vancouver area. The article […]

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Victoria Housing Market Chills Out For Fall

Posted by & filed under Blog Post, Statistics, Update, Victoria BC, Victoria Real Estate Info, Victoria Real Estate Trends.

A total of 781 properties sold in the Victoria Real Estate Board region this September, an increase of 10.9 per cent compared to the 704 properties sold in September last year. Inventory levels remain lower than last year, with 2,061 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the […]

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The All-Black Kitchen Makes A Statement In Luxury Homes

Posted by & filed under Homes - Interiors, Interior Design, Kitchen, Luxury Real Estate, Luxury Real Estate in Victoria, Renovation.

2015 renovation design trends move away from the all-white kitchen In addition to being a hub of family and social life within the home, kitchens are an important way for homeowners to make a statement about their property, identity, and taste. As a result of their place at the heart of a home, kitchens are […]

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Bank Of Canada Interest Rate Decrease

Posted by & filed under B.C. Real Estate, Blog Post, Canadian Real Estate, Economics, In the News, Mortgage Trends, Real Estate Financial Resources, Victoria BC.

The Bank Of Canada lowered the overnight rate by 25 basis points this morning, full details from the British Columbia Real Estate Association (BCREA) are here: BCREA ECONOMICS NOW Bank of Canada Interest Rate Announcement – July 15, 2015 The Bank of Canada announced this morning that it is lowering its target for the overnight […]

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Victoria Home Sales Trend 34% Higher in June

Posted by & filed under B.C. Real Estate, Blog Post, Buying a Home, Luxury Real Estate in Victoria, Selling a Home, Statistics, Victoria BC, Victoria Real Estate Trends.

The Victoria Real Estate Board (VREB) released the June 2015 sales statistics, expect a full update later today and tomorrow in the media (and here), in the near term, sales volumes were up 34% in June versus the same month last year with 910 sales this year compared to 680 sales in June 2014. While […]

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Jubilation & Kites!

Posted by & filed under Charity, In the News, Victoria BC.

This weekend, May 29th – May 31st is a bit special for Victoria BC as we have the 50th Anniversary Jubilation event put on by the VCM at the Alix Goolden Performance Hall, plus the 2nd Annual Victoria Kite Festival at Clover Point in Fairfield. VCM 50th Anniversary Jubilation On Saturday evening, the 30th of […]

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Spring Market Arrives Early – Sales Up Year Over Year

Posted by & filed under B.C. Real Estate, Blog Post, In the News, Statistics, Victoria BC, Victoria Real Estate Info, Victoria Real Estate Trends.

March 2, 2015, Victoria BC – The Victoria Real Estate Board today released its report on real estate activity in the Victoria area for February 2015. 542 properties sold in the Victoria region this February, a 31.6% increase compared to the 412 properties sold in the same month last year and a 54.4% increase compared […]

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Where in the world did Luxury Real Estate buyers come from in 2014?

Posted by & filed under B.C. Real Estate, Blog Post, Canadian Real Estate, Economics, Luxury Real Estate in Victoria, Statistics, Update, Victoria Real Estate Trends.

New years often bring reflection on the past year. Given how important a review of 2014 can be for the luxury housing market in 2015, we are very eager to dive right in and review the year in full. Reflecting on Realty in 2014 2014 was an exciting year for luxury real estate in Victoria […]

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Transition Tax Coming To An End

Posted by & filed under B.C. Real Estate, Buying a Home, Selling a Home, Victoria BC.

Real estate transactions where the property is new or substantially renovated, and where construction was 10% complete or further as of April 1, 2013, are currently subject to the GST and the provincial Transition Tax (TT) in British Columbia. The TT is about to come to an end, so for transactions where ownership (possession) occurs […]

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Luxury Penthouse Sales on the Rise in Greater Victoria

Posted by & filed under B.C. Real Estate, Blog Post, Just Sold, Luxury Real Estate, Luxury Real Estate in Victoria, Ocean Views, Penthouse, The Sovereign, Victoria BC, Victoria Real Estate Info.

In addition to the sale of our Penthouse listing at The Sovereign last Boxing Day, the Penthouse at Bayview (100 Saghalie Rd.) just sold today. That marks two Penthouse sales over $3 Million within a month of each other. The Sovereign Penthouse has a finished size of 3,235 square feet with 3 bedrooms, 4 bathrooms and […]

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