The NPH blog
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BC Bill 44: Building and Strata Statutes Amendment Act (2022)
On Friday, November 18, David Eby was sworn in as British Columbia’s 37th Premier. He has made it clear that he will be taking measures to tackle the…
October 2022 Market Stats: Another interest rate increase
October 2022 Market Statistics: Properties Sold: 480 Active Listings: 2,192 Benchmark Condominium: $602,700 Benchmark Single Family Home: $1,341,400 This was an interesting month for the Victoria Real Estate…
September 2022 Market Stats: A more balanced market
September 2022 Market Statistics: Properties Sold: 410 Active Listings: 2,300 Benchmark Condominium: $617,400 Benchmark Single Family Home: $1,364,200 We are in a more balanced market. Buyers are now…
What you need to know about buying a strata unit
Common property Buying into a strata is quite different from buying a single family home. Strata developments can vary significantly and it's important to have a clear understanding…
August 2022 Market Stats: Victoria real estate market correction
August 2022 Market Statistics: Properties Sold: 478 Active Listings: 2,137 Benchmark Condominium: $621,900 Benchmark Single Family Home: $1,391,700 The 'sales to active listings' ratio is another metric that…
Buying a Pre-Sale in Victoria, BC: Pros and cons to
South Vancouver Island is growing rapidly—Langford is one of the fastest growing cities in all of BC—and with all this new development comes pre-sale opportunities. After a developer…
June 2022 Market Stats: Will the homebuyer protection period still
June 2022 Market Statistics: Properties Sold: 612 Active Listings: 2,059 Benchmark Condominium: $643,100 Benchmark Single Family Home: $1,464,400 In June we saw another increase in active listings (2,059)…
New home warranty insurance in BC: What’s covered?
In BC, new home warranty insurance is mandatory on most new builds in the province, sometimes referred to as the “2-5-10” warranty. The warranty includes: For example:…
What you need to know about the First Time Home
What is the First Time Home Buyers’ Program? The provincial government created the First Time Home Buyers’ Program to support BC residents home ownership. There are two main…
