The NPH blog
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Tips for new real estate agents in 2023
The market has changed considerably since the height of the “COVID-19 craze”, during a stretch of time where people were experiencing all sorts of changes to their lifestyles…
Home Buyer Protection Plan: Rescission Period in BC
The BC Home Buyer Rescission Period comes into effect January 3, 2023. This legislation was first discussed during the height of the 2021 market to offer some protection…
November 2022 Market Stats in Victoria, BC (+ Cold Plunge)
November 2022 Market Statistics: Properties Sold: 384 Active Listings: 2,111 Benchmark Condominium: $587,800 Benchmark Single Family Home: $1,307,100 It was a slow month in November. We had 41%…
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…
