Bedroom Condo for Sale in Bear Mountain

Check out our latest listing ! A one bedroom, one bathroom condo in the heart of Bear Mountain. Fantastic Value and Price. If you chose to live in houses victoria, this place is a must see. Located in a beautiful neighbourhood, close to the Westin Hotel. Some say this neighbourhood looks like the village in Whistler! A tourist attraction, a golfer and tennis player's paradise. I love the trails and patio restaurants with amazing views that are within walking distance and I love the pet friendly environment and neighbourhood.Own a piece of your own resort in Bear Mountain and check this condo out! Current State of Canadian Housing Market Current State of Housing Markets in Canada Chevron.

 On Monday, the Canadian Real Estate Association (CREA) released its national housing statistics for the month of May—the second full month of the COVID-19 pandemic. While restrictions have begun to lift in many parts of the country, much remains uncertain about the real estate industry. Below, CREA’s Senior Economist Shaun Cathcart provides an update on the current state of housing markets in Canada and explains what the data means for members.May was one of those “on the one hand … on the other hand” kind of months for housing data in Canada.

On the one hand, both sales and new listings were up on a seasonally adjusted basis in May compared to April—57% for sales and 69% for new listings—huge percentage increases, albeit from a very low starting point.On the other hand, sales and new listings are still historically very low at this point.

To give you an idea of where sales are in level terms, if a normal solid year sees about 500,000 homes (homes for sale victoria bc)trade hands via MLS® Systems in Canada, the annualized pace of sales in April was only about 200,000, but May was almost 315,000.So, the big picture for this data release is things are clearly moving in the right direction, probably faster than many of us would have guessed, but normal is still a ways away.

Interestingly, under the surface what those monthly numbers miss is this improving trend has been going on since mid-April and has continued right up through the first week of June. As such, we’re already closer (though not yet back) to normal than these monthly numbers suggest. The June numbers should show that.Regionally, since we all reacted to the COVID-19 lockdowns in much the same way, these trends look similar everywhere. That is, a big drop off in sales and new listings in April and a partial rebound in May.

However, there are some notable regional differences.

Several places which saw smaller rebounds in May, also had much smaller declines in April. So, taken the size of the initial drop together with May’s rebound, a lot of the places with the less exciting looking numbers are a lot closer to being back to normal levels of activity than others. This is the case in Saskatchewan, Manitoba and New Brunswick.Quebec is also doing relatively better, having seen a large decline in activity in April but also the largest rebound in May.

In contrast, British Columbia, Alberta and Ontario are currently the furthest below normal. To blame it all on demand may be putting the cart before the horse in this situation.In some cases (particularly in Ontario), you must consider there may be supply side constraints pacing the sales rebound. Despite buyers being around and wanting to be active in the market, it might be taking a bit longer for those new listings to be made available for sale again. You can’t buy what isn’t available.

On the price side, the MLS® Home Price Index (HPI) was basically unchanged from April to May, with about half the markets covered seeing prices firm up. (condos for sale victoria bc)This is in line with sale-to-list price ratios which have also been rising again over the last month or so in many parts of the country.Looking at prices across the country, since the COVID-19 crisis began small declines in prices have been seen in British Columbia while declining trends already in place in Alberta have accelerated a bit.

Further east across the Prairies, where sales have been doing comparatively much better against history than in much of the country, price trends have been stabilizing.The Greater Golden Horseshoe in Ontario has generally seen its pre-COVID-19 rapidly accelerating prices put into a stall for now, although some of those markets are looking like they’re ready to pick up again.And even further east in Ottawa, Montreal and Moncton, prices appear to have been able to continue climbing, albeit at a slower pace than before.The overall MLS® HPI is still up 5.3% year-over-year.

The national average home price has admittedly taken a bit of a hit in the last two months, but for the most part that’s likely because the higher end of the market is currently less active. As of May 2020, the national share of home sales made up by British Columbia and Ontario (the two most expensive provinces by far) hit its lowest level on record. The national average price should recover as these parts of the sales sample return to more normal levels of activity.To view a more detailed look at May’s national housing statistics, visit creastats.ca.

Buying A Home in Victoria BC

Mortgage

The first question I ask my clients before they start the home buying process is “Have you spoken to a mortgage broker?”. Like the saying goes, “It all comes down to money”. If my client does not have a mortgage broker, I recommend them to three of my top mortgage brokers. These brokers give my clients excellent customer service as well as some of the best mortgage rates on the market. Further, I used to be a mortgage broker so throughout the home buying process I can with my clients’ mortgage broker’s support explain and guide my client through the financing and home buying process.

Requirements

I meet with my client and I ask them several questions. This allows me to do my homework upfront and save my client time. Throughout this process, I narrow down a list of homes for my buyer to visit. After all, finding a home is exactly like matchmaking. It has to be the right fit and chemistry and I have the skill and knowledge of getting this done quickly and precisely.

Opportunities

Don’t miss out on opportunities. Through my home notification App customized to my clients, I get notified as soon as your dream home hits the market. I immediately text or email you the same day for a showing, so you do not miss out. My clients love this service!

Costs

When buying a home there are costs involved such as taxes, inspector cost, legal fees etc. Do not worry! These costs are all relative and I will review them with you. Rest assured when it comes to buying a home you are in good hands.

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Victoria is a huge and developing city. It is home to a considerable lot of the present best pleasantries and, with a populace of more than 80,000 individuals, there is no uncertainty this zone has something to offer everybody. It sits on the southern tip of Vancouver Island. On the off chance that you've set aside the effort to visit this city, you realize it is a fortune both in its advanced conveniences and way of life just as its characteristic magnificence. Yet, purchasing a home in Victoria can appear to be an overwhelming undertaking. Is it beneficial? Is it currently an opportunity to purchase? 

Economic situations in Victoria 

The uplifting news is the entirety of Victoria and the encompassing zone is seeing a great deal of enthusiasm from home purchasers, which is assisting with driving vendors to list their homes. With home estimations on the ascent, yet at the same time at a reasonable level at the present time, it is a smart thought for the present purchaser to set aside the effort to see this market all the more altogether at the present time. This is what you can anticipate: 

• • Home costs stay moderate in numerous zones, however the midtown territory and some well-to-do networks are a lot pricier than the encompassing zone. 

• • You will discover the territory has a strong stock of homes accessible to purchase. This can give you the certainty that the home you need is accessible to you here. 

• • The territory likewise has great land credit rates including simple access to contracts. Consequently, even first time purchasers ought to consider contributing here. 

• • Home costs are on their way up. This may imply that your home will be worth more in a couple of years, giving you value to depend on. 

• • Furthermore, you'll see that it stays a wide open market. This implies you can arrange when making your buy. 

• • It is a smart thought to work with zone realtors to assist you with finding the perfect property for you in Victoria and the encompassing zone.

Contact BC Home Group If you are looking to Buy House Victoria BC. 

Call Now : 1-778-401-9545

Also contact us for :

• • Townhouses for sale Victoria BC

• • Victoria new condos for sale

• Buy home Victoria BC

Victoria is a huge and developing city. It is home to a considerable lot of the present best pleasantries and, with a populace of more than 80,000 individuals, there is no uncertainty this zone has something to offer everybody. It sits on the southern tip of Vancouver Island. On the off chance that you've set aside the effort to visit this city, you realize it is a fortune both in its advanced conveniences and way of life just as its characteristic magnificence. Yet, purchasing a home in Victoria can appear to be an overwhelming undertaking. Is it beneficial? Is it currently an opportunity to purchase? 

Economic situations in Victoria 

The uplifting news is the entirety of Victoria and the encompassing zone is seeing a great deal of enthusiasm from home purchasers, which is assisting with driving vendors to list their homes. With home estimations on the ascent, yet at the same time at a reasonable level at the present time, it is a smart thought for the present purchaser to set aside the effort to see this market all the more altogether at the present time. This is what you can anticipate: 

• Home costs stay moderate in numerous zones, however the midtown territory and some well-to-do networks are a lot pricier than the encompassing zone. 
•  
• You will discover the territory has a strong stock of homes accessible to purchase. This can give you the certainty that the home you need is accessible to you here. 
•  
• The territory likewise has great land credit rates including simple access to contracts. Consequently, even first time purchasers ought to consider contributing here. 
•  
• Home costs are on their way up. This may imply that your home will be worth more in a couple of years, giving you value to depend on. 
•  
• Furthermore, you'll see that it stays a wide open market. This implies you can arrange when making your buy. 
•  
• It is a smart thought to work with zone realtors to assist you with finding the perfect property for you in Victoria and the encompassing zone.

Contact BC Home Group If you are looking to Buy House Victoria BC. 

Call Now : 1-778-401-9545

Also contact us for :

• Townhouses for sale Victoria BC
• Victoria new condos for sale
• Buy home Victoria BC