Buyer Tip:

Buy within your budget.

With home prices as high as ever, and interest rates on the rise, it may feel like you’re priced out of the market. We challenge you to reconsider what homeownership looks like to you. Your first home doesn’t have to be your dream home that you live in for the rest of your life. 

Consider buying a more affordable option like a townhouse, condo, or even a fixer-upper as your first home. Use it as an opportunity to build equity, and get a foothold on the property ladder.

If you’ve been thinking about purchasing your first home or upgrading from your current home, give us a call. We’d love to help you get into your new home.

Thank you Corey and Perry for the glowing review! We love to hear feedback from our clients. It was such a pleasure working with both of you to sell your home. 

If you’re a past client of ours, we’d really appreciate your feedback too. Visit our website and click the review button at the bottom of the home page.

Did you know that a lot of strategy goes into finding the correct listing price for a home?

Finding the right price that attracts tons of buyers and generates a lot of interest in the home takes…

- experience

- skill

- knowledge of the market

Which is exactly what your REALTOR® uses to figure out the perfect price to list a property at.

They know how to use strategy to either price the home under market value, over market value or right at market value to attract the most buyers and get multiple offers going.

Pricing a home isn't just about looking at the market value–it depends on so much more! That’s one of the many reasons why you should definitely consult a REALTOR® when you go to sell your home.

Feel free to reach out to us with your real estate questions. We’d love the opportunity to guide you through the home selling process!

Shift in Victoria Real Estate market brings more time for buyers and sellers

August is typically one of the slower months for real estate in the Greater Victoria area and this year was no exception. Sales dipped, and we saw an increased number of listings come to the market, with more of the existing inventory remaining for sale. After two years of market conditions that favoured home sellers, sales have diminished in the past few months and inventory levels have been slowly increasing. This slowdown means a calmer and more friendly environment with time for decision-making, which benefits sellers and buyers and will be a relief to many. 

During a changing market like the one we see now, it is more important than ever to have an expert on your side - whether you are buying or selling it's a great time to give us a call.

Victoria Real Estate Stats for the Month of August:​​​​​​​

• A total of 478 properties sold in the Victoria Real Estate Board region this August, 42.5 per cent fewer than the 831 properties sold in August 2021 and a 6.3 per cent decrease from July 2022.
• Sales of condominiums were down 57.1 per cent from August 2021 with 148 units sold. 
• Sales of single family homes decreased 30.3 per cent from August 2021 with 249 sold.
• There were 2,137 active listings for sale on the Victoria Real Estate Board Multiple Listing Service at the end of August 2022, a decrease of 1.2 per cent compared to the previous month of July but a 90.8 per cent increase from the 1,120 active listings for sale at the end of August 2021.

Where is the market headed?

One of the metrics we watch when we look at the market is the sales to active listings ratio, which helps indicate the balance of supply and demand. A high percentage means more of the available listings have sold, which shows a high buyer demand and that's generally a favourable market for sellers. The lower the percentage, the more properties available. In general, we look at the 15 to 20 per cent range as a balanced market. Right now, the ratio is 28.14 per cent, while at this time in 2021 we were at 94.91 per cent. As conditions change, we continue to trend towards a more balanced market. 

Featured Development

MOSAIC

Choose Mosaic and make the move into a home where you love where you live. Find the perfect balance of adventure and relaxation in Parksville. Starting in the mid-$300’s and with your choice of 1, 2, and 3-bedroom suites, Mosaic is located only 0.5km from the beach. 

• Three buildings, 137 units.
• All buildings are pet friendly.
• Located at 140 Jensen Ave. W., Parksville, BC.
• Current completion date is set for Fall of 2023

Contact us for more information.

You have probably heard that a home is the biggest investment you are going to make. What they do not tell you is how to care for your new investment. If you are a new homeowner, there are a lot of little things that will keep your new home at its best.

1. Check Your HVAC Filters

Your HVAC filters are an important part of helping your heating and cooling systems function at their best by preventing dust and debris from getting in and slowing things down. It is a good idea to change them regularly.

2. Check Your Crawl Space for Moisture.

Moisture in your crawlspace can turn into moisture in other parts of your home. Moisture in your home causes trouble like mold and deterioration. 

3. Touch Up Exterior Paint.

Your exterior paint does not just keep up your home’s curb appeal. It also acts as a moisture barrier. If you notice peeling or chipping in your exterior paint, give it a touch up as soon as possible.

4. Check the Bathroom Caulk.

The caulk in your bathroom helps to create a watertight seal. You should find it around fixtures like the bathtub and toilet. Maintaining it will prevent water damage and costly repairs.

5. Make Sure You Know Where Utility Shut-Offs Are Located.

In the case of an emergency, you may need to know how to turn off the water, gas or electric supply to your house. It is a good idea to know where those shut-offs are located and how they work.

Follow these home maintenance tips to keep your new home running at its best.

4 Signs You've Outgrown Your Home

1. You have a full house.

Either you ahve too many people in the house or too much stuff. Either way, you need more space than what your current home provides.

2. No room to entertain.

Your home just doesn't have enough space to host your friends and family. This can be especially frustrating around the holidays and events such as birthdays or other reason to celebrate. After a while this may really start to get tpo you. 

3. Need more work space.

A lot of people have started to notice over the past few years that they don't have enough space to set up a propper work startion or office space in their home. As more people have transitioned to working from home, this has become a common reason for people looking to upgrade to a home with room for a designated work space. 

4. Trading city life for the Suburbs.

People kove out of the city for many different reasons, but one thing a lot of them have in common is that when they do make the move out of the city, they want a home with more space to grow. For a lot of people this is the move from a condo to home with a yard.

If these sound familiar to you, you’ve probably already been thinking about moving. Here’s a sign that it's time to list your home and find a new one that suits your needs. 

Not only is it a great time to sell, but it's also the perfect time to buy, the ideal market!

Let's get started by marketing your current home while we discuss your needs for a new home.

Meet Agustin Torres!

Born in Argentina, Agustin emigrated to Canada as a teenager in 1993. Since then he has come to call Victoria his home - and he is  happy to work in an industry where he can help other families find the best home for their needs in this beautiful city. 

Before becoming a REALTOR®, he was formally trained in carpentry. With extensive knowledge of renovation and construction, Agustin offers his clients advisory services to all their real estate needs.  With over 10 years of experience at RE/MAX Camosun as a top producing agent, his accomplishments in real estate are only made possible through the continued success of his valued clients.

Agustin is the proud father of two boys. In his (limited) spare time, Agustin enjoys spending quality time with his two sons, hunting and fishing, and paintball.