We continue to tick along nicely with the number of sales continuing. Prices haven't shifted up much but the confidence in home ownership is definately stronger.
Thinking about buying a home? your first step should be contacting your Mortgage Broker just to find out what your financial situation is prior to looking.....and then "Happy Home"
Have a great Summertime.
The big day is fast approaching! Canada Day celebrations featuring Hayley Wickenheiser, Canadian Gold Medalist in women’s hockey and Royal LePage is a major sponsor.
Hayley is going to be on a ‘street hockey tour’ of the south island’s Country Grocers, starting in Nanaimo and then arriving at our featured Victoria event in Esquimalt at 4pm (runs until 6pm)!
For those of you unfamiliar with Hayley’s accomplishments just run a little Google search of ‘Hayley Wickenheiser’ and you’ll see why she’s considered as important to women’s ice hockey as Wayne Gretzky is to men’s.
There will be some ball hockey, opportunities for photos and autographs with Hayley, music, and a BBQ….. all in a family friendly and casual environment. It’s the perfect opportunity to contact your client base and invite them to bring their family by. We hope all of you come on down and we suggest getting in the mood by donning some Canada Day red of some sort and of course, don’t forget those RLP nametags to help identify you as a member of one of the title sponsors.
We will be on-site with signage and balloons, and we’ll have a Royal LePage tent and table set up. Also joining us will be representatives from our local women’s and children’s Shelters.
A promotional poster is attached - feel free to distribute it as you wish.
Just to give us a rough idea of which RLP Coast Capital REALTORS are coming by, please drop me a quick email to say that you’re planning to come and visit the event!
Sharen & Larry
As you can see, it is so much more than buying and selling!
Greater Victoria's Real Estate Groundhog sees no shadow
Greater Victoria is blessed with a variety of unique characteristics that attract and retain home buyers, not least of which is having mild weather for the majority of the year.
As such, the local real estate market suffers far less of the winter doldrums than centres with harsher climates, where sellers are more likely to delist their properties as they prepare to hunker down for the cold months.
Not unlike elsewhere in North America, the number of residential listings go down over the Christmas season in the Capital Region as sellers shift their focus. Historically, there has been a dividing line when business starts ticking upward again, says Bill Ethier, president of Royal LePage Coast Capital Realty.
“The ‘Groundhog Day’ used to be Jan. 7, when things started up again, the kids are back in school, people are back to work and dusting off after Christmas,” he says.
“That’s when people started calling their Realtors again.”
Some years ago, home sellers here fell into the trend of setting things in motion by spring so their home would sell by summer, when moving would be less affected by weather, Ethier says.
These days, people are more savvy. Plus, real estate agents advise that waiting to sell until a busier time of year – when there’s more competition for buyers – isn’t necessarily a good strategy.
“We always have a Jan. 7 check-in with people who might have taken their homes off the market over the holidays,” Ethier says. “We’re telling people, ‘let’s start now and get it out there while we can.’”
Because of that, the market generally sees a spike in the numbers in January.
Not only does Greater Victoria’s climate lend itself to moves at any time of year, other factors help reduce ups and downs in the real estate market.
People have had a year to get used to federal changes to regulations around mortgage financing and amortization periods. Where the impact of the more limiting lending rules was significant in the days and months after they took effect, Ethier says, buyers can still secure low-interest mortgages.
Looking ahead to the spring, he’s encouraged by recent movements in the local market. “On Feb. 6 for example, we saw 51 new properties come on the market. That’s a solid number for this time of year.”
Helping brighten the picture are the positive local unemployment numbers announced recently, both signs the economy is improving. The real estate market always benefits from the consumer confidence that is a byproduct of economic growth, he says.
While selling prices have remained relatively flat here for the past year or so, property values are expected to increase more than previously forecast, Ethier says.
“A year ago we were predicting 2014 at a two per cent increase in the value of properties. Now it’s looking more like four to six per cent appreciation in value.”
Looking into his crystal ball, Ethier says Fairfield and Oak Bay continue to be strong investments – they’re the first to go up in price and the last to come down – and Langford will remain popular for its variety of housing options at reasonable prices.
He also sees some potential for a rebound in the hard-hit Saanich Peninsula.
“The market that has some comeback in it is the condo market, which has been lagging,” he says.
Regardless of where one looks, there are good buys out there in all areas. The key is to start looking now, Ethier says.
To see the full article:
Making a difference in the community is something real estate agents and staff with Royal LePage Coast Capital Realty take seriously.
That commitment, which amounts to about $40,000 per year, is not lost on Marlene Goley, manager of women’s and family services at The Cridge Centre for the Family in Victoria. The Centre operates the Cridge Transition House for Women, one of four such regional facilities supported by the Royal LePage Shelter Foundation.
"The difference this support makes for the women and children we support goes beyond money," said Goley, whose organization received its annual cheque recently.
"It provides safety, hope, a fresh start and (recognition) that the community cares. For our clients, those contributions are priceless.”
The foundation, operated nationally by Royal LePage, is the only charitable group in Canada administered by a real estate company. Money raised locally stays in the communities.
The Cridge Centre alone has received more than $100,000 over the past decade thanks to the efforts of agents and staff. It goes toward such practical applications as driving clients to appointments or children to school, the changing of locks, plus moving and counselling fees.
The foundation supports three other women's shelters here, including the Victoria Women's Transition House, Margaret Laurence House and the Sooke Transition Society.
Royal LePage agent Sharen Warde remembers when the company first tackled fundraising for shelter services, back in 2000. They set a goal of bringing in $500 per shelter, but raised just $437.50.
By comparison, the company's annual charity golf tournament and silent auction held last fall collected about $25,000. The remainder of the money is donated by realtors.
"I guess it's just pulling together – the community and our realtor association and our company," Warde said, explaining the campaign's ongoing success. "It's been a really good mix and a good fit."
Shannon Whissell, manager of communications and fund development for the Cridge Centre for the Family, said it really helps to have the consistent support of Royal LePage.
"I've attended the golf tournament for the past four years and I'm always amazed at their good will," she said. "They tend to have a lot of people like mortgage brokers and others there supporting the event."
To see the full article, see the link: http://www.bclocalnews.com/business/248118241.html
We are having a most beautiful start to the day. Sun Shining, Joggers and walkers on the street corners, coffee shops busy and no snow (we didn't get any in the City, the outskirts got a little "white" surprise yesterday, but it is all gone). Why do you buy Real Estate in Victoria - where else would you rather be. Have a great "Family" weekend.