Victoria Real Estate is Broken

In this market update for July we look at some contradicting trends in Victoria and also the impacts of the BC Government's new policy changing 2 months notice to 4 months for landlord use of property.

A few corrections to the video:

- We have the most NEW LISTINGS in 10 years and the most ACTIVE Listings since 2016.
- June 2022 had lower sales (620) than June 2024 (661) in the last 10 years

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🏠 Ira Willey | Victoria BC REALTOR® | Coldwell Banker Oceanside

0:00 What's going on?
3:06 Sales & Inventory
3:29 Prices
4:16 Breaking news! BC Tenancy changes

DISCLAIMER: It's important to note that the views expressed in this video are solely my own and do not represent those of Coldwell Banker Oceanside, VREB, BCREA or any other organization with which I may be affiliated with. No agency relationship is created and any conversation resulting from these videos will be first conducted only after a Disclosure of Representation Agreement has been presented. These opinions should not be relied upon as financial advice. Always conduct your own research and consult with appropriate legal, accounting and financial professionals before making any real estate decisions.