Real Estate Information and Market Trends| Real Estate Victoria BC

Vancouver Island Mid-island Report for July
Number of real estate sales down year over year.
NANAIMO
UNIT SALES:            JULY 2011       JUNE 2011        JULY 2010
              84                    100                    102
AVG SALE PRICE:     $354,077.00     $370,322.00   $382,672.00
Nanaimo homes sales were down 18% from July 2010 to July 2011. The average sale price was down 7%. The median house price was $332,500.00
LADYSMITH/DUNCAN
UNIT [...]

The Properties in Victoria Professional’s would like to announce a price change on our luxury water view home with over 5000 sqft of living space. Priced at $849,000 now on for $799,900

A unique & stunning 6 bed, 4 bath 5000+ sqft home, custom designed & built to the highest standard. Gorgeous panoramic mountain, water, & [...]

Condo in Sidney BC – $20,000 Price Reduction:

We just dropped the price on this luxury 2 bed 3 bath condo with over 1500 sqft of living space with an indoor swimming pool, fitness centre and views of the water. It was listed at $419,000 now it is on for $399,000.

For more information on this property [...]

Toronto Real Estate July Sales and Average Price Up Compared to 2010
Greater Toronto REALTORS® reported 7,922 transactions through the TorontoMLS® system in July 2011, representing a 23 per cent increase over July 2010. Total sales through the first seven months of this year amounted to 55,863 – down by 1.3 per cent compared to the [...]

Weekly Mortgage Rate Update from DLC Prime Mortgage Works Inc and Properties in Victoria Professionalsâ„¢.
Mortgage Rates Effective: August 6, 2011

Term
Our Best Rate
Bank Rates

6 Month Open
5.45%
6.70%

6 Month Closed
4.40%
4.40%

1 Year
2.64%
3.49%

2 Year
2.99%
3.95%

3 Year
3.39%
4.30%

4 Year
3.44%
4.44%

5 Year
3.49%
4.39%

6 Year
4.50%
6.30%

7 Year
4.69%
5.55%

9 Year
4.90%
5.61%

10 Year
4.95%
5.64%

 
 
 

1 Year Variable
P-.40%
Prime

3 Year Variable
P-.90%
Prime

5 Year Variable
P-.90%
Prime

Prime Rate
3.00%
 

*Rates subject to change without notice *
If you are planning to purchase real [...]

Real Estate Sales and Prices Soften in July
 
August 2, 2011
A total of 523 homes and other properties sold in July through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®), down from 618 sales in June but very close to the 527 sales in July of last year. Overall prices, meantime, declined somewhat across all [...]

Weekly Mortgage Rate Update from DLC Prime Mortgage Works Inc and Properties in Victoria Professionals™.
 
Mortgage Rates Effective:  July 29, 2011
 

Term
Our Best Rate
Bank Rates

6 Month Open
5.45%
6.70%

6 Month Closed
4.40%
4.40%

1 Year
2.64%
3.49%

2 Year
2.99%
3.95%

3 Year
3.49%
4.30%

4 Year
3.54%
4.44%

5 Year
3.64%
4.39%

6 Year
            4.50%
6.30%

7 Year
4.69%
5.55%

9 Year
4.90%
5.61%

10 Year
4.99%
5.64%

 
 
 

1 Year Variable
P+.70%
Prime

3 Year Variable
P-.90%
Prime

5 Year Variable
P-.90%
Prime

Prime Rate
3.00%

 
*Rates subject to change without notice *
If you are planning to purchase real estate [...]