Paul Tedrick Real Estate - Market Update

July 2023 Real Estate Update

Posted on Jul 05, 2023

Good day, and happy summer to you!! June has been a pretty active month for real estate, as it traditionally is. The past two weeks has seen some slowing in the market as the spring real estate cycle has shifted into the slower summer market. With a lot of homes on the market creating more choice for buyers, sharply priced homes are selling.

There...

June 2023 Real Estate Update

Posted on Jun 05, 2023

We are certainly having an active spring market here in Cowichan Valley and Victoria. The market is not as active as the past few years, thou properly priced homes are selling. I’ve been involved in a handful of multiple offers in the past few weeks, and while not the norm, competing bids can occur on desirable homes. Generally, buyers have more ho...

April 2023 Real Estate Update

Posted on Apr 05, 2023

The current spring market is slowly picking up as expected in Cowichan Valley and Victoria. Canada wide, headlines indicate, “Canada’s largest bank is expecting a slow start to the spring housing market as higher interest rates keep many buyers out, despite a drop in prices states Neil McLaughlin, head of personal and commercial banking at Royal Ba...

March 2023 Real Estate Update

Posted on Mar 06, 2023

The current market is slowly picking up as we head towards warmer weather. But one thing is a certainty, when we start seeing daffodils pop up we will start seeing for sale signs popping up too.

I'm happy to discuss our current market with you, please feel free to contact me. Paul

February Sales Stats for Single Family Homes in the Cowichan Valley

Feb...

February 2023 Real Estate Update

Posted on Feb 06, 2023

Winter made itself known again this past week here in the Cowichan Valley. A cold snap led to a bit of the white stuff falling on the last day of January.

Property assessments have been updated for 2023 and they have increased noticeably on Vancouver Island and particularly here in the valley.

January Sales Stats for Single Family Homes in the Cow...

January 2023 Real Estate Update

Posted on Jan 05, 2023

Happy New Year!!!

As with every new year, we have an opportunity for change and there is certainly plenty of change with two new real estate rules in place for 2023.

The federal government’s ban on new foreign ownership of residential property is now law. Also, the new Home Buyers Rescission Period took effect a couple of days ago which largely tar...

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