Cliff Wettlaufer Victoria Real Estate

10/28/2022

Coming Nov.3rd. 2 BR 2 Bath Rancher on high demand Dunsmuir Rd. Esquimalt. Location location! Close to Saxe Pt. Park, McCauley Pt. Seawall to Dtn. grocery, retail, transit. RS6 zoning for garden suite. $889K

07/27/2022

I'm so happy for my buyers, one of the nicest families I have met. This Grand Dame home for them and generations to come.

04/27/2022

Coming Thur. Apr. 28 Tucked away private oasis in James Bay. 4 BR + 1BR casita. Short walk to ocean, Fisherman’s Wharf. Rear half duplex, hard to see from road. Must get inside to appreciate. $1,381M

01/11/2022

New listings! Now under construction, Nest by Chard is the latest offering from one of Victoria's most well-respected Developers. Tucked into Fernwood's S.W. corner, steel & concrete, 1 and 2 bedroom homes scheduled for completion spring 2024. Comfortable year-round thanks to in suite air conditioning and a continuous Fresh Air Supply system. Call me for more info!

12/01/2021

We will rebuild! But it may be time to hunker down for a couple months. Victoria BC showing 936 active listings right now compared to 1,836 this month last year. Continued lack of supply for buyers, but if you are quick to act on a new listing and are pre-qualified to buy, it may still turn out well. Mtg. rates still at all time lows...5 yr. variable in the range of 0.95 to 1.6%

As British Columbia works to rebuild and repair supply lines, building material delays are expected to impact residential construction projects across the province.

11/30/2021

Coming Thur. New 1 BR condo in The Wade. High end finishings. Overlooking Harris Park. Walkability! Pet & rent friendly. 2-5-10 yr. Warranty. $398K LR virtually staged.

11/09/2021

Then there is the bottom up effect. One example...For those who want to move up from a condo to SFH, the single family home price increase has outpaced the condo. If the condo seller can't afford the difference, then they stay where they are. When listing and sales activity is stifled at the lower market level, it can reverberate throughout the chain. This article mentions moving sideways in Van is becoming a challenge. Buy Victoria? Victoria prices look quite reasonable in comparison for Van sellers looking to put some money in the bank and still have a great safe city to live. Looking for options? Reach out...I'd love to chat.

A combination of narrowing price gaps and sky-high demand has reduced supply in Vancouver, leaving buyers with fewer purchasing options.

11/01/2021

Victoria Oct. 2021 stats show continued shortage of inventory. Active listings down 49%. New listings and unconditional sales down 25% but prices still edging north after approx. 25% equity gain in last 12 mo. Multiple offers continuing but notably strong in the 1 bedroom condo category.

10/19/2021

As Vancouver goes, Victoria generally follows. Some buyers are opting out, projecting the bubble is about to burst. Who's crystal ball is correct? As long as demand exceeds supply, it's logical that prices will continue to rise. Historically low Mtg. rates also fuel the market. (no indication of any increases until possibly end 2022) If you're considering a purchase or moving up or down, please reach out for Victoria average and median pricing.

The cost of homes in Greater Vancouver are expected to keep rising through the rest of 2021.

10/10/2021

Happy Thanksgiving everyone.

09/16/2021

A heads up for condo investment opportunity. Nest and Haven by now in pre-sales. Plenty of great choices available. Easy walk to downtown core, great location bordering Fernwood & Harris Green. Contact me for more details.