Buyer Tips

Is parking worth the price when buying a condo in Victoria? In this video, we break down the real costs of parking spots, including a data-driven look at recent condo sales in Victoria. From average prices to trends in new developments, find out how much you should budget for a parking spot and whether it’s essential for your lifestyle.

Today we saw 50-basis-point interest rate cut, reducing the key policy rate to 3.75%. Buyers waiting for further rate cuts may be entering a hotter housing market. Once rates decrease to a point that the majority of buyers are comfortable with, the housing market will heat up quickly and prices will rise at the same time.

Let's talk about the rescission period, also known as the cooling-off period. I wish we had this in other parts of life, but for the largest transaction of our lives, it's a fantastic benefit for buyers.

Pricing for 1-bedrooms condos in Victoria West neighbourhood. Median sale price in 2024.