December 2023 Victoria Market Update

Hello Everyone and welcome to December!

Well, it’s that time of year again. I want to wish you all the very best over the Holiday season and the very best for 2024. And, thank you to my loyal clients for giving me the opportunity to work with you!

This can be a joyous time of year but for many it can be stressful. A time loaded with the expectations and pressures of the season. I don’t have any miracle cures in this regard but try to enjoy the little things and spend time with your friends and loved ones. In an over commercialized environment that’s all that really matters!

Real Estate continues to plug along amidst high interest rates and inflation but there is potentially good news here. The US Fed recently announced there were no plans to raise rates going forward this year and that interest rate cuts were in the cards. Yes, the “pivot” we have been waiting for has happened. It will be interesting to see how this all plays out but with this news consumer confidence should start to trickle back into the market in the coming months.

If you know anyone who’s looking for a gorgeous family home on Ten Mile Point (Saanich) please have a look below on my website. This is a classic mid-century residence that has been well cared for and updated over the years, and it sits on a flat half acre!

Please see the link to this month’s VREB newsletter and full stats package.

As always, please feel free to reach out if you have any questions and please see the latest VREB report along with the full stats package.

All the best and see you in 2024!

Cheers, Bobby

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