09/02/2026
📰🚨2 Things to Know Today: 📰🚨
1. 📊 August 2026 Market Update
Released from the Victoria Real Estate Board:
"A total of 591 properties were sold in the Victoria Real Estate Board region this August, 12.6 per cent more than the 525 properties sold in August 2025 and 12.2 per cent fewer than July 2026. Sales of condominiums increased by 15.1 per cent from August 2025, with 175 units sold. Sales of single family homes increased by 15.3 per cent from August 2025, with 309 sold.
There were 3,662 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of August 2026, a decrease of 4.8 per cent compared to the previous month of July and a 1.7 per cent increase from the 3,600 active listings for sale at the end of August 2025."
2. 🏦 The Bank of Canada holds the key interest rate at 2.25% for the 7th consecutive time.
What does all of this mean? In short, a stable market with steady buyer interest and a great outlook for the fall. For a more detailed discussion, we're always up for a ☕ so send us a message!