A total of 613 properties sold in the Victoria Real Estate Board region this March, 4.3 per cent more than the 588 properties sold in March 2024 and 16.1 per cent more than in February 2025. Sales of condominiums were up 14.1 per cent from March 2024 with 202 units sold. Sales of single family homes increased by 2.1 per cent from March 2024 with 292 sold.

“The economic uncertainty the world faces right now certainly colours our local real estate market,” said 2025 Victoria Real Estate Board Chair Dirk VanderWal. “In spite of this, our market remains as it has in recent months - stable and balanced. Inventory levels this past month held steady at over three thousand listings, which meant that there was a good amount of selection for buyers, while relatively flat pricing meant more predictability for sellers and buyers.”

There were 3,023 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of March 2025, an increase of 14.9 per cent compared to the previous month of February and an 14.2 per cent increase from the 2,647 active listings for sale at the end of March 2024.

“As in past months, the balanced market in March softened the demand-side pressures of markets we’ve seen in recent years. There is more time for decision making, which is a positive aspect for both sellers and buyers,” adds Chair VanderWal. “Thoughtfully priced and presented homes are selling well and we do see instances of multiple offers, which is often a hallmark of the spring market. For the best outcomes in your property search or sale, connect with your favourite local REALTOR® to navigate the current market.”

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in March 2024 was $1,288,400. The benchmark value for the same home in March 2025 increased by 3.6 per cent to $1,335,300, up from February’s value of $1,309,500. The MLS® HPI benchmark value for a condominium in the Victoria Core area in March 2024 was $558,200 while the benchmark value for the same condominium in March 2025 increased by 0.4 per cent to $560,400, up from the February value of $551,900.

Although spring brings longer daylight hours, it also brings unpredictable weather. Rain, mud, and fluctuating temperatures can present challenges for home sellers. Thankfully, by planning and taking proactive steps, your home can remain appealing regardless of the weather. 

Here are some tips to help you navigate common spring weather challenges when selling your home:

1. Keep Curb Appeal Intact Despite Rain

Curb appeal is crucial when selling a home, but spring rain can leave your property looking messy. To keep your home inviting:

• Ensure gutters are clear of debris to prevent overflow and water damage.

• Place a fresh layer of mulch in garden beds to prevent soil from washing away.

• Keep the lawn trimmed and edged, and remove any debris after storms.

• Consider adding potted flowers near the entrance for a welcoming touch.

2. Prevent Mud From Being Tracked Indoors

With frequent spring showers, mud can become a major concern. Protect your home's interior by:

• Placing durable doormats outside and inside all entryways

• Providing potential buyers with disposable shoe covers

• Keeping a mop and cleaning supplies handy for quick touch-ups before showings

3. Maximize Natural Light

Spring weather can be overcast, making interiors appear dim. To brighten your home:

• Open curtains and blinds to let in as much natural light as possible.

• Use warm, bright lighting in darker rooms.

• Clean windows inside and out to remove grime from winter months.

• Add mirrors to reflect light and create an airy feel.

4. Maintain a Comfortable Indoor Temperature

Spring temperatures can fluctuate dramatically. Keep your home comfortable by:

• Adjusting the thermostat to maintain a pleasant indoor temperature

• Using ceiling fans or portable heaters if needed to balance warmth and airflow

• Ensuring your HVAC system is in good working order to avoid unexpected issues

5. Address Moisture and Humidity

Spring humidity can lead to musty odours and condensation. To prevent moisture-related problems:

• Use dehumidifiers in damp areas like basements.

• Run exhaust fans in bathrooms and kitchens to reduce humidity.

• Check for and repair any leaks in the roof or plumbing.

6. Highlight Spring's Best Features

Spring is a season of renewal, making it the perfect time to showcase your home's charm. Enhance your property's appeal by:

• Displaying fresh flowers or greenery inside to create a welcoming atmosphere

• Setting up outdoor spaces like patios or decks with clean furniture and decor

• Staging rooms with light, fresh-coloured accessories to complement the season

Spring weather can be unpredictable, but with the right preparation, you can keep your home looking its best. By maintaining curb appeal, managing mud, maximizing light, and ensuring indoor comfort, you can attract buyers and secure a successful sale. With thoughtful planning, your home will look wonderful — rain or shine!

For many homebuyers, especially first-timers, affordability is a top priority. If you're working within a budget, you may be considering whether a condo or a townhouse is the better financial choice. Both offer advantages, but the right decision depends on several factors.

• Cost Considerations

When it comes to upfront costs, condos are generally more affordable than townhouses. In most markets, condos have a lower purchase price per square foot because they tend to be smaller and lack private yards. However, monthly condo fees can be high, covering expenses such as building maintenance, landscaping, and amenities like a gym or pool.

Townhouses, on the other hand, typically come with a higher purchase price but lower strata fees when compared to condos. This is because townhouse owners are usually responsible for maintaining the exterior and sometimes even the land around their property. If you're on a strict budget, it's crucial to factor in both the mortgage payments and ongoing fees when determining what you can afford.

• Maintenance and Responsibilities

One of the biggest differences between condos and townhouses is the level of maintenance required. Condo owners enjoy a hands-off approach, as the strata council usually takes care of exterior upkeep, roof repairs, and landscaping. This makes condos an attractive option for busy professionals, retirees, or those who travel frequently.

Townhouse owners, by contrast, may have more responsibility for property maintenance. While some communities offer shared services through the strata council, owners may be responsible for repairs to their home's roof, exterior, and yard. This additional responsibility can translate to unexpected costs, so budgeting for maintenance is essential.

• Lifestyle and Privacy

Your lifestyle and need for privacy can also influence whether a condo or townhouse is the better fit. Condos often resemble apartment living, with units stacked on top of or beside one another. Noise from neighbours can be a concern, and outdoor space is typically limited to a balcony or shared courtyard.

Townhouses offer more privacy, as they usually have fewer shared walls and often include a small yard or patio. This can be a significant perk for families, pet owners, or anyone who enjoys outdoor living. Additionally, townhouses provide a greater sense of independence, as owners have more control over their property compared to condo dwellers, who must adhere to stricter strata rules.

• Long-Term Investment

From an investment perspective, both condos and townhouses can appreciate in value, but townhouses may have a slight edge. Because they offer more space and often include land, townhouses tend to appreciate faster than condos. Additionally, condos are more vulnerable to fluctuations in strata fees, special assessments, and market demand.

However, condos can still be a smart investment, especially in high-demand urban areas where single-family homes and townhouses are out of reach for many buyers. If you choose a well-managed building in a desirable location, a condo can be a worthwhile investment with strong rental potential.

Which is the Better Deal?

The answer depends on your financial situation, lifestyle preferences, and long-term goals. A condo may be the best choice if you're looking for a lower upfront cost and minimal maintenance. However, if you prefer more space, privacy, and greater long-term appreciation potential, a townhouse might be worth the extra investment.

Before making a decision, carefully evaluate your budget, consider the costs beyond the purchase price, and consider your lifestyle needs. By doing your research and weighing the pros and cons, you can find the best home that fits your budget and future plans.

A total of 528 properties sold in the Victoria Real Estate Board region this February, 12.3 per cent more than the 470 properties sold in February 2024 and 25.1 per cent more than in January 2025. Sales of condominiums were up 26.3 per cent from February 2024 with 192 units sold. Sales of single family homes increased by 4.5 per cent from February 2024 with 234 sold.

“February was another stable month for local real estate,” said 2025 Victoria Real Estate Board Chair Dirk VanderWal. “The combination of slowly growing inventory and slightly increased sales means that our market remains in balance from the start of the year, which creates comfortable conditions for both buyers and sellers. Nearly two years of steady prices combined with recent favourable interest rates are positive factors for our market. Thus far, 2025 has been a good year to buy and sell.”

There were 2,630 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of February 2025, an increase of 9.8 per cent compared to the previous month of January and an 11.3 per cent increase from the 2,364 active listings for sale at the end of February 2024.

“In these market conditions properties need to be well presented and properly priced to be successful,” adds Chair VanderWal. “We are following our typical early spring market cycle, which generally speaking peaks in late spring. Hopefully in the upcoming weeks we’ll see more inventory enter the market to meet consumer demand. We will also watch what impacts any changes to global economic policies may have on our market if and when they occur. Right now, there are many factors that impact your housing decisions, and your favourite local REALTOR® is ready to help you navigate the current market.”

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in February 2024 was $1,262,200. The benchmark value for the same home in February 2025 increased by 3.7 per cent to $1,309,500, up from January’s value of $1,287,200. The MLS® HPI benchmark value for a condominium in the Victoria Core area in February 2024 was $554,700 while the benchmark value for the same condominium in February 2025 decreased by 0.5 per cent to $551,900, up from the January value of $548,100.

When decorating your home, following the latest design trends is tempting. From bold accent walls to curved furniture, social media, and interior design magazines constantly introduce new styles that make homes feel fresh and exciting. However, trends come and go, sometimes fading within a few years, leaving homeowners with outdated designs and expensive renovations.

Conversely, timeless décor ensures your home looks elegant and stylish without frequent updates. So, how do you strike the perfect balance between trendy and timeless? 

Let's explore the key elements of each and how to incorporate both to keep your home looking beautiful for years to come.

What Defines a Timeless Home?

A timeless design maintains its appeal regardless of changing trends. These styles often focus on simplicity, functionality, and quality craftsmanship. Key characteristics of timeless décor include:

• Neutral Color Palettes: Shades of white, beige, grey, and earth tones create a classic and versatile backdrop that complements any decor.

• High-Quality Materials: Natural materials like hardwood, stone, and linen age beautifully and add a sense of durability.

• Classic Furniture Silhouettes: Traditional styles like Chesterfield sofas, Shaker-style cabinetry, and Windsor chairs have remained popular for decades.

• Functional Layouts: A well-designed space prioritizes comfort and practicality, ensuring the home feels inviting and usable.

Timeless design isn't boring; it's about choosing foundational elements that will remain stylish over time while allowing for flexibility in smaller details.

Trendy Decor: What's Popular Now?

Trendy designs bring a fresh and modern look to a home but often have a short lifespan. Some of the biggest recent trends include:

• Bold Accent Walls: Deep greens, navy blues, and wallpaper murals create dramatic focal points.

• Maximalism: Layered patterns, bold colours, and an eclectic mix of décor create a visually dynamic space.

• Curved Furniture: Sofas and chairs with soft, rounded edges add a contemporary, inviting feel.

• Industrial & Raw Materials: Exposed brick, concrete, and metal details create a modern, edgy look.

While these trends can be exciting, homeowners should be mindful of how quickly they might fade. What's trendy today could look outdated in just a few years.

How to Blend Timeless and Trendy for a Balanced Look

Instead of committing entirely to classic or trendy décor, the best approach is to mix the two to keep your home both modern and enduring. Here's how:

• Use Trendy Colours in Small Doses: Instead of painting an entire room a bold colour, introduce trendy hues through pillows, rugs, or accent pieces.

• Invest in Timeless Foundation Pieces: Choose neutral, high-quality furniture that will last. A well-made sofa or hardwood dining table can last for decades.

• Experiment with Accessories: As styles evolve, swap out trendy items like light fixtures, cabinet hardware, or decorative vases, 

• Keep Permanent Fixtures Classic: Kitchen cabinets, flooring, and built-ins should have a neutral, lasting appeal to prevent costly renovations.

Timeless Styles That Always Work

If you want to ensure your home remains stylish over time, consider these classic interior design styles:

• Mid-Century Modern: Characterized by clean lines, warm wood tones, and functional furniture.

• Traditional & Classic: Elegant detailing, symmetrical layouts, and neutral tones create a sophisticated feel.

• Scandinavian Minimalism: Light woods, simple designs, and a clutter-free aesthetic ensure a calming space.

• Farmhouse Chic: Rustic charm, neutral colours, and cozy textures bring a warm and inviting atmosphere.

Homeowners can create a stylish and enduring space by balancing timeless elements with subtle, trendy accents. The key is to invest in high-quality, neutral foundation pieces while using trends to refresh and personalize your space. This approach allows your home to evolve while maintaining its elegance and functionality for years to come.

February 3, 2025  A total of 422 properties sold in the Victoria Real Estate Board region this January, 23.8 per cent more than the 341 properties sold in January 2024 and 0.2 per cent more than in December 2024. Sales of condominiums were up 30.4 per cent from January 2024 with 146 units sold. Sales of single family homes increased by 19.8 per cent from January 2024 with 194 sold.

"We've seen a strong hand off from the December market to January with a good sense of momentum building," said 2025 Victoria Real Estate Board Chair Dirk VanderWal. "Over the course of the month, we saw an uptick in new listings, and it is the first time in ten years that over one thousand new listings were added to our inventory in a January. This is a positive sign for our market as we head into 2025."

There were 2,395 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of January 2025, an increase of 4.6 per cent compared to the previous month of December and an 11.9 per cent increase from the 2,140 active listings for sale at the end of January 2024.

"The overall housing market in the Greater Victoria Area continues to show signs of balance," adds Chair VanderWal. "There are strong fundamentals underpinning our market. Pricing remains stable, inventory levels are favourable when compared to recent years and interest rates continue to trend in a positive direction for consumers. Of course, there may be uncertainty in the coming months as international trade relationships are tested, so we will track if these deliberations impact the market moving forward. As always, buying or selling your home is one of the largest financial decisions you'll make, and your favourite local REALTOR® is your best resource to help you navigate the process."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in January 2024 was $1,252,200. The benchmark value for the same home in January 2025 increased by 2.8 per cent to $1,287,200, down from December's value of $1,306,400. The MLS® HPI benchmark value for a condominium in the Victoria Core area in January 2024 was $551,900 while the benchmark value for the same condominium in January 2025 decreased by 0.7 per cent to $548,100, up from the December value of $547,800.

One of the greatest joys of owning a home is the memories you make inside. A hot chocolate bar is the ultimate way to elevate any winter gathering, offering guests a fun and interactive experience. Whether it's a cozy night with family or a party with friends and neighbours, creating a DIY hot chocolate station will bring warmth and joy to any occasion. 

Here's how to set up the perfect hot chocolate bar everyone will love:

1. Choose the Right Location

Start by selecting an area in your home that can accommodate a small station for the hot chocolate bar. A kitchen counter, dining table, or living room corner can work well. Ideally, you want a place where guests can comfortably gather around and help themselves.

If you're hosting a larger event, consider setting up your hot chocolate station on a buffet table, complete with a decorative tablecloth to set the scene. Ensure the station is easily accessible and has enough space for guests to move around.

2. Pick Your Hot Chocolate Base

A good hot chocolate bar starts with the perfect base. You should offer at least two or three hot chocolate options so guests can choose their preferred flavor.

• Classic Hot Chocolate: A rich, creamy classic hot chocolate is a must-have. Use high-quality cocoa powder or chocolate chips for a decadent flavor. You can prepare the base in a slow cooker or large pot to keep it warm throughout the event.

• White Hot Chocolate: White hot chocolate is a delicious option for those who prefer a lighter version. It's made with white chocolate and milk, providing a sweet, creamy drink that contrasts nicely with the classic version.

• Flavored Hot Chocolates: Unique flavors such as peppermint, salted caramel, or cinnamon can add a twist to your hot chocolate bar. Offering flavored syrups or infusions allows guests to personalize their drink and try something new.

3. Offer a Variety of Toppings

The key to a successful hot chocolate bar lies in the toppings. Make sure you have a diverse selection that allows your guests to customize their drinks to their liking. Here are some fun and festive topping ideas:

• Marshmallows: Offer a variety of marshmallows, such as mini, large, or flavored ones like chocolate-dipped ones.

• Whipped Cream: A must for any hot chocolate lover! You can serve traditional whipped cream or flavored versions like cinnamon or chocolate whipped cream.

• Chocolate Shavings or Chips: To make the drink even more indulgent, add a bit of extra chocolate, such as chocolate shavings, chips, or grated chocolate.

• Caramel Sauce or Syrups: For added flavor, offer various syrups, such as caramel, butterscotch, and chocolate sauce, for guests to drizzle on top.

• Nuts and Spices: For a little extra crunch and flavor, include toppings such as chopped nuts (like almonds or hazelnuts) and spices like cinnamon, nutmeg, or chili powder for a bit of heat.

4. Include Warm Add-Ons

In addition to toppings, you can include a few warm add-ins to make the hot chocolate even more delightful. Consider offering:

• Flavored Liquors: For an adult-only touch, provide options like Baileys Irish Cream, Kahlúa, or amaretto that guests can add to their hot chocolate for a boozy twist.

• Hot Coffee or Espresso: Offer a hot coffee option for those who like combining hot chocolate with a little java. A shot of espresso can add a sophisticated flavor to the mix.

5. Add Some Decorative Elements

A hot chocolate bar isn't just about the drink — it's about creating an inviting and festive atmosphere. Here are some decorative touches to make your hot chocolate station visually appealing:

• Themed Tableware: Use fun mugs, festive cups, or mason jars to serve the hot chocolate. For a special touch, you can even personalize the mugs with guests' names.

• Winter Decorations: Decorate the area with cozy, winter-themed elements like faux snow, twinkling lights, pinecones, and garlands. Try labeling the toppings with wooden crates or a chalkboard sign for a more rustic feel.

• Serving Containers: Use clear jars or bowls to make the toppings easy to see. Label each topping with a small sign or tag so guests know their selection.

6. Organize the Station

Once you have all the elements prepared, arrange them on your table or counter. Here's a suggested layout:

• Hot chocolate base: To stay warm throughout the event, keep your hot chocolate base(s) in large containers, such as slow cookers or thermoses.

• Toppings: Arrange your toppings in small bowls or jars across the table.

• Add-ins and extras: For easy access, place your syrups, marshmallows, whipped cream, and warm add-ins like liquor or coffee at the front.

• Serveware: Place spoons, stirrers, and napkins near the bar so guests can help themselves.

7. Provide Drink Accessories

Make the hot chocolate bar more enjoyable by offering drink accessories like stir sticks, spoons, and festive straws. You can also provide napkins for any spills or drips.

A hot chocolate bar is a delightful and interactive way to add a touch of warmth and whimsy to your winter gatherings. With various drink bases, fun toppings, and seasonal decorations, your guests will enjoy customizing their perfect cup of hot chocolate. Your hot chocolate station will be a hit with all ages, creating lasting memories and plenty of sweet moments.

If you've never sold a house previously, it's normal not to know what to expect. When seeking advice from neighbours, friends, or family, it might seem like everyone thinks they're experts on real estate transactions, but that likely isn't the case. It's common to hear myths and tall tales about the market or the selling process. 

As a first-time seller, don't believe everything you hear. Getting caught up in real estate myths can lead to bad decisions that cost you money in the long run. If you're planning on selling your home soon, be cognizant of these five myths about selling a home:

1. Renovations And Staging Aren't Important

One of the biggest myths we hear in a hot seller's market is that staging and renovations aren't necessary because buyers are so eager to make an offer. This is simply untrue. Even though the market is incredibly competitive, a home in bad shape will still be unattractive to buyers. Making renovations and staging your home is still your best bet for generating the best return. Just because the market isn't hot doesn't mean sellers should skip the important parts of the process.

2. You Can Save Money By Selling Your Home Yourself

While it's possible to sell a home independently, you'll need experience, skills, and a lot of time to pull it off seamlessly. While it may save you from paying an agent commission, there is also a good chance you'll leave money on the table.

Real estate agents perform many tasks that provide tremendous value by helping you achieve a higher sale price. Staging, marketing, and negotiating are all important pieces. You might not get the best return without an expert in your corner.

3. Setting A High Price Leaves Room For Negotiation

Many sellers think setting the bar high will leave more room for negotiation, but the truth is that many buyers won't even consider a home priced well above its value. By setting too high an asking price, you're ultimately putting yourself in a position where you'll likely have to reduce it after a few weeks. This may lead to buyer suspicions about potential problems.

4. Open Houses Don't Sell Homes

Open houses have been a common home-selling tactic for decades and didn't disappear during the pandemic, as many believe. While many assume real estate agents hold open houses to drum up new business, they can be very effective for sales. They are likely to generate quick exposure to the market and attract more interested buyers in a shorter time.

5. The Market Will Continue To Rise

Home values have consistently increased for many years except for two recent economic downturns. However, these recent recessions have proven that real estate is not a risk-free investment. The myth that home values will continue to rise yearly may influence a seller's decision to list their home. However, the truth is that home values can and do fall and will fall again.

Selling a home isn't always easy, so arming yourself with accurate information is the best way to make decisions that will yield a good return. Of course, experienced real estate agents are often the best source of reliable information about the market.

A total of 421 properties sold in the Victoria Real Estate Board region this December, 28 per cent more than the 329 properties sold in December 2023 and a 23.6 per cent decrease from November 2024. Sales of condominiums were up 25 per cent from December 2023 with 135 units sold. Sales of single family homes increased 20.9 per cent from December 2023 with 191 sold. A grand total of 6,893 properties sold over the course of 2024, an 11 per cent increase from the 6,207 sold in 2023.

“2024 was a fairly calm year for local real estate,” said 2024 Victoria Real Estate Board Chair Laurie Lidstone. “And this is what we like to see for consumers! It has been a year of stability and predictability. Prices have been relatively level for the past two years now, which has made it easier for buyers and sellers to navigate transactions with confidence. Even though 2024 had more months with over 3,000 listings than we have had in many years, we do continue to see low inventory levels when compared to long term averages. If inventory remains low and we see an increase in demand, we could very quickly return to a market where there is upward pressure on pricing. This is why the Board will continue to advocate for gentle density development in 2025.”

There were 2,290 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of December 2024, a decrease of 19.3 per cent compared to the previous month of November but a 7.4 per cent increase from the 2,132 active listings for sale at the end of December 2023.

“The future for the market is of course impossible to predict,” added Chair Lidstone. “Recent changes that extend amortization periods for first time buyers, and updates to the property transfer tax thresholds help make homes more attainable, and hopefully help more people to enter the housing market. Consistent interest rates will also increase the ability for folks to make a move. As always, our market is subject to many influences and the purchase and sale process is complex. If you are contemplating buying or selling in 2025, call your favourite local REALTOR® who can create the best strategy for you and for your property.”

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in December 2023 was $1,272,000. The benchmark value for the same home in December 2024 increased by 2.7 per cent to $1,306,400, up 0.3 per cent from November’s value of $1,302,900. The MLS® HPI benchmark value for a condominium in the Victoria Core area in December 2023 was $556,500 while the benchmark value for the same condominium in December 2024 decreased by 1.6 per cent to $547,800, an increase of 0.6 per cent from the November value of $544,400.

Whether you are visiting family for the holidays or planning a relaxing winter getaway, ensuring the safety of your home while you're away is essential. Taking a few proactive steps can reduce the risk of break-ins, water damage, or other unforeseen issues, allowing you to enjoy your vacation worry-free. 

Here's how to protect your home during holiday travel.

1. Secure All Entry Points

Before leaving, double-check that all doors and windows are securely locked. This includes the obvious front and back doors and less commonly used entry points like basement windows, garage doors, and sliding patio doors. If your locks are outdated, consider upgrading to deadbolts or smart locks for added security. And don't forget to secure your garage. If your garage has an automatic door opener, unplug it while you're away to prevent hackers from accessing the system.

2. Install a Security System

A home security system is one of the most effective ways to deter potential burglars. Modern systems include cameras, motion detectors, and door/window sensors that can be monitored remotely through your smartphone. Many systems also allow you to receive real-time alerts about unusual activity. If you already have a security system, ensure it's in working order before leaving. Visible security cameras and signs indicating a monitored system can be strong deterrents.

3. Use Smart Home Technology

Smart home devices can make your house appear occupied even when you're not there. Smart lights can be programmed to turn on and off at random intervals, mimicking your usual routine. Smart blinds can also open and close periodically. These small adjustments can make your home less of a target. Some devices allow you to monitor your home remotely. Smart thermostats, for example, let you control the temperature to prevent issues like frozen pipes without wasting energy.

4. Enlist Help from Neighbours

A trusted neighbour can be one of your best resources for protecting your home. Ask them to monitor your property, collect mail, and bring in packages or newspapers to avoid signaling an empty home. Leave them a key and contact information in emergencies. Depending on the season, you might also consider arranging for someone to shovel snow or maintain the yard to keep up appearances.

5. Don't Advertise Your Absence

While sharing holiday plans on social media is tempting, avoid posting details until after you return. Announcing your travel plans publicly can inadvertently alert potential burglars. Instead, keep your plans limited to trusted friends and family.

6. Prepare for Emergencies 

Unforeseen events like water leaks, electrical issues, or power outages can cause significant damage if left unattended. Before leaving, turn off the main water supply to prevent leaks or install a water leak detector with automatic shut-off capabilities. Unplug non-essential electronics to avoid the risk of electrical fires or power surges. Additionally, ensure your smoke alarms and carbon monoxide detectors are working properly. If possible, install devices that send alerts to your phone in an emergency.

7. Create the Illusion of Occupancy 

Leaving a car in the driveway or having a neighbour park there occasionally can create the impression that someone is home. Similarly, timed outdoor lights can add to this illusion.

Taking these steps can significantly enhance the safety of your home during your holiday travel. By combining modern technology, good neighbourly relationships, and a bit of strategic planning, you can enjoy your trip with peace of mind, knowing your home is well-protected.

Selling a home is a significant undertaking that requires abundant planning. However, with a well-structured timeline to help you stay on track, you can remain organized as you navigate the complexities of the selling process. 

Here's a step-by-step guide to help you create an effective home sale timeline:

1. Evaluate Your Readiness to Sell

The first thing you need to do about six to 12 months from when you would want to close is thoroughly evaluate your readiness to sell. Consider a few factors when determining your readiness, such as your financial situation, market conditions, and lifestyle needs. You will have the best luck selling for a good price in a market where buyers have less inventory. You also want to ensure that it's the right time to move to a different property and that you will have the finances to do so. When planning financially for your move, you will want to calculate your home equity and evaluate how that aligns with your plans for purchasing your next property.

2. Hire a Real Estate Agent

You must work with a local real estate agent with experience and a proven track record of successful home sales to attract the most buyers and get the most competitive price. You will want to hire an agent about 3-6 months before listing your property to have time to prepare adequately. Start by checking out some reviews of agents in your area online and interview a few until you find the right match. 

3. Clean and Make Repairs

A couple of the most important steps, which you should take about 3-4 months before listing your property, are cleaning up and making necessary repairs or upgrades. Cleaning the house should always begin with decluttering and organizing the space by removing unnecessary items you're not planning to bring to your next home. A pre-listing inspection can help you identify what in the home may need to be fixed or replaced, as can your agent.

4. Discuss the Selling Strategy

A good sales strategy begins with setting a competitive price. Your real estate agent can help you determine a fair price for your home in the current market by providing you with a Comparative Market Analysis (CMA) report. Aside from pricing, you will want to discuss digital marketing assets like property photos and videos with your agent and plans for home tours and open houses a few months before listing. 

5. Launch and Monitor Listing Progress

Once your agent completes all the necessary procedures and has prepared the proper marketing, they will launch your listing on the MLS (Multiple Listing Service). Once your listing is active, they should update you frequently on buyer engagement and interest. You will want to keep it tidy inside and out while your home is on the market to accommodate frequent showings or drive-bys. 

6. Evaluate Offers and Negotiate

Once you get an offer or even multiple, you will want to evaluate the price along with the terms and conditions of the sale, such as a timeline for closing and any contingencies. Depending on the quality of the offers, you may want to negotiate for the best price possible. You will want to ask your agent for negotiation advice as they likely have more experience.

7. Prepare for Closing

Finally, to prepare for closing, you must coordinate with lawyers, inspectors, and lenders to ensure you complete all necessary paperwork and have all the documents needed to close the transaction. Once you accept an offer, you can expect the transaction to close in about 1-2 months. 

By carefully planning your home sale timeline, you can make informed decisions, reduce stress, and achieve your goals. Whether you are moving across town or the country, this process sets the foundation for a successful transition.

A total of 551 properties sold in the Victoria Real Estate Board region this November, 39.8 per cent more than the 394 properties sold in November 2023 and a 15.7 per cent decrease from October 2024. Sales of condominiums were up 55 per cent from November 2023 with 186 units sold. Sales of single family homes increased by 36.3 per cent from November 2023 with 263 sold.

“I’ve found that buyers and sellers are feeling optimistic right now,” said 2024 Victoria Real Estate Board Chair Laurie Lidstone. “With the steady decrease we’ve seen in interest rates and the continued balance in the market, consumers are feeling more comfortable and empowered to make the big decisions around home ownership knowing that they have a fairly stable real estate environment to navigate.”

There were 2,836 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of November 2024, a decrease of 10.3 per cent compared to the previous month of October and a 7.3 per cent increase from the 2,644 active listings for sale at the end of November 2023. “Though we did see inventory tick below three thousand listings, we are still in much better shape than in recent years in terms of availability of supply,” adds Chair Lidstone.

“Seasonality comes into play this time of year, and the closer we get to the new year, the more folks temporarily move their focus from house shopping to the holidays. That said, it’s likely the momentum we saw building in November will carry on in December to some extent. If you’re considering a new home for the holidays, connect with your favourite local REALTOR® to create your plan.”

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in November 2023 was $1,290,100. The benchmark value for the same home in November 2024 increased by 1 per cent to $1,302,900, up from October’s value of $1,300,200. The MLS® HPI benchmark value for a condominium in the Victoria Core area in November 2023 was $571,300 while the benchmark value for the same condominium in November 2024 decreased by 4.7 per cent to $544,400, down from the October value of $547,800.