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.

The holiday season is a time of joy, warmth, and creativity. However, it can also result in significant waste and environmental impact. Adopting eco-friendly holiday décor reduces your carbon footprint and encourages sustainable traditions. 

Here are some creative and environmentally conscious ideas for decorating your home this holiday season.

1. Natural Decorations

Nature provides endless inspiration for holiday décor. Pinecones, branches, dried flowers, and evergreen boughs make beautiful, biodegradable decorations. You can create garlands by stringing together cranberries, popcorn, or dried orange slices. These can be composted after the holidays, leaving no waste behind.

Consider using potted plants instead of a cut Christmas tree. A small potted pine, spruce, or fir can be decorated with ornaments and lights and later replanted in your garden or cared for indoors.

2. DIY Ornaments

Homemade ornaments are eco-friendly and add a personal touch to your holiday décor. Craft unique decorations using materials like fabric scraps, paper, or salt dough. For example, cut old greeting cards into festive shapes or create origami ornaments using recycled paper.

Repurposing household items like bottle caps, wine corks, or mason jar lids can also result in stunning ornaments. Involve your family in these projects to make the decorating process a shared experience.

3. Sustainable Wrapping and Display

Swap traditional wrapping paper, which often contains plastic and glitter, for reusable or recyclable alternatives. Use fabric wraps, newspaper, or brown kraft paper decorated with stamps or drawings. Store-bought gift bags can also be reused year after year.

Display wrapped gifts as part of your décor by stacking them under the tree or on shelves. Adding simple ribbons or sprigs of greenery can elevate the presentation while keeping it eco-conscious.

4. Energy Efficient Lighting

Holiday lights are a staple of festive décor, but they can consume much energy. Instead, opt for LED lights, which use significantly less electricity than traditional incandescent bulbs. Solar-powered outdoor lights are another excellent choice.

To reduce energy consumption, set your lights on a timer so they're only on during peak evening hours. This practice saves energy and extends the life of your light strings.

5. Upcycled and Vintage Finds

Thrift stores and vintage shops are treasure troves for unique and sustainable holiday décor. Look for second-hand ornaments, candleholders, and table linens. Upcycling old items into festive decorations can also be a rewarding and eco-friendly hobby. For instance, turn an old sweater into stockings or make a lantern out of a glass jar.

6. Edible Decorations

Incorporating food into your decorations can add charm and reduce waste. Adorn your tree with gingerbread cookies, candy canes, or cinnamon sticks, and then enjoy them later. Create a stunning centerpiece with a fruit bowl or a wreath with dried herbs and spices.

7. Avoid Single-Use Plastic

Whenever possible, avoid decorations made of single-use plastics. Instead, invest in high-quality, durable pieces that you can use year after year. Choose biodegradable materials, like wood or fabric, over plastic.

By embracing these eco-friendly holiday décor ideas, you can celebrate the season while honouring the planet. Sustainable decorating reduces waste and fosters creativity and mindfulness, making the holidays even more meaningful.

Selling your home during winter presents unique challenges, especially regarding curb appeal. Winter's harsh conditions, shorter days, and sometimes drab landscapes can make it difficult for your home to stand out. However, with a little effort and creativity, you can ensure your home is as inviting and appealing as it would be in any other season. 

These are practical tips to enhance your home's curb appeal in winter.

1. Enhance Lighting

Winter days are shorter, meaning prospective buyers may visit your home in low-light conditions. Ensure all exterior lights are functional and consider upgrading to brighter, warm-toned LED bulbs to create a welcoming ambiance. Highlight key features with strategically placed lighting, such as along pathways, around your entryway, or showcasing a well-maintained garden bed.

2. Add Seasonal Décor

Tasteful winter-themed décor can add warmth and charm to your home's exterior. A simple wreath on the door, a pair of planters filled with evergreen boughs, or string lights on trees can create an inviting look. However, avoid overly festive or personal decorations, as they may not appeal to everyone. Stick to neutral, classic designs that enhance your home's aesthetic.

3. Maintain Landscaping

While winter may limit lush greenery, keeping your yard tidy is crucial. Trim bushes, remove dead branches, and rake any remaining leaves. If snow is present, ensure it's evenly shoveled to avoid a messy appearance. Consider planting winter-friendly greenery, such as evergreen shrubs, to add a touch of life to your yard.

4. Refresh Your Exterior

A fresh coat of paint on your front door, shutters, or trim can make a big difference, especially against a snowy backdrop. Clean your windows to let in as much natural light as possible, and ensure your siding and gutters are free from dirt and debris. Cleanliness and small improvements signal pride in ownership.

5. Focus on the Front Door

The front door is a focal point; it can benefit from extra attention in winter. In addition to a fresh coat of paint or a welcoming wreath, ensure your door hardware is polished and in good condition. A clean, attractive doormat can also make a strong statement.

6. Showcase the Warmth From Inside

Winter buyers often want a sense of coziness. Keep your curtains open during showings to let in light and reveal a warm, inviting interior. If you have a fireplace, light it to create an irresistible sense of comfort. This inside-out approach adds to your home's curb appeal from the street.

7. Pay Attention to Details

Small touches, such as well-maintained house numbers, a polished mailbox, or even a clean, freshly painted garage door, can elevate your home's appearance. Attention to detail reassures buyers that the property has been well cared for.

Selling your home in winter may come with extra effort, but maintaining curb appeal can make a significant difference. By keeping your property safe, clean, and inviting and incorporating simple touches of seasonal charm, you can help buyers envision themselves living there — even during the coldest months of the year.

Owning a home comes with many costs that can strain your budget. But homeowners can save money with savvy strategies. 

Here are some top tips to help you enjoy the advantages of homeownership without breaking the bank.

1. Smart Energy Savings

Reducing energy costs is one of the most effective ways to cut home expenses. Start by sealing drafts around windows and doors with weatherstripping or caulk, saving up to 20% on heating and cooling bills. Additionally, consider adding insulation in attics, basements, and other areas where heat might escape. Installing a programmable thermostat can also help by lowering temperatures when you're away or asleep, leading to 10-15% energy savings over time.

Also, consider switching to energy-efficient LED bulbs and appliances, which use significantly less power than traditional options. While they may have a higher upfront cost, the savings over time make them worth the investment.

2. Routine Maintenance and DIY Repairs

Regular maintenance can prevent costly repairs down the road. For example, cleaning your gutters twice yearly keeps them working properly and prevents water damage. Changing HVAC filters every three months keeps your heating and cooling systems efficient, reducing energy costs and prolonging the unit's life.

Learning basic DIY skills can also save money. Tasks like fixing a leaky faucet, unclogging drains, and painting can be done without hiring a professional. YouTube tutorials and home improvement blogs are great resources to help you get started.

3. Mindful Landscaping

Landscaping can enhance your home's curb appeal but doesn't have to be costly. Choose native, drought-resistant plants requiring minimal water and maintenance, reducing water bills and landscaping costs. Mulching around plants can also help retain moisture, keeping them healthier and reducing the need for frequent watering.

If you want to grow vegetables, a small garden can be cost-effective and add fresh produce to your table. Start with easy-to-grow vegetables like tomatoes, lettuce, and herbs, which can yield a rewarding harvest with minimal upkeep.

4. Use Energy-Efficient Appliances and Smart Tech

If you're upgrading appliances, choose energy-efficient models with a high Energy Star rating. Although these appliances might have a higher purchase price, they consume less energy, resulting in lower utility bills. Investing in smart home technology, like a smart thermostat or energy-monitoring plugs, allows you to control usage and identify energy-draining devices.

5. Shop Around for Insurance

Homeowners insurance is essential, but premiums vary widely among providers. Shopping around for coverage and comparing quotes can help you find a plan that suits your needs at the best possible rate. Be sure to ask about discounts, such as bundling your home and auto insurance, which can lower premiums. Also, regularly reviewing your policy ensures you aren't overpaying for coverage you no longer need.

6. Be Strategic About Home Improvements

Some home improvements add value to your home, while others don't. Focus on cost-effective upgrades that enhance your quality of life and resale value. For example, kitchen and bathroom updates, fresh paint, and new flooring yield a good return on investment. Avoid high-cost renovations unless necessary, and consider doing smaller updates yourself if possible.

Homeownership doesn't have to drain your budget. By following these tips, you can enjoy the benefits of owning a home while keeping costs in check.

A total of 654 properties sold in the Victoria Real Estate Board region this October, 60.7 per cent more than the 407 properties sold in October 2023 and a 14.5 per cent increase from September 2024. Sales of condominiums were up 32.6 per cent from October 2023 with 187 units sold. Sales of single family homes increased by 76.2 per cent from October 2023 with 340 sold.

“Sales did increase notably over last year, but it’s important to include some context,” said 2024 Victoria Real Estate Board Chair-Elect Dirk VanderWal. “October 2023 saw the fewest sales in that month since 2008, which distorts a year-over-year comparison; in fact, last month’s sales count was almost exactly on the ten-year average for the month. With that context, although we’ve certainly seen a notable increase in sales month over month, this does signal a return to a more average market for this time of year. The number of homes available on the market has remained relatively consistent, which has also created the benefit of a more balanced market for buyers and sellers, even with the increase in sales numbers.”

There were 3,161 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of October 2024, a decrease of 6 per cent compared to the previous month of September and a 14.7 per cent increase from the 2,756 active listings for sale at the end of October 2023.

“I think it’s safe to say that many consumers have been watching the Bank of Canada rate announcements, and that could be influencing their decision making,” adds Chair-Elect VanderWal. “Recent rate drops likely encouraged a few more buyers and sellers to enter the market, and we may see that trend continue in November, the month which traditionally begins our market’s winter lull. Even though sales were higher last month, we are still experiencing a comfortable environment for buyers and sellers to negotiate. There are fewer multiple offers and more time for the decision-making process. It is hard to predict what the winter market will bring, so it’s a great idea to consult with your favourite local REALTOR® to discuss the current market.”

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in October 2023 was $1,310,100. The benchmark value for the same home in October 2024 decreased by 0.8 per cent to $1,300,200, up from September’s value of $1,279,700. The MLS® HPI benchmark value for a condominium in the Victoria Core area in October 2023 was $578,800 while the benchmark value for the same condominium in October 2024 decreased by 5.4 per cent to $547,800, down from the September value of $553,400.

When selling a home, it can be challenging to remove emotional attachment. Whether it's the house where you and your spouse first lived, where you raised a family, or where you've created lasting memories, selling it can feel like an emotional process. However, too much emotional investment can interfere with making sound, objective decisions. 

Here's how to manage and remove emotional attachment when selling a home:

1. Understand That It's a Financial Transaction

First and foremost, shifting your mindset from thinking of your home as an emotional space to thinking of it as a financial asset is crucial. While your home has been the setting for important life events, it's also an investment, and selling it is a business decision. Focusing on the financial gain, market conditions, and sale price can help you reframe the process.

To do this effectively, research the real estate market, understand current trends, and consider how selling your home will positively impact your finances. Whether it's downsizing, upgrading, or investing the proceeds elsewhere, keeping your eyes on the financial outcome will help detach from the sentimental value.

2. Depersonalize the Space

Depersonalizing your home is a crucial step in emotionally detaching from it. Remove personal items like family photos, children's artwork, and other objects tied to your memories. This will help you see the property as a house, not your home.

From a practical perspective, depersonalizing also allows potential buyers to envision the space as their future home, increasing the likelihood of a sale. When the house is no longer filled with personal items, it will feel less like your space, making it easier to distance yourself emotionally.

3. Focus on the Future

Feeling sad about selling a home with personal memories is natural, but focusing on the future is also essential. Think about what lies ahead instead of dwelling on what you're leaving behind. Whether you're moving into a new home, relocating to a different area, or embarking on a new adventure, focusing on the excitement of what comes next can help shift your perspective.

Consider writing a list of what you look forward to after the sale. This exercise can help you focus on your future rather than clinging to the past.

4. Hire a Real Estate Agent

One way to take the emotional weight off your shoulders is to hire a professional real estate agent. Agents are experts in the home-selling process and can objectively guide you through the transaction. They can help you price your home based on market value rather than any personal attachment you may have.

A real estate agent will also handle the negotiations on your behalf, which can be a relief if you're emotionally tied to the outcome. Their experience and knowledge will provide a buffer between you and the stress of the selling process.

5. Consider the Buyer's Perspective 

Finally, it's essential to remind yourself that, to a buyer, your home is simply a property. They won't see it through the same emotional lens that you do. Instead of thinking about the memories you've created, try to see your home from their perspective.

By shifting your focus to the needs and desires of the buyer, you can start to let go of the emotional ties that make it difficult to sell. After all, the goal is to present the house as a desirable asset that will appeal to others.

Selling a home is often a sentimental experience, but emotional attachment can cloud your judgment and hinder the sale process. Following these tips can reduce emotional attachment and allow you to proceed with the sale confidently and through the appropriate lens.

A total of 571 properties sold in the Victoria Real Estate Board region this September, 15.8 per cent more than the 493 properties sold in September 2023 and a 4.8 per cent increase from August 2024. Sales of condominiums were up 21.9 per cent from September 2023 with 189 units sold. Sales of single family homes increased by 19.3 per cent from September 2023 with 272 sold.

“The real estate market in Victoria right now is much more stable and more predictable than it has been in recent years,” said 2024 Victoria Real Estate Board Chair Laurie Lidstone. “We have seen a few solid months of near-balance in the market, which means it’s neither a seller’s nor a buyer’s market and positives exist for both sides of a transaction. With downward trending interest rates and stable pricing combined with more inventory on the market, our current conditions are the most comfortable for consumers to navigate that I’ve seen in a few years.”

There were 3,361 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of September 2024, an increase of 5.3 per cent compared to the previous month of August and a 24.5 per cent increase from the 2,699 active listings for sale at the end of September 2023.

“In times of more balanced markets,” adds Chair Lidstone. “There is less pressure on pricing and more opportunity to take time to make big decisions on real estate. However, there are still situations where you can encounter competition. When the house, price and location are all highly desirable for buyers, we can see situations where there are competing offers. As always if you are thinking about making a move, connecting with a local REALTOR® to start building your strategy is advisable.”

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in September 2023 was $1,316,100. The benchmark value for the same home in September 2024 decreased by 2.8 per cent to $1,279,700, down from August’s value of $1,287,400. The MLS® HPI benchmark value for a condominium in the Victoria Core area in September 2023 was $583,400 while the benchmark value for the same condominium in September 2024 decreased by 5.1 per cent to $553,400, down from the August value of $559,200.

Your living environment is crucial to your overall well-being, so the right home can significantly enhance your mental health. Choosing a home that promotes mental wellness involves considering factors such as location, design, and the emotional impact of your space. 

Here's how to choose a home that supports your mental health:

1. Prioritize Natural Light

Exposure to natural light is essential for regulating your body's circadian rhythms, directly impacting your mood and sleep. Homes with large windows and ample sunlight can help reduce symptoms of depression, anxiety, and seasonal affective disorder (SAD). When touring potential homes, observe how much natural light the space receives during different times of the day. Rooms facing south or with unobstructed windows typically offer the most sunlight.

2. Choose a Location With Green Spaces

Proximity to nature has proven mental health benefits, including reducing stress and improving cognitive function. A home located near parks, gardens, or natural landscapes provides opportunities for outdoor activities such as walking or simply enjoying a calming view. If possible, prioritize homes with easy access to green spaces, as this can be a valuable tool for stress management and mental rejuvenation.

3. Ensure Peace and Quiet

Noise pollution can increase stress levels, disrupt sleep, and negatively affect your mental health. A home situated in a quiet neighbourhood, away from busy roads or industrial areas, will help create a serene environment. Consider visiting the area at different times of the day to gauge noise levels. Look for soundproof windows or thick walls to minimize disturbances and promote a peaceful living space.

4. Consider Air Quality and Ventilation 

Indoor air quality is often overlooked but critical for physical and mental health. Poor air quality can contribute to feelings of fatigue and anxiety, while good ventilation supports clearer thinking and better mood regulation. When choosing a home, ensure adequate ventilation, including operable windows and well-maintained HVAC systems. Homes away from high-traffic areas will also have fewer pollutants entering the living space.

5. Evaluate Community and Opportunities for Social Connection

Your mental health is closely tied to your social environment. A supportive community can provide a sense of belonging, reduce feelings of isolation, and increase overall life satisfaction. When choosing a home, consider its proximity to family, friends, and community resources such as recreational centres or social clubs. Living in a neighbourhood that fosters connection and community engagement can have a profoundly positive impact on your emotional well-being.

6. Opt for a Minimalistic Design

The design of your home can also influence your mental health. Overly cluttered or chaotic spaces can lead to feelings of anxiety and overwhelm. Look for homes with clean, open layouts that encourage simplicity and minimalism. If you're moving into a home that needs redecorating, aim for neutral colours and functional designs that promote a sense of calm and organization.

Choosing a home that boosts your mental health involves more than just finding a functional living space. It requires thoughtful consideration of the elements contributing to emotional well-being. By prioritizing these factors, you can create an environment that supports your physical and mental health, leading to a happier, more fulfilling life.