Monthly Market Report

July 4th 2011

A total of 618 homes and other properties sold in June through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®), up from 572 sales in May and very close to the 625 sales in June of last year.

Victoria Real Estate Board President, Dennis Fimrite, noted that market activity has returned to comparable levels of a year ago. "Overall sales so far this year are down 21 per cent compared to a year ago. It’s important to note, however, that the first few months of last year were very active compared to this year and we are now seeing a return to similar market conditions of a year ago." Read More

Feature Article

Arranging a Mortgage

Now is a great time to consider buying a home. Interest rates are very attractive and there is a wide choice of homes available to suit various budgets. Still, it’s most likely you will have to deal with financing and this will mean taking on a mortgage.

Sorting through the numerous mortgage options available to today’s homebuyers can be intimidating, but professional help is readily available. Your REALTOR® can offer you invaluable information along with your financial institution’s mortgage specialist and other advisors.

First, it’s necessary to know which kinds of institutions will lend you money. Banks and trust companies lead the pack, but credit unions, mortgage companies and private lenders also offer funds. There is also the option of consulting a mortgage broker.

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