The Victoria real estate market is showing strong momentum in 2025, making this an ideal time for buyers to make their move. With stable pricing, increasing inventory, and improved affordability, the conditions are more favorable than we've seen in years. If you’ve been on the fence about buying a home, now is the time to take action!
What’s Happening in the Market?
📈 Sales Are Up – February 2025 saw a 12.3% increase in total sales compared to last year, with condos leading the charge at 26.3% growth. More buyers are entering the market, and you don’t want to miss out.
🏡 More Inventory – The number of active listings is up 11.3% year-over-year, meaning more options and less competition for buyers. With a balanced market, you have the power to negotiate the best deal.
💰 Favorable Interest Rates – The Bank of Canada’s rate cuts have made mortgages more affordable, reducing borrowing costs and increasing buying power. This is a rare opportunity to secure lower monthly payments before rates shift again.
Why Buy Now?
✔️ More Home for Your Money – Government incentives like the BC Property Transfer Tax Exemption for new homes up to $1.1M mean you can save thousands when buying.
✔️ Long-Term Appreciation – Victoria’s real estate market has a history of steady growth. Buying now means building equity in a home that will likely increase in value over time.
✔️ Better Negotiation Power – With balanced supply and demand, buyers have more room to negotiate favorable terms and conditions on their purchases.
✔️ The Lifestyle You Deserve – Whether it’s the oceanfront views, vibrant culture, or endless outdoor activities, Victoria offers an unbeatable quality of life.
Let’s Find Your Perfect Home!
If you’re thinking about buying in 2025, don’t wait—opportunity is knocking. I specialize in helping buyers navigate the Victoria market with confidence, strategy, and results. Let’s connect and start your home search today!
📩 DM me for a free home buying consultation!
📞 Call/Text: 778-966-6988
🌎 Visit: www.ChrisAbbott.ca
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