Your REALTOR®:
David Hale
February 2020
Real
Reputation For Results


The One Change You Should Make to Your Home in 2020
Splash a new color up on the walls. Redo your floors. Buy a new couch. They might be on the long list of things you’d like to do to your house in 2020. But you know what should be at the top of that list? Buying new plants. 
      So key are plants to the overall look and feel of the home that they made Elle Decor’s list of 2020 design trends. But we’re not talking about those faux, plasticky plants. It’s time for the real stuff.
      “Going green with nice, real indoor plants helps give personality and another layer to a space,” Linda Hayslett of L.H. Designs, told them. “For a while, it seemed like everyone was going faux. But
Mortgage Rates
Canada averages as of February 2020:



1 yr. closed: 3.14%
3 yr. closed: 2.54%
5 yr. closed: 2.54%
10 yr. closed: 3.09%


Source: www.ratehub.ca






But these days, it’s all real, all the time. “I can always spot a faux plant in a design. It may be great initially, but the character of a plant comes from how it organically grows. And
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3 Renovations That Will Help Get Your Home Sold
     When it’s time to sell your house, you want to do it as quickly as possible and for the most money, right? Of course you do. Nobody wants their house to sit on the market and they certainly don’t want to leave money on the table.
      You might not want to think about making renovations to your house because you’re spending money on a place you’re no longer going to live, which means you won’t even be able to enjoy the renovations! But here’s why you should re-think that: Smart renovations can actually help get your home sold quickly and for a higher sales price. Here are three to concentrate on.
      Quartz countertops  Quartz became the preferred choice in countertops several years ago and Elle



An Effective Home Listing Can Get Your Place Sold
     Where are you going to move to next? Will you find another house you love? Will the moving process go smoothly? They’re just a few of the dozens of questions you probably have if you’re getting ready to sell your home and look for another. But first things first: You have to find that buyer! The right real estate listing could make the difference between your home selling quickly, or not at all. 
      You may not have thought much about your real estate listing, but it’s a critical piece of the home-selling pie. Getting it wrong may not necessarily cost you a sale if your home is well-priced, located in a hot area, and you have great listing photos. But it could help you attract the right buyers if done well.
      If you’re working with a good, experienced real estate agent, they are probably already following these tips (and, if not, it might be time for another agent!). Which brings us to our first

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A lukewarm spring comes to an end for the Victoria Real Estate market

 A total of 740 properties sold in the Victoria Real Estate Board region this June, 4.5 per cent more than the 708 properties sold in June 2018 but a 12.7 per cent decrease from May 2019. Sales of condominiums were down 6.1 per cent from June 2018 with 216 units sold. Sales of single family homes increased 10.4 per cent from June 2018 with 394 sold.

 "June has trended lower than May for the past few years and tends to signal the end of the active spring market," says Victoria Real Estate Board President Cheryl Woolley. "The summer months of July and August generally see less activity than the spring, as people's attention shifts to vacation and away from real estate. This year, we have seen slightly more sales compared to June of last year. We have also seen one hundred fewer new listings enter the market this year, which continues to make a challenging market for buyers who are hoping for more options."

 There were 3,040 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of June 2019, an increase of less than one per cent compared to the month of May and a 17.1 per cent increase from the 2,595 active listings for sale at the end of June 2018.  

 The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in June 2018 was $898,500. The benchmark value for the same home in June 2019 decreased by 4.3 per cent to $859,600, slightly less than May's value of $860,800. The MLS® HPI benchmark value for a condominium in the Victoria Core area in June 2018 was $509,000, while the benchmark value for the same condominium in June 2019 increased by 2.97 per cent to $524,100, higher than May's value of $519,300.

 "It is possible that some buyers are waiting for the federal government's new first-time home buyer incentive to roll out this September," adds President Woolley. "The program is intended to assist first time buyers with their down payment. It's hard to estimate how many local buyers may take advantage of the incentive, but because of the low threshold for maximum purchase price, the program may only help those in our area who seek to buy condos. This could mean a slight uplift in lower priced properties in the fall, if more buyers are enabled to enter the market. 

  If you are interested in our Shared Home Ownership program, check out the link to our events page.......

sharedhomeownershipvictoria.com/


  Daily News and Advice

Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.
More Articles
January Real Estate Roundup
6 Things That Happen When You Become a Homeowner
New Changes for Mortgages in 2020
Financing Investment Properties
Everything You Need to Know About FHA Loans



David Hale PREC
E-mail: davidraymondhale@gmail.com
Website: DavidHale.com
250-812-7277

Pemberton Holmes Realty
3354 Radiant Way
Victoria BC V9C 0H5


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