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Jeffrey C Bishop

Welcome to My Real Estate Website

 

My number one goal is to provide my clients with the best experience possible when it comes to buying and selling Real Estate on Southern Vancouver Island. Whether you are a first time buyer or a seasoned investor, I am passionate about helping you achieve your goals.  Real Estate to me is more than just a transaction, it is about becoming a trusted partner with you and your family.  I treat my clients the way I would expect to be treated.  I am also fortunate to be part of the DFH Real Estate team who has provided exceptional Real Estate services to Victoria for over 50 years! Search my website for information on Real Estate in Victoria, about myself and how I work and please contact me with any questions. 

All the best...
Jeff


Jeff's Featured Listings:

FOR SALE! STUNNING WEST COAST DESIGN WITH PANORAMIC VIEWS OF DEEP COVE! 
3,619 sqft, 4 Bed/5 Bath Home on Private One Acre Lot
580 Birch Road, 
$2,375,000  
Please click on image for more property details
Click here to access the VIDEO TOUR



FOR SALE!
 ARGUABLYTHE BEST VIEW IN VICTORIA! 
4 Bed/4 Bath, 3,384sqft Custom Home on Triangle Mountain
814 Bexhill Place, $999,900  
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SALE PENDING!
LUXURY 3 BEDROOM TOWNHOUSE AT OCEAN GROVE!
3 Bed/3 Bath, 1,947sqft With Desirable Two Car Garage  
#2-3240 Holgate Lane, $725,000  
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Demand for homes is gradually recovering and expected to pick up this fall, asserts BCREA

Is the B.C. real estate market already showing signs of bouncing back from its government intervention-induced downturn?

That’s the message from the B.C. Real Estate Association, which reported September 13 that MLS home sales across the province totalled 6,743 in August. That’s lower than the 7,055 transactions in July this year, and down 26.4 per cent from August 2017.

Despite the continued slide in home sales totals, the BCREA said that the market is already looking like it is recovering from the recent downturn, which it believes was largely caused by government intervention in the market, especially the federal mortgage stress test introduced in January.

Cameron Muir, BCREA’s chief economist, said in a phone interview that the actual sales totals do not take into account seasonal trends in home buying, and a much more accurate graph looks at the seasonally adjusted sales figure – a common measure of economic trends. According to the association’s calculations, the market has turned from its trough in June, and since then has seen a relative increase in activity of around 3.5 per cent, on a seasonally adjusted basis.

 

Muir said, “The BC housing market is evolving along the same path blazed by Ontario and Alberta, where the initial shock of the mortgage stress-test is already dissipating, leading to increasing home sales.” The Greater Toronto Area has seen a marked increase in home sales and prices over the past three months, following significant sales declines in spring, following the stress test’s launch.

The BCREA’s August figures also show there has been little to no improvement in affordability of B.C.’s home prices. Although price growth has decelerated from the past couple of years, all but one of the province’s 12 real estate boards registered an overall average sale price rise in August, compared with one year previously.

At $669,776, the province’s average August sale price was 1.2 per cent lower than one year previously. However, Muir said that this doesn’t mean that home prices are dropping. “It’s misleading, because it’s dependent on the mix of housing being sold, and the areas. As we’ve seen bigger sales declines in more expensive areas such as Vancouver, and an increase in apartments being sold compared with houses, the average prices get skewed.”

Source: Victoria Times Colonist, 
September 13, 2018
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