91原创

The slowdown in 91原创 Island鈥檚 real estate market has not been isolated to Greater Victoria, as the rest of the Island reported a sharp downturn in sales activity over the course of 2018.

Benchmark price now 2.7 per cent lower than one year ago, as sales in December plummet by almost 50 per cent

Property assessment notices, which will be filling mailboxes around the province starting this week, are a good snapshot of another point in time, but definitely not reflective of Greater Victoria鈥檚 current real estate market, according to experts.

B.C.鈥檚 total real estate value is more than $1.99 trillion, up 7.45% from last year, says B.C. Assessment

The relative strength of Greater Victoria鈥檚 real estate market through the middle of 2018 translated into an increase across the board in assessed residential property values, according to B.C. Assessment.

What do housing pundits predict will happen to the B.C. housing market over the next year?

Go to bcassessment.ca to find out what your property is worth

New mortgage rules and taxes, tougher tests for buyers and higher interest rates hit Greater Victoria鈥檚 real estate market in 2018.

Nearly 60 per cent of notaries say there are fewer first-timers this year, with mortgage stress test seen as the key culprit

Nine-acre gated waterfront estate has 2,400 feet of shoreline, private beaches, deep-water docks and a golf course