March 4, 2010

Wow!  How about those Olympics!  Go Canada Go.  What an exciting time in Vancouver and through all of Canada.  An now on to the Paralympics.  The torch relay has started and the athletes are getting ready.  I didn't make it to Vancouver during the Olympics but hope to get 'across the pond' for the Paralympics.

Spring continues in full bloom in Victoria.  Today is the last day of The Victoria Flower Count.  Results shuld be out soon.  To register your count, if you haven't already done so, or to find out more about flowers and gardens in Victoria check out www.flowercount.com.  

The real estate market in Victoria is blooming too.  The number of listings is just starting to creep up with 3,233 active listings on the Victoria Board as of today.  The upward pressure on prices and the crazy multiple offers we've been seeing should be slowing down soon.  

And this, from TD Canada Trust, on interest rates:  Q: "When do we see the Bank of Canada Moving?"; A:  "While the Bank of Canada has committed to keeping rates low until July, we think that the significant amount of slack in the Canadaian economy, coupled with our belief that a slower recovery than they anticipated, will keep them on hold past their conditional commitment.  We don't see the first rate hike coming until the fourth quarter of 2010"

So, all is good for Buyers and I expect we will continue to see the numbers of active listings rise as the gardens start to come into full bloom.

Please browse my website for listings, reports and important local real estate information.

For immediate assistance please call me at (250) 477-7291 or toll free at 1-800-668-2272.

Carol Crabb