2017 was an eventful year in Victoria Real Estate. A low inventory has been a key factor in the market this year.

A total of 462 properties sold in the Victoria Real Estate Board region this December, 1.9 per cent fewer than the 471 properties sold in December last year. 

A total of 671 properties sold in the Victoria Real Estate Board region this November, 12 per cent more than the 599 properties sold in November last year. 

A total of 664 properties sold in the Victoria Real Estate Board region this October, 9.7 per cent fewer than the 735 properties sold in October last year. 

A strengthening Canadian economy is projected to have a positive, cascading impact on the nation’s high-end residential real estate market this fall.

A total of 640 properties sold in the Victoria Real Estate Board region this September, 18.1 per cent fewer than the 781 properties sold in September last year. 

A total of 736 properties sold in the Victoria Real Estate Board region this August, 16.6 per cent fewer than the 883 properties sold in August last year. 

“The activity level in the Victoria real estate market continues to be brisk, though we always expect a slowdown in the summer months,” says 2017 Victoria Real Estate Board President Ara Balabanian.

The Victoria real estate market is creeping closer to inventory levels of July 2016.

Sotheby’s International Realty Canada has represented some of the most extraordinary homes in the country, and our network has represented some of the most significant homes and clientele in the world.

“This year may feel a bit steady and less exciting when compared to last year’s record-breaking market. People are getting used to this new tempo of brisk sales,” says 2017 Victoria Real Estate Board President Ara Balabanian.