A total of 471 properties sold in the Victoria Real Estate Board region this December, 1.3 per cent more than the 465 properties sold in December last year.
A total of 599 properties sold in the Victoria Real Estate Board region this November, 4.5 per cent more than the 573 properties sold in November last year.
Of course, you will choose Victoria the capital of British Columbia where the climate is temperate, the scenery is stunning, the quality of life in general is superior and the people are polite – to name a few reasons for selecting the Garden City.
“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.
Darryl Dyck/The Canadian PressRising costs are putting Vancouver’s vaunted growth engine at risk as the city hemorrhages people employed in tech and new media for more affordable locales, including Victoria and Kelowna.
New measures aim to improve housing affordability Newly built homes priced up to $750,000 will be fully exempt from the property transfer tax when bought by Canadian citizens or permanent residents as a principal residence and lived-in for a full year.
Colonist, January 12, 2016……..Capital region construction watchers are bullish about the coming year, saying they expect strong demand for new housing to continue.
Times Colonist…..VICTORIA – As the average selling price for single-family homes in Vancouver surpasses $2.5 million, the provincial government moved Tuesday to ensure residents with property assessed at less than half that amount are eligible for homeowner grants.
OTTAWA – Canadians looking to buy homes valued over $500,000 will soon be required to come up with larger down payments in a move the federal finance minister says is designed to ensure stability in Canada’s biggest real estate markets.
