We saw last month (March 2017) continue with a very familiar local real estate trend of high demand with low inventory, forcing prices to increase as buyers battle for the limited number of homes that are on the market.
Apr 24 2017
Victoria Market Update – April 2017
A new international survey shows that Vancouver continues to be the least affordable city to buy a home in Canada – and ranks third internationally. But would you believe that Victoria comes in at second on the list in Canada, less affordable than all of the other major markets considered in the study?
Written by
Katherine Lim
· Tagged:
British Columbia,
Vancouver,
Victoria,
affordability,
canada,
house prices,
Industry News
Victoria is now second only to Richmond in the number of residential real estate transactions in this province involving foreign buyers. According to data from October, 6.3% of the sales in the Capital Regional District were to non-residents. This volume is almost double the amount of September transactions.
Written by
Katherine Lim
· Tagged:
British Columbia,
tax,
Vancouver,
Victoria,
buyers,
Expert Advice,
homebuyer,
mortgage rates,
Risk Diversity Pricing