Victoria, BC: Real Estate Results for May 2014: In Victoria, we've had an increase in sales of 7.5% over April, 2014 and 8% increase over May, 2013 - good news!
Victoria Real Estate Board President Tim Ayres says:
“We are pleased to see sales numbers continue to rise...The last time we saw this many sales in a month was in 2010, which was also the last time we saw a busy market. The increase may be attributed to the extended period of low mortgage rates we are seeing, and to the great diversity of properties currently available. We saw 19 single family homes sell for overone million dollars (in May), and we saw 29 single family homes sell for under $350,000. The market has something for every home buyer right now.”
For the full report,CLICK HERE
For historical reports on the marketCLICK HERE
Sales Prices and Sales Volumes since 2009: