March Update - Low Inventory, High Demand

Victoria real estate market shakes off winter doldrums.


March 2, 2020  A total of 563 properties sold in the Victoria Real Estate Board region this February, 33.7 per cent more than the 421 properties sold in February 2019 and 37 per cent more than in January 2020. Sales of condominiums were up 35.7 per cent from February 2019 with 175 units sold. Sales of single family homes increased 23.7 per cent from January 2020 with 271 sold.  Continue Reading...

March Market News

Condominiums in Greater Victoria haven’t yet seen massive increases in insurance rates, but it might only be a temporary reprieve, according to experts.   
Insurance costs for strata corporations have been skyrocketing in condo-heavy markets such as Vancouver, Toronto and New York, while some buildings have been told flat out their insurance will not be renewed.

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