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THE MARKET INVENTORY Category: News

There were 1,910 properties (including lots and acreage) active on the VREB’s MLS® database for the Greater Victoria area (i.e., excluding the Malahat, Up-Island and the Gulf Islands) on July 1, 2018, up +50.3% from 1,271 a year ago. As an additional point of reference, the inventory was 2,796 on July 1, 2015.

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THE VICTORIA MARKET Category: News

The real estate market in Victoria continues to cool and begins to move towards a more balanced market.

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Home Ownership and Public Policy Category: News

For the most part, governments in Canada have pursued polices encouraging home ownership. The rate of home ownership
increased from 60.3% in 1971 to 69.0% in 2011. In the past five years, many urban areas, particularly the Lower Mainland
of BC, the Golden Horseshoe around Toronto, as well as Victoria have experienced a marked appreciation in real estate
values.

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THE GLOBAL AND NATIONAL PICTURE Category: News

A Scotiabank Group report entitled “Global Real Estate Trends,” released in November 2017, reported the results of a survey of the housing markets in twenty-three countries. This survey found that seventeen countries enjoyed year-over-year (y/y) “real house price increases” (i.e., inflation-adjusted) into the 1st and 2nd Qtrs of 2017.

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The Victoria Market Update - Fall 2017 Category: News

The frenzied pace that marked the Victoria real estate market in 2016 has slowed. However, Victoria still remains a solid seller’s market.

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