Victoria and Sooke Real Estate Market Outlook Fall 2015
October 28, 2015
Last year at this time we questioned if the Victoria real estate market would move in 2015 from a balance position into a sellers market – a market in which demand outpaces supply. The numbers are in and the answer is a resounding yes.
Canada Mortgage and Housing Corp. has just released their Fall 2015 Housing Outlook for Victoria and notes, “Higher sales levels combined with a declining supply of listings moved the Victoria area resale market into sellers’ conditions through the first eight months of 2015 (Figure 4), particularly in the single-detached home segment, where demand