A total of 774 properties sold in the Victoria Real Estate Board region this April, 12.5 per cent fewer than the 885 properties sold in April last year, but a 12.5 per cent increase from the month previous.
British Columbia is predicted to have solid economic growth through 2018. Central 1 Credit Union said 2017 was a year of “stellar growth” and the positive momentum will continue in B.C. for the next 24 months, despite a slower housing market.
A total of 688 properties sold in the Victoria Real Estate Board region this March, 25.9 per cent fewer than the 929 properties sold in March last year, but a 26.2 per cent increase from the month previous.
“This month we have seen an increase in inventory – which means that buyers have more choice – and it means that now in some areas sellers are competing for buyers,” says 2017 Victoria Real Estate Board President Ara Balabanian.
“The numbers we saw in April are a further indication that the market is gradually moving towards a more balanced state compared to the record setting pace of 2016.” says 2017 Board President Ara Balabanian.