Posted by Niels Madsen on
In 2016, the Victoria real estate market broke records across the board: over 10,000 transactions took place, the most ever since the Board began tracking the number in 1990. Real estate values for single family homes increased 20% overall, with increases ranging as high as 37% in the Victoria core.
The Canadian Housing Market Association (HMA) has warned of the problems arising from real estate price increases and overbuilding across the country, but predictions are hopeful that the market will slow and stabilize by 2018.
I'll be taking a detailed look at the real estate market forecast for Victoria in 2017, as predicted by a number of leaders in the industry.