“Now the tempo of the market is trending slowly – very slowly – towards more balanced conditions, says Victoria Real Estate Board President Ara Balabanian.
“Recently we’ve seen overall price increases level out, which can indicate slightly less demand, and inventory is building.”
There were 1,976 active listings and 214 condominiums for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of September 2017.
The Multiple Listing Service® Home Price Index benchmark value for a condominium in the Victoria Core for September 2017 $488,348. The benchmark value for the same condominium in September 2016 was $380,976