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Strong local demand, lack of options, push up housing prices

Strong local demand, lack of options, push up housing prices
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United statesDavid langloisGreater victoriaVictoria real estateஒன்றுபட்டது மாநிலங்களில்டேவிட் லாங்லோயிஸ்அதிகமானது விக்டோரியாவிக்டோரியா ரியல் எஸ்டேட்

Skyrocketing cost of building materials could stress Victoria real estate market

VICTORIA The real estate market on southern Vancouver Island continues to be red hot. “Condos were up single digits, low single digits,” said David Langlois, president of the Victoria Real Estate Board. “Whereas single family homes in a lot of markets were sort of low double digits.” Inventory for condos has been holding its own. In contrast, the inventory for those sought-after single-family homes is bleak. “When we look at the single-family home market, (there’s) very limited inventory and very strong competition for buyers,” said Langlois. Besides inventory, developers say that the rising cost of building materials may also lead to a rise in costs for home buyers.

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New president, executive for Victoria Real Estate Board

“I am honoured to be leading the Victoria Real Estate Board into our centennial year,” Langlois said in a statement. “As we enter our 100th year we look forward to not just celebrating our history, but at how to position ourselves for the next 100 years. As a board, we will continue to focus on delivering high level services to our members and advocating for our profession on a local, provincial and national level.” Joining Langlois around the board table in the coming year will be Ayers, president-elect Karen Dinnie-Smyth, treasurer Patrick Novotny, and directors Sheila Aujla, Robert Cole, Laurie Lidstone, Jackie Ngai and Graden Sol.

Jackie ngaiLaurie lidstoneDavid langloisGraden solPatrick novotnyRobert coleSheila aujlaSandi jo ayersMacdonald realty victoriaVictoria real estate boardKaren dinnie smythBusiness generalடேவிட் லாங்லோயிஸ்கிரேடன் சொல்பேட்ரிக் நோவோதனிராபர்ட் கோல்