Prices are climbing as demand outstrips supply and sales numbers jump. The capital region is facing a tight inventory with just 1,450 properties for sale down 43 per cent from May 2020. Board president David Langlois predicts strong demand will continue, which means the region needs to support the creation of a housing market that can respond to population growth and evolve with community needs. “Victoria is an amazing place to live and we will continue to see demand for property here,” Langlois said Tuesday. Langlois praised the City of Victoria for moving to fast-track non-profit developments. In May, the benchmark value for a Greater Victoria condominium rose to $521,000 from $487,000 in the same month in 2020.
For the first time, the monthly benchmark value for a single-family house in the core area of Victoria has topped $1 million. The benchmark price for a single-family house in the core reached . . .
Having twice postponed a 100-person wedding at Hatley Castle that was supposed to include her beloved grandfather, Tess Hunter is now opting for a simple backyard event this summer as the province . . .
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