Most residential properties for sale in the capital region market were single-family, which is “generally at the top price point.”
Real estate sales in August reflected a typical late summer market — quiet in the first part of the month and then picking up in the final weeks, said the chairperson of the Victoria Real Estate Board.
There were 544 sales through the board last month, up by 13.8 per cent from 478 in August 2022. Last month’s number of sales slid by 8.6 per cent overall from July. The benchmark for a condominium in the core was $582,000 in August, marginally below the same month in 2022 when it was $583,700.Inventory of properties for sale remains low at 2,490 listings, although it is 16.5 per cent higher than the 2,137 listing at the end of August 2022.
Capital region inventory levels are not high enough to result in a balanced market, he said, noting that it stood at 5,000 a decade ago.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Editorial: Difficult measures needed as Greater Victoria densifiesWithout far-sighted measures to manage growth, quality of life will suffer.
Read more »
Greater Victoria will have four empty ORs this fall, surgeries postponed for 160 peopleOR closures are sidelining surgeons and forcing patients needing knee or hip surgeries to wait longer or look at private alternatives.
Read more »
Calgary home sales hit record high in August while inventory dropsCALGARY — The latest report from the Calgary Real Estate Board says the city saw record-high sales in August, driven by the condo market. The data shows 2,729 propertieswere sold in the month, an increase of 27.
Read more »
Calgary home sales hit record high in August while inventory dropsThe latest report from the Calgary Real Estate Board says the city saw record-high sales in August, driven by the condo market.
Read more »
Calgary home sales hit record high in August while inventory dropsThe city’s record-high sales driven by condo market, says Calgary Real Estate Board
Read more »
Calgary home sales hit record high in August while inventory dropsThe latest report from the Calgary Real Estate Board says the city saw record-high sales in August, driven by the condo market.
Read more »