The Greater Victoria Real Estate market has cooled to a “less pressured environment,” which gives buyers more time to make decisions, the Victoria Real Estate Board chair said Wednesday.“There’s plenty of demand from buyers and we are still low in inventory, but there are opportunities in a less pressurized environment for consumers to get into a new home,” Sol said.Although the market has calmed down, many people have given up on the idea of owning a single-family house.
For condominiums, the February benchmark was $568,200, down from $578,300 in January, and also a drop from February of last year at $580,900.A total of 460 properties changed hands last month, up from 278 in January. February sales lag behind the 718 sales in the same month last year.
Let the bubble pop
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Posthaste: 'The damage is real' — Foreign homebuyer ban causing upheaval in real estate industryThe language used in the foreign homebuyer ban legislation is stopping real estate development in its tracks, CIBC says. Find out more. What about the damage to the fabric of the nation if the citizens have to compete against the world to buy a home in their own country? 'The damage is real' how short-sighted can you be? The act and its language is good. Canadians cannot compete with corporations or organized crime money laundered in our real estate market.
Source: financialpost - 🏆 7. / 85 Read more »
Posthaste: 'The damage is real' — Foreign homebuyer ban causing upheaval in real estate industryThe language used in the foreign homebuyer ban legislation is stopping real estate development in its tracks, CIBC says. Find out more. Lol of kors blame the ban. 😆 😂 could it be the interest that is causing the damage. Global slow economy? We will adjust 30 years too late
Source: nationalpost - 🏆 10. / 80 Read more »
Posthaste: 'The damage is real' — Foreign homebuyer ban causing upheaval in real estate industryThe language used in the foreign homebuyer ban legislation is stopping real estate development in its tracks, CIBC says. Find out more.
Source: fpinvesting - 🏆 43. / 63 Read more »
Posthaste: 'The damage is real' — Foreign homebuyer ban causing upheaval in real estate industryThe language used in the foreign homebuyer ban legislation is stopping real estate development in its tracks, CIBC says. Find out more.
Source: calgaryherald - 🏆 64. / 52 Read more »
Posthaste: 'The damage is real' — Foreign homebuyer ban causing upheaval in real estate industryThe language used in the foreign homebuyer ban legislation is stopping real estate development in its tracks, CIBC says. Find out more. Yeah. It's the foreign homebuyer ban. Not the crashing housing market, insane interest rates, un-precented inflation from printing money. Poll: Did the Liberal Government intentionally cause a housing crisis in 🇨🇦? ⚠️ MONEY LAUNDERING ⚠️ And were all the Absent CCP Canadian homeowner's doing us any good?
Source: nationalpost - 🏆 10. / 80 Read more »
Canadian commercial real estate investment could reach high of $59-bilion in 2023CBRE’s forecasts challenges such as tougher financing conditions and potential economic slowdown inhibiting some investors
Source: globeandmail - 🏆 5. / 92 Read more »