Posted by & filed under Prestigious, Victoria Real Estate Update.

The Canadian Mortgage and Housing Corporation (CMHC) released their 2008 forecast and it looks like the Victoria real estate market is going to continue its’ strong growth through out the next year. It will not be the torrid pace of years gone by, but a more healthy growth of just under 10% compared to the 2007 forecast. Who would have thought since earlier in the year the forecast for 2008 was to be closer to the pace of inflation, somewhere around 3-4%. The demand for real estate in Victoria is still very strong, with employment at 30 year lows, and the constant desire for people from other provinces and countries who want to call Victoria home. Why not it is a great place to live, work and play!
Please read the article located on the CMHC webiste: http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2007/2007-11-15-1200.cfm

If you have any questions about Victoria Real Estate in General or inreference to this article or any other article that appears on our blog, you can contact us anytime. 

Cheers, Bill

Bill Ethier, REALTOR®

Properties in Victoria Professionals – Royal LePage Coast Capital.   

Bill Ethier has been a REALTOR® in Victoria since 2006. He has extensive real estate and business experience and can be reached on his website or via email at Bill@propertiesinvictoria.com

All Articles More Like This