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
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.
Bill Ethier, REALTOR®
All Articles More Like This