Victoria British Columbia Real Estate
In Victoria, British Columbia, the real estate potential is among the best in Canada. Known as the City of Gardens, Victoria’s moderate climate means that the city is filled with thousands of flowering gardens each year. British Columbia’s motto is “Super, Natural”, and for good reason: the province’s towering mountains, stunning coastal rainforests, and rich cultural history makes it one of the best places in Canada to live.
Real estate in Victoria has not often seen a recession. Although the occasional slump occurs, Victoria mostly carries on through the ups and downs that other areas of Canada endure. These days, buyers are confident, and everything points toward a fine year for residential sales. Higher demand and lower mortgage interest rates have come together to create a positive environment for real estate investors. Because of this, younger home buyers are actually beginning to outnumber retiree home buyers!
B.C’s biggest metropolitan area, Vancouver, attracts many buyers searching for their ideal property. Vancouver, as well as Victoria, has reported record sales from last fall. It’s looking as though real estate development will enjoy a 2 to 4% increase over the next 12 months, both locally and throughout B.C. A welcome side-effect of this is that it will also bring a boost in the local tourist industry and new jobs in the building trades.
Victoria, British Columbia, real estate investors could be likened to the pioneers who crossed the Rocky Mountains to carve out a new life for themselves. Any investor or home buyer with that attitude would feel right at home in magnificent Victoria, B.C.
So, what are you waiting for? Come and grab yourself a piece of Victoria British Columbia real estate!