It’s Time to Buy Real Estate in Victoria, BC: The Province’s True Gem

Comments Off Written on July 17th, 2014 by
Categories: Industry News

Previously, people migrating to British Columbia considered Vancouver as their first choice for residence. Now, Victoria has grabbed the spotlight in the province’s thriving real estate industry. In a The Globe and Mail special feature, Kerry Gold asks various people why they think Victoria is a great place for putting down one’s roots. Their accolades covered everything from the good local economy, better weather, and the area’s natural beauty. Consequently, the city’s stellar real estate sales record comes as no surprise:

“Victoria has had 12 months in a row where sales have increased over the year before,” says Guy Crozier, president elect for the Victoria Real Estate Board. “That’s the first time we’ve seen that in I don’t know how many years.”

Last month, Greater Victoria real estate sales peaked to a level not seen since 2010, with 714 properties sold. That’s an 8-per-cent increase over May, 2013. The Board counted 19 houses that sold for more than $1-million last month and, at the opposite end of the market, 29 houses that sold for less than $350,000.

That said, finding a beautiful house or condo in Victoria takes skills and smarts. One can peruse the many real estate postings online, or instead tap the expertise of a seasoned professional—like Richard Cummings of Victoria BC Real Estate Listings, for instance—who has helped many buyers find the right residential real estate in Victoria, BC. Such a real estate professional not only has a line on the latest listings but also knows the local vibe, the best neighborhoods, and the various ins and outs first-time buyers are likely to miss out on.

an influx of migrants boosts victoria sales

While it is more renowned as the provincial capital of British Columbia, Victoria is also the oldest city in Western Canada. The city is quite popular for marine tourism activities like boat tours and whale spotting at Victoria’s northern and southern harbours. When it comes to great neighbourhoods, Gordon Head is regarded as a comfortable place for college students and middle-class families, while the idyllic seaside community of Cordova Bay is perfect for people who prefer a laidback lifestyle. Transportation is not a problem for most folks in Victoria, thanks to the Big Bus and BC Transit systems.

Given the great amenities, services, and recreational options the city has to offer, new residents should only have to think about finding the right property for sale. Fortunately, they can count on real estate experts for help in finding the best houses for sale in Victoria, BC.

(Source: An influx of migrants boosts Victoria sales, The Globe and Mail, June 11, 2014)