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2011-05-04 15:43:16

Victoria Canada Real Estate Report

 

Victoria, Canada real estate is within a promising market and many buyers are making the move towards buying. Those interested in real estate in Victoria, Canada will find exceptional options at moderate pricing.

 

The Victoria, Canada real estate market is booming, as compared to just a few years ago. Like most of the other larger cities in Canada, Victoria saw a significant boom that faltered in 2008 through 2009. However, much of the region is improving in terms of real estate rates. Victoria is the capital city of British Columbia. It is at the very southern tip of Vancouver Island, a prominent area for tourists, international buyers and locals. It is on the Pacific coast, and has a population of about 78,000 people. However, the Greater Victoria area has a population of about 330,000 people.

Real estate in Victoria, Canada is improving in terms of the number of sales happening. House prices remain low enough to encourage buyers, who seem to be making a move now that the economy is strengthening. Keeping this in mind, realize that now may be the ideal time for those looking for Victoria, Canada real estate for sale, especially those who are foreign investors who want a good deal on the properly. Victoria does attract a large foreign population due to its more remote and picturesque location than larger cities in the area, including Vancouver.

Consumer confidence is back in the Victoria, Canada real estate market, experts say. This may be due to the stable prices prominent in the area right now as well as the fact that the market remains fairly balanced instead of favoring either the buyer or the seller. The most prominent sales are in single home families, with condominiums, townhomes and manufactured housing following that. Victoria is not a large downtown region, therefore many of those who move here do so for some land and often waterfront property. These areas tend to have a higher price point than smaller, single family homes within the city.

When it comes to looking at the availability in properties and Victoria, Canada real estate listings, a number of options are available. Some property choices include more luxurious properties, but the markets moderately ranged price points are doing the best.

Victoria, Canada rentals are also available and pricing seems to be settling in this area as well. For those who are interested in Victoria, Canada real estate, now may be the ideal time to buy, especially if you are looking for an optimum area to live in at a fair price. It is not inexpensive to live here, but it is not the most expensive area either.

About The Author:

Taylor White is an international real estate investor and leading the charge at International Real Estate Listings the worldwide leader in Victoria, Canada real estate for sale, Victoria real estate exchanges, and Victoria, Canada rentals. Victoria, Canada real estate owners, agents, and developers are encouraged to create an account, upload an unlimited number of listings, write as much creative property details, include a You Tube property video, and it will be activated as a basic listing for 6 months, free.

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