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CMHC Reports Victoria Housing Market Offers Choice, Varied Prices For Buyers

CMHC has released a new report assessing the market valuation of homes in cities across Canada. The following is the summary for Victoria:

“While the existing home sales trended higher in the second quarter of 2015, particularly in the single-detached segment, the available supply of a wide range of housing types continues to provide choice for home buyers at all price points. Home price growth has been moderate so far in 2015 and is being supported by population growth. Demand for new homes has been well-matched by builders, and both the number of units under construction and the inventory of completed and unsold units are within historical norms.”

The full report is available here.

 

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