Would you like your very own copy of our 2011 Real Estate Market Report?

Karl and I have just released our 2011 market review.

In summary, 2011 was a slightly weaker year for real estate sales in the Greater Victoria area.  Although our market would still be considered to be very stable, prices and volume were down over the year before in most segments.  For example, single family home prices slipped by 2.6%, with the number of houses sold off by 5.2%.  Most forecasts for 2012 include a modest recovery, with generally stable conditions.  Both CMHC and the Canadian Real Estate Assocation expect prices and volume to grow very slightly.  The recent announcement by several banks of increasing competitive mortgage rates could help to spur sales further.

If you would like your own full copy of this report, just send us a message with your email and we would be happy to send it along.  If you are already connected with us, keep an eye on your mailbox - it will be arriving soon!

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