The Canadian Housing and Mortgage Corp (CMHC) has just published their Second Quarter report for 2008. The overall outlook for the remainder of the year shows: New home starts will trend downward to historical average, resale home sales are expected to dip and new and resale home prices to rise moderately. All this adds up to a more balanced market then we have seen over the past few years.

The CMHC does not allow any republication of its articles, therefore, if you wish to view the latest report please follow this link:

If you would like to discuss the Victoria Market or if you are looking to sell or purchase property here in Victoria BC please do not hesiate to contact us through our website.

Cheers
Bill EthierB.Sc – REALTOR®

Properties in Victoria Professionals- Royal LePage Coast Capital Realty

Bill has been a REALTOR® in Victoria since 2006. Originally from the Vancouver area, Bill moved to Victoria to attend the University of Victoria where he received his Bachelor of Science. Not only does Bill have a wealth of real estate knowledge he is also an active member of the community. He is a member of Triple Shot Cycling Club, Island Road Racers and is the Race Director for the Sooke River 10K.
Share and Enjoy:
  • Facebook
  • StumbleUpon
  • del.icio.us
  • Digg
  • Google
  • Sphinn
  • Technorati


«
»

One Response to “Real Estate Victoria BC – Softening of the Resale Market”

  1. hottest investors Says:
    September 21st, 2008 at 6:04 pm

    hottest investors…

    This is a great site, I’ll give a fave on faves.com…I’ll be checking back later…

Leave a Reply

You must be logged in to post a comment.