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April 2014

Found 4 blog entries for April 2014.

Immigration is nothing new to Victoria, with diverse cultures represented and coexisting harmoniously. Averaging a very consistent net growth in our population of approximately 1% annually, we are a chosen destination increasingly for our mild weather and island lifestyle. We attract not only retirees, as commonly known, but also many high tech businesses now making up the largest sector of our economy, doubling tourism and government surprisingly. For many years we have observed significant immigration of Chinese citizens to the lower mainland, mostly in Richmond and more recently into high end Vancouver neighborhoods. Comparatively, over the past couple decades, we have seen only a small fraction of new Chinese immigrants choosing Greater Victoria and…
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The market has warmed up with the spring weather and new listings are popping up nearly as fast as the flowers, however, the number of total listings continues to track downwards from the peak in Spring 2013 now at 4050 listings at the end of March this year compared to 4333 at the end of March last year. The number of sales continues to track substantially higher than this time last year with 575 total sales on MLS this March for Greater Victoria but is still short of the five year average sales volume and hasn’t been enough to shrink our inventory which has been hovering around a 9-10 month supply for almost a year now. While the market is brisk for premium properties and in some more popular areas, marginal properties and those in less desirable and…
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