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March 2018

Found 1 blog entry for March 2018.

March 2018 VREB market statsIn the wake of rising interest rates, tighter lending policies and newly imposed tax measures designed to cool our over heated housing market, it would seem we should expect to see inventory rise and sales slow. With our traditionally busy spring market just around the corner, thus far we are continuing to experience lower than normal supply which is being outpaced by demand, creating a continuing, competitive market for much of the available listing inventory.

The Victoria Real Estate Board reports the total number of listings (including raw land and commercial) as 1,545 on Victoria MLS at the end of February 2018. This is an increase of only 8 listings, or 0.5% from the same time last year. Of those the number of available “residential” listings on

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