Victoria real estate sees influx of offshore buyers.
Brent Jang of the Globe and Mail interviews realtors who feel the greatest number of offshore buyers in Victoria are from just across the pond. He’s talking about Vancouverites of course.
And no wonder! Selling a home in Greater Vancouver to purchase a home in Greater Victoria is like winning the jackpot! Selling a detached home in Greater Vancouver in February would have netted the owner the average (benchmark) price of 1.47 million dollars.
Compare that to Victoria core’s February benchmark price for detached houses of $775,000, then consider our slower, “small town” lifestyle, greater amount of sunshine, cleaner environment, and the appeal of pocketing half a million dollars (after expenses). It’s easy to see why many Vancouverites are tempted to retire in Victoria!
Read the whole story here: http://www.theglobeandmail.com/real-estate/victoria-real-estate-sees-influx-of-offshore-buyers-from-vancouver/article34209638/
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