According to the Victoria Real Estate Board (VREB), the benchmark value for a single-family home in Victoria’s core was 859,600 in June 2019 compared with $898,500 in June last year – a 4.3 per cent drop. However, Victoria officially remains a seller’s market as measured by the sales-to-active listings ratio.
Reference:
https://www.vicnews.com/news/statistics-canada-warns-of-deteriorating-market-conditions-in-greater-victoria
https://www.vreb.org/current-statistics
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