October MLS Statistics

Here are the highlights of the current MLS statistics:

  • Inventory remains low and demand remains high, resulting in multiple offers and sales over list prices
  • Benchmark value for a single family home in the Victoria core is $755,000 (up 24.1% from October 2015)
  • New mortgage lending rules have constricted budgets of buyers requiring insurance, causing some to postpone their search for a new home
  • Read the Victoria Real Estate Board's article here