The Victoria Real Estate Board says 2023 is off to a slow start for home sales in the region.
Some 278 properties were sold in the Victoria area in January, down a whopping 41.4 per cent compared to the same time period in January 2022, and a decrease of 13.1 per cent compared to December 2022.
"However, we did see a mid-month surge in activity as buyers seemed to regain confidence after the rapid interest rate increases of last year," he said. "Interest rates, continued low inventory and the greater economic situation in our area will determine what our early spring market will look like," he said.
Sol notes that interest in properties that represent middle housing in Victoria remained relatively high during the slow month of January.is a great step in the right direction when we are considering how low inventory has impacted the attainability of housing in the CRD," said Sol.
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