Victoria Housing Trends – September Updates - Category: Housing
Posted by Jack Barker
The Victoria real estate market continues to be characterized by low inventory and high prices. There is also a concern that raising interest rates will drastically reduce property market activity and prices across all of Canada.
Because many Canadians carry debt, they are particularly susceptible to interest rate movements – one only has to look at the events of 2018, where the rate of home price appreciation came to an abrupt end due to a series of interest rate hikes.