Victoria is a seller's market where home prices will stay strong -- particularly in the first two quarters of the year -- thanks to low interest rates, tight inventories and rising consumer confidence, says one of Canada's leading real estate companies.
According to Royal LePage's market survey forecast, released yesterday, Vancouver's average price for an existing home is predicted to rise 7.2 per cent this year over last year. Victoria was not included in the forecast of major metropolitan centres, but price increases aren't expected to be as high here as in Vancouver, said Carol Geurts, president of Royal LePage Coast Capital Realty.
