Anny Schaefer

Whatever your natural habitat may be

Victoria house prices are edging up, but still remain reasonable, not stratospheric. According to the Teranet–National Bank National Composite House Price Index™ Victoria's average house price increased by 5.65% between June of 2014 and last month. That's close to the countrywide average of 5.1%, but much lower than Vancouver (8.5%) and Toronto (7.8%). June prices were 2.63% higher than in May, and have gone up 4.13% since the beginning of the year. As you can see from the chart below, prices still aren't as high as their mid-2010 or mid-2011 levels. Still, they're inching up. Time will tell if this is the start of an upward trend.

Contact me if you'd like a current market analysis on your home or any neighbourhood of interest!



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