Anny Schaefer

Whatever your natural habitat may be

Victoria house prices edge up

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!