House prices in Victoria rose by 0.5% in February compared to January. Victoria is one of only a few cities in Canada that saw a rise in the Teranet–National Bank National Composite House Price Index™ last month. The only other 2 markets that increased were Vancouver (+1.5%) Hamilton (+0.3%), while the other 8 metropolitan markets Teranet tracks declined month over month, leading their analysts to conclude: "In some markets there have clearly been corrections in progress." Victoria isn't one of those!
On an annual basis, Victoria saw house prices rise almost 4% over February 2014.
"BC Parliament Buildings" by Sébastien Launay is licensed under CC BY 2.0