Source : realestateinfo.propertiesinvictoria.com

The pace of buying and selling houses remains fast as Greater Victoria's hot housing market shows no signs of cooling down despite national predictions. These days' condo buyers' choice from parents buying condos for issue attending post-secondary school to first-time home owners attempting to get a foothold in the market.

Enthusiasm for housing is obvious in many Island communities. More than three-quarters of a 27-unit condominium growth in Tofino were bought up in its first sales event, said a release from Moss Development Inc. Many developers these days hold special events to sell you're your fast. Home buyers with pre-approved mortgages determined to get into the market after the bank rate was augmented in July, pushing Multiple Listing Service home sales in Canada's chief markets to record levels," said CREA chief economist Gregory Klump.