It was a very busy month with over 900 sales in Victoria in May. We have not seen a May like that since 2007 when there was 963 sales. The question is: "How long will it last?" Low interest rates are to continue for the foreseeable future. May revealed strong employment numbers for Canada, and in particular BC, with many of them being full-time jobs. The population in Greater Victoria has been increasing year-over-year. More people, more jobs and low interests rates are good indicators of a strong economy leading to continued demand for housing.
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