Sales in Greater Victoria fell more sharply than usual in September, making it one of the slowest Septembers in data going back to 2000. Meanwhile, new listings rebounded after the summer lull, shifting conditions further in favour of buyers. Overall months of inventory reached their highest level since early 2014, and the townhome segment moved into buyers' market territory on the back of record inventory.
The victoria rennie advance is a summary of the latest sales, listings, and price trends in Greater Victoria. It is produced at the beginning of each month and it reflects the latest market data.
Our rennie intelligence team comprises our chief economist, senior demographer, market analysts, and business intelligence analysts. Together, they empower individuals, organizations, and institutions with data-driven market insights and analyses. Experts in real estate dynamics, urban land economics, the macroeconomy, shifting demographics, and data science, their industry-leading data acquisition, analytical systems, and strategic research support a comprehensive advisory service and forms the basis of frequent reports and public presentations, covering the Vancouver, Victoria, Kelowna, Seattle, Coachella Valley, and San Diego markets. Their thoughtful and objective approach embodies the core values of rennie.
