BC Real Estate Market To Follow Australia?

A steady Greater Victoria area real estate market continues into summer . August 1, 2019 A total of 706 properties sold in the Victoria Real Estate Board region this July, 8.4 per cent more than the 651 properties sold in July 2018 but a 4.6 per cent decrease from June 2019.Sales of condominiums were up 14.4 per cent from July 2018 with 215 units sold.

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Mr. Market fears. that they have substantial real estate holdings that are unencumbered. The only properties that.

Its portfolio, at $136 billion, is bigger than the market value of the largest real estate investment trust in the S&P 500. Perhaps that’s why other PE powerhouses are eager to get into real estate.

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Victoria is the capital city of British Columbia, nestled on the southern tip of Vancouver Island, approximately 100km south of Vancouver. The city comprises a diverse range of neighborhoods; from vivacious student-populated areas, to less dynamic regions for families and retirees.

Since 1975, Colliers International has been the leading commercial real estate firm in Victoria. Today, our more than 45 professionals account for 60 to 70 per cent of locally brokered transactions in the office, retail, industrial and investment sub-markets, and manage more than 1.8 million square feet of commercial property in Victoria.

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While hedge fund billionaire Ken Griffin’s record $238 million purchase of a penthouse at 220 Central Park South helped push the average sale price up nearly 10%, the Manhattan real estate market.

Other suburbs with impressive jumps in median house prices include the Mornington Peninsula’s Dromana (15 per cent), Sunbury (14.5 per cent) just north-west of Melbourne and Balwyn North (13.8 per cent), a suburb of Melbourne. For units the Real Estate Institute of Victoria (REIV).

Just as in the Toronto real estate market, the condo market is where the focus is. That’s due to high home prices and the fed’s new stress test mortgage rules. Areas covered by the Real Estate Board of Greater vancouver include: whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port

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