I keep getting asked what will happen to the Victoria Condo Market in 2019. The simple answer is nothing. If you look at condo prices in Victoria ( that is the price per square foot ) we are still undervalued compared to the rest of Canada. Plus! the market in Victoria has similar rental rates compared to major cities in Canada.
No one has a crystal ball to forecast exactly the condo market, but we do know that in the longtern , the prices are always upward trending.
There is no place on earth like earth. Invest in it!
Talk soon :-)
Shirin
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