There are more houses, condos and properties listed for sale on the market in Greater Victoria than there has been in a long while, according to the Victoria Real Estate Board.
They say there were 3,017 active listings for sale on their listing service at the end of April. This marks a 14% increase when compared to March and a 47.7% increase from the 2,043 active listings for sale at the end of April of last year.
“When we look back to previous spring markets, we will recall challenging conditions that are not present in the market this year,” said Laurie Lidstone, Victoria Real Estate Board Chair.
She says that in 2023 interest rates were climbing ever upwards, creating unpredictability for buyers.
The previous spring, in 2022, record lows of inventory created an unideal and pressurized situation for both buyers and sellers.
Before that, the spring of 2021 also
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