Condominium Market Outlook for Victoria 2021

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Victoria:

It is located on the southern end of Vancouver. With plentiful parkland, it is known for outdoor activities. The British colonial past of the city is exhibited in its Victorian architecture, including the stately Craigdarroch Castle mansion. Butchart gardens with 55 acres of vivid floral displays, plus statuary, wart features, and carousel are one of many formal gardens in the city.

 

Active listings:

1321 active listings for sale on the victoria real state board are available with multiple services.

 

Average prices for condos:

The MLS HPI benchmark value for a condominium in victoria’s core area in December 2019 was $520,100, while the benchmark values for the same condominium in December 2020 decreased by 0.9 percent to $515,600 slightly less than the November values of $516,600.

 

Oak Bay was the most expensive suburb in Victoria, British Columbia in both periods, followed by both North saint and Metchosin. Set across 49 hectares, elloura offers a range of sites to build your dream home.

 

Condo features  

1. Outdoor play area with covered mass timber seating pavilion.

2. Secure and easily accessible bike parking.

3. To Modo car shares electric vehicles.

4. Dedicated outdoor dog area.

5. Visitor parking.

 

Condo design:

1. Thoughtful interior design and finishes.

2. Generous 8 to 11 ceilings.

3. Full furnished bedrooms.

4. Wide plank Oak flooring.

5. Custom tile in bathrooms.

6. Feature lighting.

7. Advanced soundproofing between floors.

8. Quarry countertop and backsplash in kitchen and bathrooms.

 

Prices are increasing or decreasing:

A slight increase in sale prices of three percent over the next 12 months as demand remains high while inventory still trends well Victoria’s 10-year average is expected. Demand for condos rises as many first time home buyers can afford this property.  2020 will be a highly positive though not exactly a stellar year for the condo market. And that could be excellent  news for renters and home buyers alike.

 

What can you buy and how much:

You can buy a condo for living in victoria. Enjoy your days with your family in victoria.

Top ten things to buy in victoria.

  1. Teapots.
  2. Maple leaf souvenirs.
  3. Inuksuk.
  4. Dream catchers.
  5. Jade.
  6. Canadian maple syrup.
  7. B.C wines and craft brews.
  8. First nation art.
  9. smoked salmon.
  10. English sweets.

 

Best areas in victoria:

These are the best areas in victoria for living.

1: Gordon’s head.

2: uplands area.

3: Fernwood area.

4: Rockland area.

5: Beacon Hill.

 

What buyers can expect and what they get:

When you buy a condo, you buy one individual home in a building plus an ownership share of all the common areas in the condo community. Common areas might include a lobby, laundry room, and rooftop deck. Fully furnished condos in master-planned community.  The condo has all the features that a buyer needs.

 

Condo owners pay a fee that covers some maintenance and other costs associated with the property such as water heat etc.

 

 

Victoria Homes For sale

Victoria Townhouses For sale

Victoria Condos For sale

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