With over 25 years immersed in Victoria real estate, I pay close attention to market shifts like those revealed in the latest board report. In August, Vancouver Island recorded 651 sales—a 4% dip compared to last year—while active listings edged up by 2% to 4,498. Single-family home sales, in particular, slipped 11% year-over-year, with the benchmark price now at $788,100. It’s clear that buyers are approaching the market with thoughtful caution. Understanding these trends is key for anyone planning their next steps in property or investment.
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