We are not just talking about the weather in Victoria. The market this spring has been a busy one. It doesn't take long for a feeding frenzy to start amongst buyers and that's what we've seen in the last month. The hottest commodity in Victoria and the surrounding areas has definitely been houses with suites under $600,000. The more challenging properties to sell have been condos and townhouses (especially with rental restrictions).
We are continuing to see developers build and create new inventory in the condo and townhouse markets and consequently, it will take longer for the inventory to be absorbed and bought up by consumers.
Hot tip: If you are in a condo and want to get into a house - it's better to get your condo on the market and wait for an offer before you try to purchase a house.