The lure of a warmer and milder climate is attracting more and more homebuyers from Calgary and Alberta to Victoria.
Shelley Mann, president of the Victoria Real Estate Board, stated the residential market in the West coast city has been experiencing a definite increase in out-of-province homebuyers.
“A lot of them are buying them to come out here and spend the winter. It’s the snowbirds coming this way versus going down south. We’ve got a really good inventory of condos on the market right now and fairly competitively priced. People are looking at that. This is a good investment . . . And there’s a lot of new inventory coming onto the market.”