Quote:
Originally Posted by rubecube
The island is the next obvious stop if they're still wanting to buy in BC. The market here has been heating up as well. Obviously it's not as bad as Vancouver but houses in Victoria and Oak Bay are already out of reach for the average person here. I don't know why they just didn't slap the tax on all the notable spots where this is already or will shortly be a problem.
EDIT: Take a look at this. Again, not sustainable in the longterm.
http://www.vreb.org/current-statistics |
Houses have gone up 200k in some areas like Broadmead. Outside of foreign investment, lots of folks are selling in Van and moving here with their winnings.