Victoria real estate activity tempered by political and economic uncertainty

May 1, 2025  A total of 642 properties sold in the Victoria Real Estate Board region this April, 5.3 per cent fewer than the 678 properties sold in April 2024 but 4.7 per cent more than in March 2025. Sales of condominiums decreased by 10.1 per cent from April 2024 with 187 units sold. Sales of single family homes decreased by 0.6 per cent from April 2024 with 335 sold.

"While sales were up from March, activity in April was most likely impacted by events in play well beyond our immediate real estate market," said 2025 Victoria Real Estate Board Chair Dirk VanderWal. "Political uncertainty associated with the federal election, combined with broader economic concerns…

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