Victoria Housing Now, by Canada Mortgage and Housing Corporation.
This excellent annual Housing Start and Absorption report for the Greater Victoria Real Estate Market Activity is now available from the CMHC Website.
As always this Housing Starts and Absorption report for Greater Victoria offers great detailed information about the local Greater Victoria Strength and weaknesses in the Construction market place on the South Island.
Although the total numbers are down a bit as far as numbers of new starts, as well as the number of sold new housing units, there are also a good number of good signs...for example slightly higher prices and certain areas seeing improvments already.
With a total of 1,642 new housing units started and 1,486 of the new housing units sold, and an unsold inventory of 531 it is safe to say that the numbers although a bit lower compared to 2010, are not alarming for the new construction sector for steady Local jobs and indicate Good long term economic prognoses.
We would encourage you to review the entire report, which is available for free 
from the CMHC website.
Source CMHC from Housing Now Victoria CMA Released January 2012
Greater Victoria MLS Statistics
As always, Having great information offers great insight, however, if you are using this information in order to plan your real estate decisions, you would benefit from discussing your options with Peter and Linda Pfann, to offer you the benefit of our 25+ years experience and insight in good markets and bad to develop the best possible strategy for your plans.
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Victoria Housing Now, by Canada Mortgage and Housing Corporation.
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