2015 real-estate sales throughout southern Vancouver have surged nearly 27% over the first six months of 2014 totaling nearly 4,300 transactions. Citified.ca.
Second quarter real-estate sales throughout southern Vancouver Island have shot up 29% over 2014 according to statistics released by the Victoria Real-Estate Board.
Between April and June of 2015, a total of 2,655 transactions took place beating out the same period last year by a whopping 597 sales. Year to-date, 2015 has seen 4,282 sales compared to the first half of 2014 with 3,387, an increase of nearly 27%.
Realtor Marko Juras of Fair Realty says continued low interest rates and market sentiment are helping drive the market.
"Interest rates are low, of course, and as real-estate sales increase more potential buyers start feeling optimistic about entering the market," Juras said.
As for foreign and out-of-town buyers, Juras notes there is some activity but according to data collected by the Victoria Real-Estate Board local buyers make up the brunt of purchasers. C
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