Remove 2027 Remove Construction Remove Development Remove Inventory
article thumbnail

Victoria Real Estate Market 5-Year Predictions

D Fritz Appraisals

What do Experts Think the Victoria, BC Housing Market Will Look Like by 2027? Significantly reduced housing inventory. In the Victoria, BC housing market, low inventory has continued to result in record low sales numbers. Between 2021 and 2022, house prices in the Victoria, BC region rose by an average of 20%.

article thumbnail

Will Springer Realtor - Untitled Article

Will Springer Realtor

Census data suggest that more than 2M additional homes will reach their “prime remodel” years through 2027 – a time when homes tend to undergo their first major kitchen and bath renovations. Legislation related to transit-oriented development did not pass. The average tenure for homeownership is now at a historic high of 10.7

article thumbnail

UNDERSTANDING THE TRUE COST OF HOMEOWNERSHIP

Will Springer Realtor

Starting mid-2027, insurers operating in Washington will be mandated to furnish written notices to policyholders facing premium hikes of 10% or more, elucidating the primary factors driving the change. . >> 1 with a combined 75,274 units newly completed or being developed. The overall total ranks 15 th in the U.S.,