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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%.

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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. Falling new inventory is constraining transaction volumes while also supporting higher home prices.

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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. Homeowners must engage in thoughtful discussions with their insurance agents to assess whether additional protection is warranted.