Low Housing Inventory Continues To Drop

Despite inventory in Greater Victoria, BC, dipping below the 900 property mark at the end of last month, there were 653 sales in November, says the Victoria Real Estate Board. This is the third highest number of sales in November in the last 15 years, while last year there were 795 sales. While inventory continues to drop, demand remains strong with new buyers entering the fray every month, including a few more from outside the province.