Victoria Boasts World’s #1 Market for Luxury Home Sales

The Canadian provincial capital of Victoria, British Columbia has been named the city with the most desirable market around the globe for “luxury real estate.” Chinese and U.S. buyers helped the ratings rise to the top according to Christie’s International Real Estate. They studied things like price and time on the market and the change in sales and added in the factors of buying trends, and destination preferences. Based on average price, Victoria was fifth on the list behind Paris, Washington, Orange County, and San Diego. But the ratings of sales volume and speed increased for the city of lush gardens and afternoon teas. Living in Canada offers many benefits for you and your family. It is ranked in the top ten countries to live in. Canadian Visa Expert is dedicated to helping you obtain a visa to Canada.

Properties are only on the market an average of 32 days before selling and the sales increased by 29 percent from 2016. Trying to cool a run-up of property prices, B.C. started taxing foreign purchases of property in Vancouver, which is now flowing into Victoria. Ontario has flowed with tax in Toronto. Experts agree this is not going to stop the desire for million-dollar mansions in Victoria. Vancouver and Toronto have seen a slowing of sales, but the prices are not falling and Christie expects the same statistics in Victoria. The team of experts at Canadian Visa Expert will help you choose the right visa and understand the point system for immigration to Canada.

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