On first glance the Victoria BC Real Estate Market looks incredibly hot over the past month of October 2020. However, I took a closer look at the 3 major economic products in the market; Single Family Homes, Condos and Townhouses. The stats of the past month can show us how the story for each type of home can differ. In my opinion, Single Family Homes in Victoria are currently experiencing a very high priced Sellers Market. If Buyers are looking for their purchasing power to go farther, both Condo's and Townhouses might be worth exploring in more detail at this current point in the economic cycle.

What rate of return can a 1 bed condo (built between 2010-2020 with parking) in Victoria BC downtown core possibly provide for investors? I use stats and economic assumptions to try and provide viewers with some of my best estimates for the market.

What do 1bed condos in Victoria downtown rent for? What will they potentially be worth in 10 years? How much do buyers need to put down as a deposit in order to make a positive monthly yield? Some of my thoughts and guesses in the video that I hope are useful. Pls reach out if you have any questions in the comments section.

If you are in the market for a 2bed 2bath new condo in the downtown area of Victoria BC, this video will be helpful in providing market context. Before you buy make sure to look at relevant stats that might help you find the best price point for your new home.

This is one simple way I use stats to help me find a range of value for 2bed condos in Victoria BC downtown core market.

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