Foreign buyers are not invading Victoria

There is alot of hype in the media right now about the high prices in Vancouver and that it is because of foreign buyers.

This is not happening in Victoria. The market is brisk as we are low on lisitngs and have many buyers looking. We are seeing people from Vancouver moving over to Victoria after they sell their home in Vancouver for a really high price.

Below is a link with statistics from the Victoria Real Estate Board to show where buyers are coming from.In a nutshell 98% are from Canada and of that 87% are from BC.

Only 2% are foreign buyers. The link wll also breakdown where in Canada, BC and the outside of Canada where they came from. Here is the link:
http://files.ctctcdn.com/b4d1e320401/b1e21e55-1d52-4ff8-9f0a-8cc11a11c58f.pdf