Vancouver Island Real Estate Market Improving

Vancouver Island Real EstateReal estate sales picked up in Greater Victoria and Vancouver Island last month compared with January but still lagged behind February of last year.

Continuing low interest rates and national job growth are credited with supporting Canadian housing demand, but the market will likely soften this year and into 2012, Scotiabank Group said in a Tuesday report.

The number of properties sold last month in the capital region rose by 44 per cent to 488 in February compared with 339 in January, the Victoria Real Estate Board said Tuesday.

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Full Story from The Vancouver Sun

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