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December 13, 2006
Strong & Balanced Real Estate Market Predicted for 2007
Bev McIvor, 2007 president of the Victoria Real
Estate Board, says the Victoria area housing
market should remain strong and stable in the
coming year. “After several years of rapidly
rising prices and exceptional activity, we saw a
return to a more balanced market this year. Demand
remains strong and interest rates continue to be
attractive; as a result, all indications point to
continued strength and a balanced market
throughout the coming year.”
McIvor noted that with more properties on the
market buyers now have greater choice. At the same
time, continued strong demand provides an
attractive market for sellers who price their
properties realistically. "We expect that
prices will continue to rise next year, but at a
slower rate than in previous years,"
commented McIvor. McIvor noted that real estate
continues to be a driving force in the economy.
"Property sales through the Victoria Real
Estate Board's Multiple Listing Service® will
total over $3 billion during 2006 and this has
resulted in trememdous spin-off benefits to the
local economy."
The 2007 Board of Directors is as follows: Bev
McIvor - President, Tony Joe - President Elect;
Scott Kendrew - Past President; Tim Beaumont
— Secretary-Treasurer. Other Directors are:
Jane Logan, Randi Masters, Chris Markham, John
McVie and Lorraine Stundon.
The 2007 Directors take office effective
January 1.
2007 President Bev McIvor may be
contacted
c/o RE/MAX Camosun Peninsula
Properties: (250) 655-0608
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