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Victoria lands top spot on Christie’s luxury housing markets list

May 16, 2018 8:33 PM
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Trailing Victoria on last year’s list are San Diego and Orange County, Calif., followed by Washington, D.C., and Paris.

Christie’s says the Victoria market earned such a high ranking because it is seeing an influx of buyers from the United States and China and sales rates that rival frenzied and neighbouring markets Toronto and Vancouver.

It says the average time it took to sell a luxury property in Victoria last year was only 32 days, down from 41 days in 2016, making it one of the most fast-paced markets in the world.

Also read: RBC’s CEO vows improvement to disappointing mortgage performance


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