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“The sheer amount of additional supply on the market has really given buyers more of a leg up,” she said. “I That’s a factor too of higher inventory.” Using 2017, 2018 as a normal level, delivery should start to look normal by 2027, 2028, so I think the market fundamentals will start to shift pretty soon.
What do Experts Think the Victoria, BC Housing Market Will Look Like by 2027? The state of Victoria’s housing market is never far from anyone’s mind, especially for first-time home buyers, those moving to a new area or for people looking to sell. Significantly reduced housing inventory. Higher disposable household income .
Conversely, in high-end homes, buyers expect the latest designs, features and finishes; and therefore, an outdated kitchen may be considered as functional obsolescence. Retirement: May 3, 2027 Shorter list 2024 Appraisers go mobile. 2027 & beyond New UAD fully required. Mandate: November 2, 2026 UAD 2.6
Census data suggest that more than 2M additional homes will reach their “prime remodel” years through 2027 – a time when homes tend to undergo their first major kitchen and bath renovations. Falling new inventory is constraining transaction volumes while also supporting higher home prices. And, opening this year, Graystone.
Respectfully, while I agree with the need for improvement in these areas, this strategy is akin to swallowing an aspirin in 2027 for a migraine you have today. This could be a huge win-win-win (country, seller, buyer). And increased inventory at lower price points promotes a balanced market with price stability for the buyer.
However, in today’s market, the overlooked costs of running a household have taken center stage, demanding attention and strategic planning from homeowners and prospective buyers alike. This return of buyers follows a sluggish late 2023. 5 vote (and ballot count the days after). 5 vote (and ballot count the days after).
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